Xeli Promotions Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 06015075 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2017

FOR

XELI PROMOTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A James

Mrs C P Pope

S J Preston FCA

SECRETARY:

Mrs C P Pope

REGISTERED OFFICE:

The Old Stables, Ilex Farm

Handley Lane

Handley, Clay Cross

Chesterfield

Derbyshire

S45 9AT

REGISTERED NUMBER:

06015075 (England and Wales)

ACCOUNTANTS:

Prestons Chartered Accountants

The Old Stables

Ilex Farm

Handley, Clay Cross

Chesterfield

Derbyshire

S45 9AT

FIXED ASSETS

Tangible assets

4

1,096

1,289

CURRENT ASSETS

Debtors

5

10,434

9,836

Prepayments and accrued income

200

200

Cash at bank

3,078

8,680

13,712

18,716

CREDITORS

Amounts falling due within one year

6

23,059

29,038

NET CURRENT LIABILITIES

(9,347

)

(10,322

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(8,251

)

(9,033

)

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Retained earnings

(13,251

)

(14,033

)

SHAREHOLDERS' FUNDS

(8,251

)

(9,033

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 31 August 2018 and were signed on its behalf by:

A James - Director

Mrs C P Pope - Director

1.	STATUTORY INFORMATION

Xeli Promotions 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.

Tangible fixed assets

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

Plant and machinery etc

-

15% 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2016

and 30 November 2017

2,019

DEPRECIATION

At 1 December 2016

730

Charge for year

193

At 30 November 2017

923

NET BOOK VALUE

At 30 November 2017

1,096

At 30 November 2016

1,289

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Amounts owed by group undertakings

6,542

6,542

Other debtors

3,892

3,294

10,434

9,836

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

200

200

Trade creditors

(58

)

656

Other creditors

22,917

28,182

23,059

29,038