Abbreviated Company Accounts - XERXES 1 LTD

09868439 XERXES 1 LTD 2016-11-30 false 2015-11-12 2016-11-30 true 09868439 2015-11-12 2016-11-30 09868439 2016-11-30 09868439 uk-gaap-cd-bus:Director1 2015-11-12 2016-11-30 09868439 uk-gaap-cd-bus:Director2 2015-11-12 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-12 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-11-30 iso4217:GBP shares

Registered Number 09868439

XERXES 1 LTD

Abbreviated Accounts

30 November 2016

XERXES 1 LTD Registered Number 09868439

Abbreviated Balance Sheet as at 30 November 2016

	Notes	2016
		£
Fixed assets
Tangible assets	2	15,346
		15,346
Current assets
Stocks		12,750
Debtors		9,729
Cash at bank and in hand		17,968
		40,447
Creditors: amounts falling due within one year		(42,866)
Net current assets (liabilities)		(2,419)
Total assets less current liabilities		12,927
Total net assets (liabilities)		12,927
Capital and reserves
Called up share capital	3	1,000
Profit and loss account		11,927
Shareholders' funds		12,927

For the year ending 30 November 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.

Approved by the Board on 12 June 2017

And signed on their behalf by:
A Khorsand, Director

XERXES 1 LTD Registered Number 09868439

Notes to the Abbreviated Accounts for the period ended 30 November 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents income from services for the year, all provided in the U.K.

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

Equipment - 20% reducing balance basis
Motor vehicle - 20% reducing balance basis

Other accounting policies
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items

2Tangible fixed assets

	£
Cost
Additions	19,183
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2016	19,183
Depreciation
Charge for the year	3,837
On disposals	-
At 30 November 2016	3,837
Net book values
At 30 November 2016	15,346

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £
1,000 Ordinary shares of £1 each	1,000