xSystems Limited - Accounts to registrar (filleted) - small 17.3

xSystems Limited - Accounts to registrar (filleted) - small 17.3

XSYSTEMS LIMITED - Company Information

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REGISTERED NUMBER: 05402449 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2017

FOR

XSYSTEMS LIMITED
XSYSTEMS LIMITED (REGISTERED NUMBER: 05402449)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2017










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


XSYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2017







DIRECTOR: R Morrison





REGISTERED OFFICE: 62 Abbeville Road
Clapham
London
SW4 9NE





REGISTERED NUMBER: 05402449 (England and Wales)





ACCOUNTANTS: Rothman Pantall LLP
Chartered Accountants
Fareham House
69 High Street
Fareham
Hampshire
PO16 7BB
Page 1
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
XSYSTEMS LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and
the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of xSystems Limited for the year ended 31st March 2017 which comprise the Income Statement,
Balance Sheet and the related notes from the company's accounting records and from information and explanations you
have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of xSystems Limited in accordance with the terms of our engagement letter dated 18th April 2012. Our work has been undertaken solely to prepare for your approval the financial statements of xSystems Limited and state those matters that we have agreed to state to the director of xSystems Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than xSystems Limited director for our work or for this report.

It is your duty to ensure that xSystems Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of xSystems Limited. You consider that xSystems Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of xSystems Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rothman Pantall LLP
Chartered Accountants
Fareham House
69 High Street
Fareham
Hampshire
PO16 7BB


20th December 2017

This page does not form part of the statutory financial statements

Page 2
XSYSTEMS LIMITED (REGISTERED NUMBER: 05402449)

BALANCE SHEET
31ST MARCH 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 393 -

CURRENT ASSETS
Debtors 5 12,665 4,609
Prepayments and accrued income - 11,400
Cash at bank 6,001 16,300
18,666 32,309
CREDITORS
Amounts falling due within one year 6 18,977 32,306
NET CURRENT (LIABILITIES)/ASSETS (311 ) 3
TOTAL ASSETS LESS CURRENT
LIABILITIES
82
3

PROVISIONS FOR LIABILITIES 79 -
NET ASSETS 3 3

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 2 2
SHAREHOLDERS' FUNDS 3 3

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director on 18th December 2017 and were signed by:





R Morrison - Director


The notes on pages 4 to 5 form part of these financial statements

Page 3
XSYSTEMS LIMITED (REGISTERED NUMBER: 05402449)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2017


1. STATUTORY INFORMATION

xSystems 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 587
At 31st March 2017 587
DEPRECIATION
Charge for year 194
At 31st March 2017 194
NET BOOK VALUE
At 31st March 2017 393

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other debtors 12,665 4,609

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Taxation and social security 17,583 28,524
Other creditors 1,394 3,782
18,977 32,306

Page 4
XSYSTEMS LIMITED (REGISTERED NUMBER: 05402449)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2017


7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2017 and
31st March 2016:

2017 2016
£    £   
R Morrison
Balance outstanding at start of year (639 ) 7,322
Amounts advanced 82,058 77,864
Amounts repaid (73,363 ) (85,825 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,056 (639 )

8. ULTIMATE CONTROLLING PARTY

Mr R Morrison owns 100% of the issued share capital.

Page 5