XJet World Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 09093118 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 19 June 2014 to 31 December 2014

for

XJet World Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J R B Cole

J Stewart

REGISTERED OFFICE:

Diamond Hangar

Long Border Road

London Stansted Airport

Stansted

Essex

CM24 1RE

REGISTERED NUMBER:

09093118 (England and Wales)

ACCOUNTANTS:

Steven Burton & Co Limited

Broomfield Park

Coggeshall Road

Earls Colne

Colchester

Essex

CO6 2JX

FIXED ASSETS

Tangible assets

2

21,544

CURRENT ASSETS

Debtors

125,394

Cash at bank and in hand

4,681

130,075

CREDITORS

Amounts falling due within one year

189,098

NET CURRENT LIABILITIES

(59,023

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(37,479

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(37,579

)

SHAREHOLDER FUNDS

(37,479

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 8 June 2016 and were signed on its behalf by:

J Stewart - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company has retained losses of £37,579. As such, the company's ability to trade is based upon the continued

support of its creditors and Directors. The company's Directors, believe sufficient support will remain in place

for the next 12 months and as such these accounts have been prepared on a going concern basis.

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

The company’s turnover represents the value, excluding value added tax, of goods and services supplied to

customers during the year.

Tangible fixed assets

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

Improvements to property

-

in accordance with the property

The company occupies leasehold property on a seven year lease. Improvements to leasehold property are

depreciated over the length of this lease.

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

Additions

22,069

At 31 December 2014

22,069

DEPRECIATION

Charge for period

525

At 31 December 2014

525

NET BOOK VALUE

At 31 December 2014

21,544

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100