Abbreviated Company Accounts - XERA LIMITED

Registered Number 08106519

XERA LIMITED

Abbreviated Accounts

31 July 2015

XERA LIMITED Registered Number 08106519

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	80	160
		80	160
Current assets
Debtors		34,200	40,000
Cash at bank and in hand		54,886	45,744
		89,086	85,744
Creditors: amounts falling due within one year		(43,914)	(55,220)
Net current assets (liabilities)		45,172	30,524
Total assets less current liabilities		45,252	30,684
Total net assets (liabilities)		45,252	30,684
Capital and reserves
Called up share capital		1	1
Profit and loss account		45,251	30,683
Shareholders' funds		45,252	30,684

For the year ending 31 July 2015 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 12 March 2016

And signed on their behalf by:
K Khatani, Director

XERA LIMITED Registered Number 08106519

Notes to the Abbreviated Accounts for the period ended 31 July 2015

1Accounting Policies

Basis of measurement and preparation of accounts
These accounts have been prepared under the historical cost convention.

Turnover policy
Turnover represents amounts invoiced during the year.

Tangible assets depreciation policy
Depreciation is provided to write off the cost of fixed assets using the straight line method over their estimated useful lives at the following rates :-

Office equipment - 25%

2Tangible fixed assets

	£
Cost
At 1 August 2014	321
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	321
Depreciation
At 1 August 2014	161
Charge for the year	80
On disposals	-
At 31 July 2015	241
Net book values
At 31 July 2015	80
At 31 July 2014	160