XLIN STARTUP SERVICES C.I.C.

XLIN STARTUP SERVICES C.I.C.

XLIN STARTUP SERVICES C.I.C. - Company Information

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XLIN STARTUP SERVICES C.I.C.

Company Registration Number:
07478782 (England and Wales)

Unaudited statutory accounts for the year ended 30 March 2020

Period of accounts

Start date: 31 March 2019

End date: 30 March 2020

XLIN STARTUP SERVICES C.I.C.

Contents of the Financial Statements

for the Period Ended 30 March 2020

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

XLIN STARTUP SERVICES C.I.C.

Profit And Loss Account

for the Period Ended 30 March 2020

2020 2019


£
£
Turnover: 18,185 21,000
Cost of sales: 0 0
Gross profit(or loss): 18,185 21,000
Distribution costs: 0 0
Administrative expenses: ( 37,726 ) ( 31,325 )
Other operating income: 0 0
Operating profit(or loss): (19,541) (10,325)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (19,541) (10,325)
Tax: 0 0
Profit(or loss) for the financial year: (19,541) (10,325)

XLIN STARTUP SERVICES C.I.C.

Balance sheet

As at 30 March 2020

Notes 2020 2019


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 21,910 14,350
Cash at bank and in hand: 1,046 1,517
Investments:   0 0
Total current assets: 22,956 15,867
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 49,600 ) ( 24,050 )
Net current assets (liabilities): (26,644) (8,183)
Total assets less current liabilities: (26,644) ( 8,183)
Creditors: amounts falling due after more than one year: 5 ( 8,535 ) ( 7,455 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (35,179) (15,638)
Capital and reserves
Called up share capital: 1,000 1,000
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: (36,179 ) (16,638 )
Total Shareholders' funds: ( 35,179 ) (15,638)

The notes form part of these financial statements

XLIN STARTUP SERVICES C.I.C.

Balance sheet statements

For the year ending 30 March 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 29 March 2021
and signed on behalf of the board by:

Name: Dattatraya Kadikar
Status: Director

The notes form part of these financial statements

XLIN STARTUP SERVICES C.I.C.

Notes to the Financial Statements

for the Period Ended 30 March 2020

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

XLIN STARTUP SERVICES C.I.C.

Notes to the Financial Statements

for the Period Ended 30 March 2020

  • 2. Employees

    2020 2019
    Average number of employees during the period 0 0

XLIN STARTUP SERVICES C.I.C.

Notes to the Financial Statements

for the Period Ended 30 March 2020

3. Debtors

2020 2019
£ £
Trade debtors 21,910 14,350
Total 21,910 14,350

XLIN STARTUP SERVICES C.I.C.

Notes to the Financial Statements

for the Period Ended 30 March 2020

4. Creditors: amounts falling due within one year note

2020 2019
£ £
Trade creditors 36,000 18,000
Accruals and deferred income 700 350
Other creditors 12,900 5,700
Total 49,600 24,050

XLIN STARTUP SERVICES C.I.C.

Notes to the Financial Statements

for the Period Ended 30 March 2020

5. Creditors: amounts falling due after more than one year note

2020 2019
£ £
Other creditors 8,535 7,455
Total 8,535 7,455

COMMUNITY INTEREST ANNUAL REPORT

XLIN STARTUP SERVICES C.I.C.

Company Number: 07478782 (England and Wales)

Year Ending: 30 March 2020

Company activities and impact

XLIN Startup Services CIC has continued supporting start-up small businesses by providing them free business advice, affordable office space and other business support services, where required. Business coaching and mentoring support are also provided.XLIN startup services CIC is in the process of setting up Startup Hubs to help startups get access to office space and creative space at discounted rates and even free of costs in some cases.XLIN Startup Services continues to help startup and small businesses in setting an online presence for their business and guides them with online marketing.The company provides support services like help with Social Media Marketing and networking events to help startups in growing their businesses

Consultation with stakeholders

The company consults the stakeholders, mainly start-up businesses, to know their specific needs and designs its services to serve them better.The company also interacts with external advisors to get their support and inputs where required to make its services more meaningful.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
29 March 2021

And signed on behalf of the board by:
Name: Dattatraya Kadikar
Status: Director