Xtremevision360 Ltd Small abbreviated accounts

XTREMEVISION360 LTD - Company Information

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Company Registration Number 08311242

Xtremevision360 Ltd

Unaudited Abbreviated Accounts

30 November 2015

Xtremevision360 Ltd

Abbreviated Balance Sheet

30 November 2015

	2015	2014
Note	£	£	£

Fixed Assets	2
Tangible assets		8,419	7,066
		-------	-------

Current Assets

Stocks	4,595		2,207
Debtors	1,796		1,463
Cash at bank and in hand	9,568		5,766
	--------		-------
	15,959		9,436
Creditors: Amounts Falling due Within One Year	( 19,950)		( 17,843)
	--------		--------
Net Current Liabilities		( 3,991)	( 8,407)

	-------	-------
Total Assets Less Current Liabilities	4,428	( 1,341)
	-------	-------

Capital and Reserves

Called up equity share capital	3		2	2
Profit and loss account		4,426	( 1,343)
		-------	-------
Shareholders' Funds/(Deficit)		4,428	( 1,341)
		-------	-------

For the year ended 30th November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved and signed by the director and authorised for issue on 12 July 2016 .

D Banks Director

Company Registration Number: 08311242

Xtremevision360 Ltd

Notes to the Abbreviated Accounts

Year Ended 30th November 2015

1. Accounting Policies

Basis of Accounting

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 turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Fixed Assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings-10% reducing balance per annum

Equipment-20% straight line per annum

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Going Concern

The company is dependent on the continued support of its directors, in its ability to continue as a going concern. The directors have provided the company with loans without formal repayment terms. On this basis the directors consider that it is appropriate for the financial statements to be prepared on a going concern basis.

2. Fixed Assets

	Tangible Assets
	£

Cost

At 1st December 2014	10,412
Additions	3,730
	--------
At 30th November 2015	14,142
	--------

Depreciation

At 1st December 2014	3,346
Charge for year	2,377
	-------
At 30th November 2015	5,723
	-------

Net Book Value

At 30th November 2015	8,419
	-------

At 30th November 2014	7,066
	-------

3. Share Capital

Allotted, called up and fully paid:

2015	2014
No.	£	No.	£

Ordinary shares of £ 1 each	2	2	2	2
	----	----	----	----