Eexxss Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03104758 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Eexxss Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P C Brain

REGISTERED OFFICE:

Keepers West Park Road

Newchapel

Lingfield

Surrey

RH7 6HT

REGISTERED NUMBER:

03104758 (England and Wales)

ACCOUNTANTS:

Cerberus Tax Consulting Limited

Kemp House

152 City Road

London

EC1V 2NX

FIXED ASSETS

Tangible assets

3

2,829

3,357

CURRENT ASSETS

Stocks

15,000

21,000

Debtors

4

11,899

50

Cash at bank and in hand

11,464

54,066

38,363

75,116

CREDITORS

Amounts falling due within one year

5

159,912

213,516

NET CURRENT LIABILITIES

(121,549

)

(138,400

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(118,720

)

(135,043

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(118,820

)

(135,143

)

SHAREHOLDERS' FUNDS

(118,720

)

(135,043

)

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 20 December 2018 and were signed on its behalf by:

P C Brain - Director

1.	STATUTORY INFORMATION

Eexxss 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

-

20% 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.

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.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

15,904

Additions

239

At 31 March 2018

16,143

DEPRECIATION

At 1 April 2017

12,547

Charge for year

767

At 31 March 2018

13,314

NET BOOK VALUE

At 31 March 2018

2,829

At 31 March 2017

3,357

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

6,713

-

Other debtors

5,186

50

11,899

50

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

12,384

9,951

Other creditors

147,528

203,565

159,912

213,516

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2018 and the period

ended 31 March 2017:

31.3.18

31.3.17

£

£

P C Brain

Balance outstanding at start of year

(176,532

)

(160,395

)

Amounts advanced

35,150

8,963

Amounts repaid

(3,420

)

(25,100

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(144,802

)

(176,532

)

The loan is interest free.

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P C Brain.

8.	GOING CONCERN

At the balance sheet date, there was a deficiency of net current assets of £118,720 (2017 : £135,043). The director

has confirmed continued support and considers the company to retain sufficient working capital to continue trading

for the foreseeable future.