Xactium Limited - Abbreviated accounts 16.3
Xactium Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Xactium Limited |
| Abbreviated Accounts |
| for the Year Ended 31 August 2016 |
| Xactium Limited (Registered number: 04683891) |
| Contents of the Abbreviated Accounts |
| for the year ended 31 August 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Xactium Limited |
| Company Information |
| for the year ended 31 August 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| BANKERS: |
| Xactium Limited (Registered number: 04683891) |
| Abbreviated Balance Sheet |
| 31 August 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| Xactium Limited (Registered number: 04683891) |
| Abbreviated Balance Sheet - continued |
| 31 August 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Share premium |
| Capital redemption reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the Board of Directors on by: |
| Xactium Limited (Registered number: 04683891) |
| Notes to the Abbreviated Accounts |
| for the year ended 31 August 2016 |
| 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 sale of goods and services, excluding value added tax. |
| Research and development costs |
| Costs incurred in developing new software for market, and whereby the directors are satisfied as to the technical, |
| commercial and financial viability of such projects, are capitalised as development costs and amortised on a |
| straight line basis over an expected useful life of 5 years. Research expenditure is charged to the profit and loss |
| account as incurred. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| All fixed assets are initially recorded at cost. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
| the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| Hire purchase and leasing commitments |
| Rentals applicable to operating leases where substantially all the benefits and risk of ownership remain with the |
| lessor are charged against profits on a straight line basis over the period of the lease. |
| Xactium Limited (Registered number: 04683891) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 31 August 2016 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 September 2015 |
| Additions |
| At 31 August 2016 |
| AMORTISATION |
| At 1 September 2015 |
| Amortisation for year |
| At 31 August 2016 |
| NET BOOK VALUE |
| At 31 August 2016 |
| At 31 August 2015 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 September 2015 |
| Additions |
| At 31 August 2016 |
| DEPRECIATION |
| At 1 September 2015 |
| Charge for year |
| At 31 August 2016 |
| NET BOOK VALUE |
| At 31 August 2016 |
| At 31 August 2015 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | 10p |
| Ordinary A | 10p |
| 1,065 | 1,143 |
| Xactium Limited (Registered number: 04683891) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 31 August 2016 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 August 2016 and |
| 31 August 2015: |
| 2016 | 2015 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |