XN LIMITED - Accounts

XN LIMITED - Accounts

XN LIMITED - Company Information

Print Friendly Version

2016-04-01 2017-03-31 false Capium Accounts Production 1.1 05852663 bus:AbridgedAccounts 2016-04-01 2017-03-31 05852663 bus:FRS102 2016-04-01 2017-03-31 05852663 bus:AuditExemptWithAccountantsReport 2016-04-01 2017-03-31 05852663 bus:SmallCompaniesRegimeForAccounts 2016-04-01 2017-03-31 05852663 bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31 05852663 2016-04-01 2017-03-31 05852663 2017-03-31 05852663 bus:RegisteredOffice 2016-04-01 2017-03-31 05852663 core:WithinOneYear 2017-03-31 05852663 core:AfterOneYear 2017-03-31 05852663 bus:Director1 2016-04-01 2017-03-31 05852663 bus:Director1 2017-03-31 05852663 bus:Director1 2015-04-01 2016-03-31 05852663 2015-04-01 05852663 bus:CompanySecretary1 2016-04-01 2017-03-31 05852663 bus:LeadAgentIfApplicable 2016-04-01 2017-03-31 05852663 2015-04-01 2016-03-31 05852663 2016-03-31 05852663 core:WithinOneYear 2016-03-31 05852663 core:AfterOneYear 2016-03-31 05852663 bus:EntityAccountantsOrAuditors 2015-04-01 2016-03-31 05852663 bus:OrdinaryShareClass1 2016-04-01 2017-03-31 05852663 bus:OrdinaryShareClass1 2017-03-31 05852663 bus:OrdinaryShareClass1 2015-04-01 2016-03-31 05852663 bus:OrdinaryShareClass1 2016-03-31 05852663 core:PlantMachinery 2016-04-01 2017-03-31 05852663 core:PlantMachinery 2017-03-31 05852663 core:PlantMachinery 2016-03-31 05852663 core:FurnitureFittings 2016-04-01 2017-03-31 05852663 core:FurnitureFittings 2017-03-31 05852663 core:FurnitureFittings 2016-03-31 05852663 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2017-03-31 05852663 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2016-03-31 05852663 core:NetGoodwill 2016-04-01 2017-03-31 05852663 core:NetGoodwill 2017-03-31 05852663 core:NetGoodwill 2016-03-31 05852663 core:CostValuation core:Non-currentFinancialInstruments 2017-03-31 05852663 core:CostValuation core:Non-currentFinancialInstruments 2016-03-31 05852663 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2017-03-31 05852663 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2017-03-31 05852663 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2017-03-31 05852663 core:Non-currentFinancialInstruments 2017-03-31 05852663 core:Non-currentFinancialInstruments 2016-03-31 05852663 core:ShareCapital 2017-03-31 05852663 core:ShareCapital 2016-03-31 05852663 core:RetainedEarningsAccumulatedLosses 2017-03-31 05852663 core:RetainedEarningsAccumulatedLosses 2016-03-31 05852663 dpl:Item1 2016-04-01 05852663 dpl:Item1 2017-03-31 05852663 dpl:Item1 2015-04-01 05852663 dpl:Item1 2016-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number : 05852663
England and Wales

 

 

 

XN LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2016

End date: 31 March 2017

XN LIMITED
Contents Page
For the year ended 31 March 2017
As described in the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 March 2017 and you consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.



....................................................
Smith & Brown Accountants
43 High Street
Uppermill
Oldham
OL3 6HS
30 December 2017
1
 
 		 Notes
 		 2017
£		   2016
£
Fixed assets      
Tangible fixed assets 3 61,389    69,916 
61,389    69,916 
Current assets      
Debtors 1,223    19,213 
Cash at bank and in hand 20,313    5,372 
21,536    24,585 
Creditors: amount falling due within one year (1,485)   (21,326)
Net current assets 20,051    3,259 
 
Total assets less current liabilities 81,440    73,175 
Creditors: amount falling due after more than one year (99,518)   (122,518)
Net assets (18,078)   (49,343)
 

Capital and reserves 		     
Called up share capital 4 100    100 
Profit and loss account (18,178)   (49,443)
Shareholders funds (18,078)   (49,343)
 


For the year ended 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. 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
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The members have agreed to the preparation of abridged accounts.
Signed on behalf of the board of directors


--------------------------------
Rupert Wolgram
Director

Date approved by the board: 30 December 2017
2
Statutory Information
XN LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 05852663.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 5 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 20% Straight Line
Plant and Machinery 20% Straight Line
2.

Intangible fixed assets

Cost or Valuation Goodwill   Total
  £   £
At 01 April 2016 120,000    120,000 
Additions -    - 
Disposals -    - 
At 31 March 2017 120,000    120,000 
Amortisation
At 01 April 2016 120,000    120,000 
Charge for year -    - 
On disposals -    - 
At 31 March 2017 120,000    120,000 
Net book values
At 31 March 2017 -    - 
At 31 March 2016 -    - 


3.

Tangible fixed assets

Cost or Valuation Plant and Machinery   Fixtures and Fittings   Total
  £   £   £
At 01 April 2016 63,649    190,074    253,723 
Additions 6,819    -    6,819 
Disposals -    -    - 
At 31 March 2017 70,468    190,074    260,542 
Depreciation
At 01 April 2016 12,729    171,078    183,807 
Charge for year 11,548    3,798    15,346 
On disposals -    -    - 
At 31 March 2017 24,277    174,876    199,153 
Net book values
Closing balance as at 31 March 2017 46,191    15,198    61,389 
Opening balance as at 01 April 2016 50,920    18,996    69,916 


4.

Share Capital

Authorised
100 Class A shares of £1.00 each

Allotted
2017
£		   2016
£
100 Class A shares of £1.00 each 100    100 
100    100 

3