XPT Limited - Abbreviated accounts

Registered number

03700770

XPT Limited

Abbreviated Accounts

31 July 2015

XPT Limited
Registered number:		03700770
Abbreviated Balance Sheet
as at 31 July 2015

Notes			2015			2014
£				£
Current assets
Debtors		45,000			30,000

Creditors: amounts falling due within one year		(1,869)			-

Net current assets			43,131			30,000

Net assets			43,131			30,000

Capital and reserves
Called up share capital	2		400			400
Share premium			349,922			349,922
Profit and loss account			(307,191)			(320,322)

Shareholders' funds			43,131			30,000

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



E Burnett
Director
Approved by the board on 11 April 2016

XPT Limited
Notes to the Abbreviated Accounts
for the year ended 31 July 2015

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% straight line

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£0.10 each		4,000		400		400