XPERTTEK_LIMITED - Accounts

XPERTTEK LIMITED - Company Information

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Company Registration No. 06349668 (England and Wales)

XPERTTEK LIMITED

UNAUDITED ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

XPERTTEK LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

XPERTTEK LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

5,754

6,627

Current assets

Debtors

6,975

2,900

Cash at bank and in hand

14,218

11,656

21,193

14,556

Creditors: amounts falling due within one year

(16,682)

(17,761)

Net current assets/(liabilities)

4,511

(3,205)

Total assets less current liabilities

10,265

3,422

Provisions for liabilities

(1,207)

(1,300)

9,058

2,122

Capital and reserves

Called up share capital

100

Profit and loss account

8,958

2,022

Shareholders' funds

9,058

2,122

For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 15 February 2017

Mr S Hawkins

Director

Company Registration No. 06349668

XPERTTEK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The directors, having regard to the nature, size and complexity of the business, have assessed the financial risks affecting the company and its operations for the 12 months from the approval of the financial statements and consider it appropriate to prepare the financial statements on a going concern basis.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

Straight line over 3 years

Motor vehicles

25% reducing balance

1.5

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

XPERTTEK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 September 2015

24,223

Additions

1,853

At 31 August 2016

26,076

Depreciation

At 1 September 2015

17,596

Charge for the year

2,726

At 31 August 2016

20,322

Net book value

At 31 August 2016

5,754

At 31 August 2015

6,627

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100