Abbreviated Company Accounts - XCEL INSPECTION SOLUTIONS LTD

XCEL INSPECTION SOLUTIONS LTD - Company Information

Registered Number 08349549

XCEL INSPECTION SOLUTIONS LTD

Abbreviated Accounts

31 January 2014

XCEL INSPECTION SOLUTIONS LTD Registered Number 08349549

Abbreviated Balance Sheet as at 31 January 2014

	Notes	2014
		£
Called up share capital not paid		-
Fixed assets
Intangible assets		-
Tangible assets		-
Investments		-
		-
Current assets
Stocks		-
Debtors		8,672
Investments		-
Cash at bank and in hand		13,634
		22,306
Prepayments and accrued income		-
Creditors: amounts falling due within one year		(509)
Net current assets (liabilities)		21,797
Total assets less current liabilities		21,797
Creditors: amounts falling due after more than one year		0
Total net assets (liabilities)		21,797
Capital and reserves
Called up share capital		1
Profit and loss account		21,796
Shareholders' funds		21,797

For the year ending 31 January 2014 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 9 August 2014

And signed on their behalf by:
Alessandro Demma, Director

XCEL INSPECTION SOLUTIONS LTD Registered Number 08349549

Notes to the Abbreviated Accounts for the period ended 31 January 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of
goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
No tangible fixed assets on the accounts

Intangible assets amortisation policy
No intangible fixed assets on the accounts

Valuation information and policy
Stocks and work -in-progress are valued at the lower of cost and net realisable value, after making due
allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion
of fixed and variable overheads.

Other accounting policies
Withholding tax from foreign countries without bilateral agreemnt with the UK are considered a direct cost as part of cost of sales.