X.COMMUNICATIONS LIMITED

Company Registration Number:
02139995 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 31 December 2021

End date: 31 December 2022

X.COMMUNICATIONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

X.COMMUNICATIONS LIMITED

Balance sheet

As at 31 December 2022


Notes

2022

2021


£

£
Fixed assets
Intangible assets: 3 0 21,023
Tangible assets: 4 110,050 109,035
Investments: 5 2 2
Total fixed assets: 110,052 130,060
Current assets
Debtors: 6 328,289 214,061
Cash at bank and in hand: 114,673 134,172
Total current assets: 442,962 348,233
Creditors: amounts falling due within one year: 7 (260,917) (319,621)
Net current assets (liabilities): 182,045 28,612
Total assets less current liabilities: 292,097 158,672
Creditors: amounts falling due after more than one year: 8 (221,427)
Provision for liabilities: (12,400) (11,600)
Total net assets (liabilities): 58,270 147,072
Capital and reserves
Called up share capital: 10,010 10,010
Profit and loss account: 48,260 137,062
Shareholders funds: 58,270 147,072

The notes form part of these financial statements

X.COMMUNICATIONS LIMITED

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 September 2023
and signed on behalf of the board by:

Name: Mr I Smith
Status: Director

The notes form part of these financial statements

X.COMMUNICATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

X.COMMUNICATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 2021
Average number of employees during the period 17 13

X.COMMUNICATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Intangible Assets

Total
Cost £
At 31 December 2021 45,550
At 31 December 2022 45,550
Amortisation
At 31 December 2021 24,527
Charge for year 21,023
At 31 December 2022 45,550
Net book value
At 31 December 2022 0
At 30 December 2021 21,023

X.COMMUNICATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Tangible Assets

Total
Cost £
At 31 December 2021 190,261
Additions 65,870
At 31 December 2022 256,131
Depreciation
At 31 December 2021 81,226
Charge for year 64,855
At 31 December 2022 146,081
Net book value
At 31 December 2022 110,050
At 30 December 2021 109,035

X.COMMUNICATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Fixed investments

Purchase of 1 £1 ordinary share in Linebroker Limited. X.COMMunications Limited owns 100% of the share capital of Linebroker Limited. Line broker Limited was a dormant company as at 31 December 2022. Purchase of 1 £1 ordinary share in X.COMM Limited. X.COMMunications Limited owns 100% of the share capital of X.COMM Limited. X.COMM Limited was a dormant company as at 31 December 2022.

X.COMMUNICATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Debtors

2022 2021
££
Debtors due after more than one year: 0 0

X.COMMUNICATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

7. Creditors: amounts falling due within one year note

Creditors; amounts falling due within one year 2022 £ 260,917 2021 £ 319,621

X.COMMUNICATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

8. Creditors: amounts falling due after more than one year note

Creditors:amounts falling due within one year 2022 £ 221,427 2021 £ Nil.

X.COMMUNICATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

9. Related party transactions

X.COMMunications Limited is a wholly owned subsidiary of Gin Telecom Limited. The controlling party of Gin Telecom Limited is Mr J. Dowbiggin.