ACCOUNTS - Final Accounts preparation

XANDER MANAGEMENT SERVICES LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01false11truetrue 09887986 2022-04-01 2023-03-31 09887986 2021-04-01 2022-03-31 09887986 2023-03-31 09887986 2022-03-31 09887986 c:Director1 2022-04-01 2023-03-31 09887986 d:PlantMachinery 2022-04-01 2023-03-31 09887986 d:PlantMachinery 2023-03-31 09887986 d:PlantMachinery 2022-03-31 09887986 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09887986 d:MotorVehicles 2022-04-01 2023-03-31 09887986 d:MotorVehicles 2023-03-31 09887986 d:MotorVehicles 2022-03-31 09887986 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09887986 d:FurnitureFittings 2022-04-01 2023-03-31 09887986 d:FurnitureFittings 2023-03-31 09887986 d:FurnitureFittings 2022-03-31 09887986 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09887986 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09887986 d:CurrentFinancialInstruments 2023-03-31 09887986 d:CurrentFinancialInstruments 2022-03-31 09887986 d:Non-currentFinancialInstruments 2023-03-31 09887986 d:Non-currentFinancialInstruments 2022-03-31 09887986 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09887986 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09887986 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09887986 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 09887986 d:ShareCapital 2023-03-31 09887986 d:ShareCapital 2022-03-31 09887986 d:RetainedEarningsAccumulatedLosses 2023-03-31 09887986 d:RetainedEarningsAccumulatedLosses 2022-03-31 09887986 c:FRS102 2022-04-01 2023-03-31 09887986 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09887986 c:FullAccounts 2022-04-01 2023-03-31 09887986 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09887986 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 09887986 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 09887986

XANDER MANAGEMENT SERVICES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

XANDER MANAGEMENT SERVICES LIMITED

CONTENTS

	Page
Balance Sheet	1 - 2
Notes to the Financial Statements	3 - 6

XANDER MANAGEMENT SERVICES LIMITED

REGISTERED NUMBER: 09887986

BALANCE SHEET

AS AT 31 MARCH 2023

		2023		2022
Note		£		£

Fixed assets
Tangible assets	4		7,409		40,461
Current assets
Debtors	5	-		4,444
Cash at bank and in hand		59,605		47,826
		59,605		52,270
Creditors: amounts falling due within one year	6	(31,720)		(31,787)
Net current assets			27,885		20,483
Total assets less current liabilities			35,294		60,944
Creditors: amounts falling due after more than one year	7		-		(27,838)

Net assets			35,294		33,106

Capital and reserves
Called up share capital	10	10
Profit and loss account	35,284	33,096
	35,294	33,106

Page 1

XANDER MANAGEMENT SERVICES LIMITED

REGISTERED NUMBER: 09887986

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 November 2023.

A G Neale

Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

XANDER MANAGEMENT SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1.	General information

Xander Management Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 85-89 Colmore Row, Birmingham, United Kingdom, B3 2BB.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

XANDER MANAGEMENT SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis..

Depreciation is provided on the following basis:

Equipment	-	20%	straight line
Motor vehicles	-	20%	reducing balance
Fixtures and fittings	-	20%	reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 4

XANDER MANAGEMENT SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

4.	Tangible fixed assets

	Equipment	Motor vehicles	Fixtures and fittings	Total
	£	£	£	£
Cost or valuation
At 1 April 2022	1,163	39,000	17,048	57,211
Disposals	-	(39,000)	-	(39,000)
At 31 March 2023	1,163	-	17,048	18,211
Depreciation
At 1 April 2022	1,163	7,800	7,787	16,750
Charge for the year on owned assets	-	4,680	1,852	6,532
Disposals	-	(12,480)	-	(12,480)
At 31 March 2023	1,163	-	9,639	10,802
Net book value
At 31 March 2023	-	-	7,409	7,409
At 31 March 2022	-	31,200	9,261	40,461

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
	2023	2022
	£	£


	Motor vehicles	-	31,200

Page 5

XANDER MANAGEMENT SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

Debtors

					2023	2022
					£	£


Other debtors	-	4,444

6.	Creditors: Amounts falling due within one year
		2023	2022
		£	£

Trade creditors	1,617	425
Corporation tax	11,119	22,194
Other taxation and social security	9,402	264
Obligations under finance lease and hire purchase contracts	-	4,194
Other creditors	9,582	4,710
	31,720	31,787

7.	Creditors: Amounts falling due after more than one year
		2023	2022
		£	£

	Net obligations under finance leases and hire purchase contracts	-	27,838

Obligations under hire purchase are secured upon the assets to which they relate.

Page 6