Xperion Training & Consultancy Limited - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 04812574 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

FOR

XPERION TRAINING & CONSULTANCY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R K Pockett

Mrs B A Pockett

SECRETARY:

Mrs B A Pockett

REGISTERED OFFICE:

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

REGISTERED NUMBER:

04812574 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

FIXED ASSETS

Tangible assets

3

2,714

1,462

CURRENT ASSETS

Debtors

4

9,067

370

Cash at bank

102,621

36,962

111,688

37,332

CREDITORS

Amounts falling due within one year

5

52,048

36,294

NET CURRENT ASSETS

59,640

1,038

TOTAL ASSETS LESS CURRENT LIABILITIES

62,354

2,500

PROVISIONS FOR LIABILITIES

536

-

NET ASSETS

61,818

2,500

CAPITAL AND RESERVES

Called up share capital

7

2,500

2,500

Retained earnings

59,318

-

SHAREHOLDERS' FUNDS

61,818

2,500

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 15 November 2017 and were signed on its behalf by:

R K Pockett - Director

1.	STATUTORY INFORMATION

Xperion Training & Consultancy Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Office equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 July 2016

13,662

Additions

2,157

At 30 June 2017

15,819

DEPRECIATION

At 1 July 2016

12,200

Charge for year

905

At 30 June 2017

13,105

NET BOOK VALUE

At 30 June 2017

2,714

At 30 June 2016

1,462

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade debtors

8,652

220

VAT

222

150

Prepayments

193

-

9,067

370

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade creditors

3,981

4,000

Tax

29,436

10,229

Directors' current accounts

16,732

20,338

Accrued expenses

1,899

1,727

52,048

36,294

6.	LEASING AGREEMENTS

Total future lease commitments payable under non-cancellable operating leases amount to £3,077 (2016 £7,179).

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.17

30.6.16

value:

£

£

2,500

Ordinary shares

£1

2,500

2,500

8.	FIRST YEAR ADOPTION

The Company has transitioned to FRS 102 from previously being prepared under the historical cost convention

and in accordance with the Financial Reporting Standards for Smaller Entities (effective January 2015) as at 1st

July 2015.

Reconciliation of equity

No transition adjustments were required.

Reconciliation of profit or loss for the year

No transition adjustments were required.