XPT Information Technology Ltd - Abbreviated accounts

XPT INFORMATION TECHNOLOGY LTD - Company Information

Registered number

03700770

XPT Information Technology Ltd

Abbreviated Accounts

30 July 2016

XPT Information Technology Ltd
Registered number:		03700770
Abbreviated Balance Sheet
as at 30 July 2016

Notes			2016			2015
£				£
Fixed assets
Intangible assets	2		22,500			-

Current assets
Debtors		43,000			45,000

Creditors: amounts falling due within one year		(7,864)			(1,869)

Net current assets			35,136			43,131

Net assets			57,636			43,131

Capital and reserves
Called up share capital	3		400			400
Share premium			349,922			349,922
Profit and loss account			(292,686)			(307,191)

Shareholders' funds			57,636			43,131

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



G Christou
Director
Approved by the board on 26 June 2017

XPT Information Technology Ltd
Notes to the Abbreviated Accounts
for the period ended 30 July 2016

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% straight line

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Intangible fixed assets					£

	Cost
	Additions					45,000
	At 30 July 2016					45,000

	Amortisation
	Provided during the period					22,500
	At 30 July 2016					22,500

	Net book value
	At 30 July 2016					22,500


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£0.10 each		4,000		400		400