Xak Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06022072 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Xak Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

G G Watson

SECRETARY:

Mrs A G Watson

REGISTERED OFFICE:

Mansion House

Manchester Road

Altrincham

Cheshire

WA14 4RW

REGISTERED NUMBER:

06022072 (England and Wales)

ACCOUNTANTS:

Paystream Accounting Services Limited

Mansion House

Manchester Road

Altrincham

Cheshire

WA14 4RW

FIXED ASSETS

Tangible assets

2

-

624

CURRENT ASSETS

Debtors

19,933

16,775

Cash at bank

17,377

19,751

37,310

36,526

CREDITORS

Amounts falling due within one year

28,508

29,169

NET CURRENT ASSETS

8,802

7,357

TOTAL ASSETS LESS CURRENT LIABILITIES

8,802

7,981

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

8,800

7,979

SHAREHOLDERS' FUNDS

8,802

7,981

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 10 October 2015 and were signed by:

G G Watson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

50% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

1,249

DEPRECIATION

At 1 April 2014

625

Charge for year

624

At 31 March 2015

1,249

NET BOOK VALUE

At 31 March 2015

-

At 31 March 2014

624

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

1

A Ordinary

£1

1

1

1

B Ordinary

£1

1

1

2

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2015

and 31 March 2014:

31.3.15

31.3.14

£

£

G G Watson

Balance outstanding at start of year

3,374

6,946

Amounts advanced

3,772

-

Amounts repaid

-

(3,572

)

Balance outstanding at end of year

7,146

3,374