Xtranet-ITSolutions Ltd

Xtranet-ITSolutions Ltd

XTRANET-ITSOLUTIONS LTD - Company Information

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1 September 2020 false No description of principal activity Taxfiler 2022.8.3 05542406business:PrivateLimitedCompanyLtd2020-09-012021-08-31 055424062020-08-31 055424062020-09-012021-08-31 05542406business:AuditExemptWithAccountantsReport2020-09-012021-08-31 05542406business:FullAccounts2020-09-012021-08-31 055424062021-08-31 05542406business:Director12020-09-012021-08-31 05542406business:RegisteredOffice2020-09-012021-08-31 055424062020-08-31 05542406core:WithinOneYear2021-08-31 05542406core:WithinOneYear2020-08-31 05542406core:AfterOneYear2021-08-31 05542406core:AfterOneYear2020-08-31 05542406core:ShareCapital2021-08-31 05542406core:ShareCapital2020-08-31 05542406core:RetainedEarningsAccumulatedLosses2021-08-31 05542406core:RetainedEarningsAccumulatedLosses2020-08-31 05542406business:SmallEntities2020-09-012021-08-31 05542406countries:EnglandWales2020-09-012021-08-31 05542406core:PlantMachinery2020-09-012021-08-31 05542406core:FurnitureFittings2020-09-012021-08-31 05542406core:Goodwill2020-08-31 05542406core:Goodwill2021-08-31 05542406core:LandBuildings2020-08-31 05542406core:PlantMachinery2020-08-31 05542406core:FurnitureFittings2020-08-31 05542406core:LandBuildings2020-09-012021-08-31 05542406core:LandBuildings2021-08-31 05542406core:PlantMachinery2021-08-31 05542406core:FurnitureFittings2021-08-31 05542406business:Director112020-09-012021-08-31 05542406business:Director112020-08-31 05542406business:Director112021-08-31 055424062019-09-012020-08-31 iso4217:GBP xbrli:pure
Company Registration No. 05542406 (England and Wales)
Xtranet-ITSolutions Ltd Unaudited accounts for the year ended 31 August 2021
Xtranet-ITSolutions Ltd Unaudited accounts Contents
Page
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Xtranet-ITSolutions Ltd Company Information for the year ended 31 August 2021
Director
Richard Mark Flint
Company Number
05542406 (England and Wales)
Registered Office
40 Shefford Road Meppershall Bedfordshire SG17 5LN
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Xtranet-ITSolutions Ltd Accountants' report
Accountants' report to the director of Xtranet-ITSolutions Ltd on the preparation of the unaudited statutory accounts for the year ended 31 August 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Xtranet-ITSolutions Ltd for the year ended 31 August 2021 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Xtranet-ITSolutions Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Xtranet-ITSolutions Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Xtranet-ITSolutions Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Xtranet-ITSolutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Xtranet-ITSolutions Ltd. You consider that Xtranet-ITSolutions Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Xtranet-ITSolutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 31 May 2022
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Xtranet-ITSolutions Ltd Statement of financial position as at 31 August 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
5
504 
599 
Current assets
Inventories
1,500 
3,000 
Debtors
6
113,398 
76,948 
Cash at bank and in hand
121 
6,953 
115,019 
86,901 
Creditors: amounts falling due within one year
7
(64,491)
(83,119)
Net current assets
50,528 
3,782 
Total assets less current liabilities
51,032 
4,381 
Creditors: amounts falling due after more than one year
8
(50,000)
- 
Net assets
1,032 
4,381 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
1,030 
4,379 
Shareholders' funds
1,032 
4,381 
For the year ending 31 August 2021 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 May 2022 and were signed on its behalf by
Richard Mark Flint Director Company Registration No. 05542406
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Xtranet-ITSolutions Ltd Notes to the Accounts for the year ended 31 August 2021
1
Statutory information
Xtranet-ITSolutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 05542406. The registered office is 40 Shefford Road, Meppershall, Bedfordshire, SG17 5LN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Fixtures & fittings
25% on reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill - 10 years
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2020
6,267 
At 31 August 2021
6,267 
Amortisation
At 1 September 2020
6,267 
At 31 August 2021
6,267 
Net book value
At 31 August 2021
- 
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Xtranet-ITSolutions Ltd Notes to the Accounts for the year ended 31 August 2021
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2020
4,191 
2,548 
385 
7,124 
Additions
- 
- 
204 
204 
At 31 August 2021
4,191 
2,548 
589 
7,328 
Depreciation
At 1 September 2020
4,191 
2,081 
253 
6,525 
Charge for the year
- 
228 
71 
299 
At 31 August 2021
4,191 
2,309 
324 
6,824 
Net book value
At 31 August 2021
- 
239 
265 
504 
At 31 August 2020
- 
467 
132 
599 
6
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
12,462 
44,000 
Accrued income and prepayments
2,389 
118 
Other debtors
98,547 
32,830 
113,398 
76,948 
7
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
11,615 
25,793 
VAT
5,576 
7,185 
Trade creditors
17,159 
22,946 
Taxes and social security
25,311 
12,065 
Accruals
2,027 
- 
Deferred income
2,803 
15,130 
64,491 
83,119 
8
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
50,000 
- 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Richard Mark Flint
Directors Loan Account
31,652 
(69,784)
(63,871)
25,739 
31,652 
(69,784)
(63,871)
25,739 
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Xtranet-ITSolutions Ltd Notes to the Accounts for the year ended 31 August 2021
10
Average number of employees
During the year the average number of employees was 1 (2020: 1).
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