XMTools Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03993143 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2016

for

XMTools Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr M C Sandford

REGISTERED OFFICE:

Broom House

39/43 London Road

Hadleigh, Benfleet

Essex

SS7 2QL

REGISTERED NUMBER:

03993143 (England and Wales)

ACCOUNTANTS:

Brooms

Brooms Professional Services Limited

Chartered Certified Accountants

Broom House

39/43 London Road

Hadleigh, Benfleet

Essex

SS7 2QL

SOLICITORS:

Vertex Law LLP

39 Kings Hill Avenue

Kings Hill

West Malling

Kent

ME19 4SD

FIXED ASSETS

Tangible assets

2

-

1

CURRENT ASSETS

Debtors

10,627

99,706

Cash at bank

139,069

54,795

149,696

154,501

CREDITORS

Amounts falling due within one year

146,628

60,558

NET CURRENT ASSETS

3,068

93,943

TOTAL ASSETS LESS CURRENT LIABILITIES

3,068

93,944

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

3,066

93,942

SHAREHOLDERS' FUNDS

3,068

93,944

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 2 September 2016 and were signed by:

Mr M C Sandford - Director

1.	ACCOUNTING POLICIES

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 January 2015).

Turnover

Turnover represents net invoiced royalty and licence income excluding value added tax.

Tangible fixed assets

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

Computer equipment

-

33% on cost

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

5,661

Disposals

(5,661

)

At 30 June 2016

-

DEPRECIATION

At 1 July 2015

5,660

Eliminated on disposal

(5,660

)

At 30 June 2016

-

NET BOOK VALUE

At 30 June 2016

-

At 30 June 2015

1

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

£

2

Ordinary

£1

2

2