Accounts Submission

Accounts Submission

XQS SOFTWARE LIMITED - Company Information

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XQS SOFTWARE LIMITED

Company Registration Number:
03251740 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 October 2015

End date: 30 September 2016

XQS SOFTWARE LIMITED

Abbreviated Balance sheet

As at 30 September 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 2 644 859
Total fixed assets: 644 859
Current assets
Debtors: 1,152
Cash at bank and in hand: 39,083 41,128
Total current assets: 40,235 41,128
Creditors: amounts falling due within one year: ( 39,813 ) ( 39,693 )
Net current assets (liabilities): 422 1,435
Total assets less current liabilities: 1,066 2,294
Total net assets (liabilities): 1,066 2,294

The notes form part of these financial statements

XQS SOFTWARE LIMITED

Balance sheet continued

As at 30 September 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 3 2 2
Profit and loss account: 1,064 2,292
Shareholders funds: 1,066 2,294

For the year ending 30 September 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

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

The financial statements were approved by the Board of Directors on 03 June 2017

SIGNED ON BEHALF OF THE BOARD BY:

Name: Roy Colin Stringer
Status: Director

The notes form part of these financial statements

XQS SOFTWARE LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 September 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    the financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities 2015

    Turnover policy

    the turnover represents amounts receivable for goods and services net of VAT and trade discounts

    Tangible fixed assets depreciation policy

    depreciation is calculated at the following rates to write off the cost of an asset, less its residual value, over its estimated useful economic lifetime - annual deprecation of computer equipment is 25% of carrying value

    Intangible fixed assets amortisation policy

    amortisation is calculated at the following rates to write off the cost of an asset, less its residual value, over its estimated useful economic lifetime – annual amortisation of goodwill is 25%

    Valuation information and policy

    stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and overheads

XQS SOFTWARE LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 September 2016

  • 2. Tangible assets

    Total
    Cost £
    01 October 2015: 4,441
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    30 September 2016: 4,441
    Depreciation
    01 October 2015: 3,582
    Charge for year: 215
    On disposals: 0
    Other adjustments: 0
    30 September 2016: 3,797
    Net book value
    30 September 2016: 644
    30 September 2015: 859

XQS SOFTWARE LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 September 2016

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 2 1.00 2
    Preference shares: 0
    Total share capital (£): 2
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 2 1.00 2
    Preference shares: 0
    Total share capital (£): 2