Company Registration No. 08742642 (England and Wales)
XNET Limited
Unaudited accounts
for the year ended 31 October 2017
XNET Limited
Unaudited accounts
Contents
XNET Limited
Company Information
for the year ended 31 October 2017
Director
Amir Saman Joorabchian
Company Number
08742642 (England and Wales)
Registered Office
29 QUEENSBOROUGH COURT
NORTH CIRCULAR ROAD
LONDON
N3 3JP
Accountants
VNW Limited
70 Dowdeswell Close
London
SW15 5RL
XNET Limited
Statement of financial position
as at 31 October 2017
Cash at bank and in hand
20,420
7,225
Creditors: amounts falling due within one year
(20,284)
(16,759)
Net current assets/(liabilities)
136
(9,534)
Net assets/(liabilities)
137
(9,059)
Called up share capital
100
100
Profit and loss account
37
(9,159)
Shareholders' funds
137
(9,059)
For the year ending 31 October 2017 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 29 November 2017.
Amir Saman Joorabchian
Director
Company Registration No. 08742642
XNET Limited
Notes to the Accounts
for the year ended 31 October 2017
XNET Limited is a private company, limited by shares, registered in England and Wales, registration number 08742642. The registered office is 29 QUEENSBOROUGH COURT, NORTH CIRCULAR ROAD, LONDON, N3 3JP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 October 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Computer equipment
XNET Limited
Notes to the Accounts
for the year ended 31 October 2017
5
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
347
-
Loans from directors
19,335
16,278
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Average number of employees
During the year the average number of employees was 0 (2016: 0).
