Xander Trading Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: SC483837 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Xander Trading Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J S Beck

Mrs L Beck

REGISTERED OFFICE:

145 St Vincent Street

Glasgow

G2 5JF

REGISTERED NUMBER:

SC483837 (Scotland)

ACCOUNTANTS:

McLay McAlister & McGibbon LLP

Chartered Accountants

145 St Vincent Street

Glasgow

G2 5JF

FIXED ASSETS

Tangible assets

4

2,243

2,847

CURRENT ASSETS

Stocks

3,000

3,000

Debtors

5

7,061

9,900

Cash at bank and in hand

2,687

3,638

12,748

16,538

CREDITORS

Amounts falling due within one year

6

(28,540

)

(14,085

)

NET CURRENT (LIABILITIES)/ASSETS

(15,792

)

2,453

TOTAL ASSETS LESS CURRENT LIABILITIES

(13,549

)

5,300

CREDITORS

Amounts falling due after more than one year

7

-

(5,084

)

PROVISIONS FOR LIABILITIES

(426

)

-

NET (LIABILITIES)/ASSETS

(13,975

)

216

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(13,977

)

214

SHAREHOLDERS' FUNDS

(13,975

)

216

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 10 June 2018 and were signed on its behalf by:

J S Beck - Director

1.	STATUTORY INFORMATION

Xander Trading Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

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

moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Transition to frs 102

These financial statements for the year ended 31 March 2017 are the first financial statements that comply with

FRS 102 Section 1A small entities. The date of transition is 1 April 2015. There has been no material impact on

the financial statements of the company following this transition.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2017 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2017

and 31 March 2018

3,969

607

546

5,122

DEPRECIATION

At 1 April 2017

1,540

351

384

2,275

Charge for year

486

64

54

604

At 31 March 2018

2,026

415

438

2,879

NET BOOK VALUE

At 31 March 2018

1,943

192

108

2,243

At 31 March 2017

2,429

256

162

2,847

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Prepayments

7,061

9,900

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans and overdrafts

5,084

4,975

Taxation and social security

-

3,465

Other creditors

23,456

5,645

28,540

14,085

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans

-

5,084

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.18

31.3.17

£

£

Bank loans

5,084

10,059

The Directors have a personal guarantee over the above Company bank borrowings.

9.	RELATED PARTY DISCLOSURES

Included in Creditors is a loan of £21,642 (2017: £3,673) which is due to J Beck & L Beck. The loan is interest

free and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The company is under the control of Mr J Beck & Mrs L Beck, who jointly own 100% of the issued share

capital.