XN LIMITED - Accounts

XN LIMITED - Accounts

XN LIMITED - Company Information

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2014-04-01 true false Private Limited Company 05852663 2014-04-01 2015-03-31 05852663 2015-03-31 05852663 uk-bus:RegisteredOffice 2014-04-01 2015-03-31 05852663 uk-bus:AllEntityOfficers 2014-04-01 2015-03-31 05852663 uk-bus:EntityAccountantsOrAuditors 2014-04-01 2015-03-31 05852663 uk-bus:EntityAccountantsOrAuditors 2015-03-31 05852663 uk-gaap:WithinOneYear 2015-03-31 05852663 uk-bus:Director1 2014-04-01 2015-03-31 05852663 uk-bus:Director1 2015-03-31 05852663 uk-bus:Director1 2013-04-01 2014-03-31 05852663 2013-04-01 05852663 uk-bus:EntityBankers 2014-04-01 2015-03-31 05852663 uk-bus:CompanySecretary 2014-04-01 2015-03-31 05852663 uk-bus:EntityLawyersOrLegalAdvisers 2014-04-01 2015-03-31 05852663 2013-04-01 2014-03-31 05852663 2014-03-31 05852663 uk-gaap:WithinOneYear 2014-03-31 05852663 uk-bus:AllEntityOfficers 2013-04-01 2014-03-31 05852663 uk-bus:EntityAccountantsOrAuditors 2013-04-01 2014-03-31 05852663 uk-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 05852663 uk-bus:OrdinaryShareClass1 2015-03-31 05852663 uk-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 05852663 uk-bus:OrdinaryShareClass1 2014-03-31 05852663 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2014-04-01 2015-03-31 05852663 uk-gaap:PlantMachinery 2014-04-01 2015-03-31 05852663 uk-gaap:PlantMachinery 2015-03-31 05852663 uk-gaap:PlantMachinery 2014-03-31 05852663 uk-gaap:FixturesFittings 2014-04-01 2015-03-31 05852663 uk-gaap:FixturesFittings 2015-03-31 05852663 uk-gaap:FixturesFittings 2014-03-31 05852663 uk-gaap:NetGoodwill 2014-04-01 2015-03-31 05852663 uk-gaap:NetGoodwill 2015-03-31 05852663 uk-gaap:NetGoodwill 2014-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number : 05852663
England and Wales

 

 

 

XN LIMITED


Abbreviated Accounts
 


Period of accounts

Start date: 01 April 2014

End date: 31 March 2015

XN LIMITED
Contents Page
For the year ended 31 March 2015
As described in the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2015 and you consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.




....................................................
Smith & Brown Accountants
Cinnamon House
Cinnamon Park
Fearnhead
WA2 0XP
18 December 2015

1
 
 		 Notes
 		 2015
£		   2014
£
Fixed assets      
Intangible fixed assets 2 24,000    36,000 
Tangible fixed assets 3 23,746    30,927 
47,746    66,927 
Current assets      
Debtors (1,913)   0 
Cash at bank and in hand 4,575    2,567 
2,661    2,567 
Creditors: amount falling due within one year (21,512)   (3,104)
Net current assets (18,851)   (537)
Total assets less current liabilities 28,895    66,390 
Creditors: amount falling due more than one year (72,438)   (88,375)
Net assets (43,543)   (21,985)

Capital and reserves 		     
Called up share capital 4 100    100 
Profit and loss account (43,643)   (22,085)
Shareholders funds (43,543)   (21,985)


For the year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.
Signed on behalf of the board of directors



Date approved by the board: 18 December 2015
2
1.

Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Goodwill

Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 5 years.

2.

Intangible fixed assets

Cost or Valuation Goodwill   Total
  £   £
At 01 April 2014 120,000    120,000 
Additions -    - 
Disposals -    - 
At 31 March 2015 120,000    120,000 
Amortisation
At 01 April 2014 84,000    84,000 
Charge for year 12,000    12,000 
On disposals -    - 
At 31 March 2015 96,000    96,000 
Net book values
At 31 March 2015 24,000    24,000 
At 01 April 2014 36,000    36,000 


3.

Tangible fixed assets

Cost or Valuation Plant and Machinery   Fixtures and Fittings   Total
  £   £   £
At 01 April 2014 24,442    186,217    210,659 
Additions -    3,857    3,857 
Disposals (24,442)   -    (24,442)
At 31 March 2015 -    190,074    190,074 
Depreciation
At 01 April 2014 19,339    160,392    179,732 
Charge for year -    5,936    5,936 
On disposals (19,340)   -    (19,340)
At 31 March 2015 (1)   166,328    166,328 
Net book values
At 31 March 2015 1    23,746    23,746 
At 01 April 2014 5,102    25,825    30,927 


4.

Share Capital

Allotted
2015
£		   2014
£
100 Class A shares of £1.00 each 100    100 
100    100 

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