1 February 2022 false Taxfiler 2023.9.1 10593363business:PrivateLimitedCompanyLtd2022-02-012023-01-31 105933632022-01-31 105933632022-02-012023-01-31 10593363business:AuditExemptWithAccountantsReport2022-02-012023-01-31 10593363business:FilletedAccounts2022-02-012023-01-31 105933632023-01-31 10593363business:Director12022-02-012023-01-31 10593363business:Director42022-02-012023-01-31 10593363business:RegisteredOffice2022-02-012023-01-31 105933632022-01-31 10593363core:WithinOneYear2023-01-31 10593363core:WithinOneYear2022-01-31 10593363core:AfterOneYear2023-01-31 10593363core:AfterOneYear2022-01-31 10593363core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 10593363core:ShareCapitalcore:PreviouslyStatedAmount2022-01-31 10593363core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 10593363core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-01-31 10593363core:PreviouslyStatedAmount2023-01-31 10593363core:PreviouslyStatedAmount2022-01-31 10593363business:SmallEntities2022-02-012023-01-31 10593363countries:EnglandWales2022-02-012023-01-31 10593363core:PlantMachinery2022-02-012023-01-31 10593363core:MotorVehicles2022-02-012023-01-31 10593363core:ComputerEquipment2022-02-012023-01-31 10593363core:PlantMachinery2022-01-31 10593363core:MotorVehicles2022-01-31 10593363core:ComputerEquipment2022-01-31 10593363core:PlantMachinery2023-01-31 10593363core:MotorVehicles2023-01-31 10593363core:ComputerEquipment2023-01-31 10593363business:OrdinaryShareClass12022-02-012023-01-31 10593363business:OrdinaryShareClass12021-02-012022-01-31 105933632021-02-012022-01-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 10593363 (England and Wales)
X LINE SYSTEMS LTD Unaudited accounts for the year ended 31 January 2023
X LINE SYSTEMS LTD Unaudited accounts Contents
Page
- 2 -
X LINE SYSTEMS LTD Company Information for the year ended 31 January 2023
Directors
James Charles Daykin Emma Claire Haigh
Company Number
10593363 (England and Wales)
Registered Office
UNIT 2B EAGLE ROAD QUARRY HILL INDUSTRIAL ESTATE ILKESTON DERBYSHIRE DE7 4RB ENGLAND
Accountants
Sajjad Hussain Unit 46, Nottingham Business Centres Lenton Boulevard Nottingham NG7 2BY
- 3 -
X LINE SYSTEMS LTD Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
59,808 
5,152 
Current assets
Inventories
60,000 
60,000 
Debtors
10,697 
2,625 
Cash at bank and in hand
92,585 
75,270 
163,282 
137,895 
Creditors: amounts falling due within one year
(35,005)
(81,080)
Net current assets
128,277 
56,815 
Total assets less current liabilities
188,085 
61,967 
Creditors: amounts falling due after more than one year
(20,334)
- 
Net assets
167,751 
61,967 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
167,651 
61,867 
Shareholders' funds
167,751 
61,967 
For the year ending 31 January 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by
James Charles Daykin Director Company Registration No. 10593363
- 4 -
X LINE SYSTEMS LTD Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
X LINE SYSTEMS LTD is a private company, limited by shares, registered in England and Wales, registration number 10593363. The registered office is UNIT 2B EAGLE ROAD, QUARRY HILL INDUSTRIAL ESTATE, ILKESTON, DERBYSHIRE, DE7 4RB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line
Motor vehicles
20% Straight line
Computer equipment
25% Straight line
- 5 -
X LINE SYSTEMS LTD Notes to the Accounts for the year ended 31 January 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2022
2,215 
21,295 
8,150 
31,660 
Additions
- 
69,540 
1,301 
70,841 
Disposals
- 
(21,295)
- 
(21,295)
At 31 January 2023
2,215 
69,540 
9,451 
81,206 
Depreciation
At 1 February 2022
1,039 
19,698 
5,771 
26,508 
Charge for the year
554 
12,963 
1,071 
14,588 
On disposals
- 
(19,698)
- 
(19,698)
At 31 January 2023
1,593 
12,963 
6,842 
21,398 
Net book value
At 31 January 2023
622 
56,577 
2,609 
59,808 
At 31 January 2022
1,176 
1,597 
2,379 
5,152 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,642 
- 
Accrued income and prepayments
3,055 
2,625 
10,697 
2,625 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
24,784 
24,357 
Obligations under finance leases and hire purchase contracts
13,693 
- 
Trade creditors
49,770 
20,554 
Taxes and social security
(55,362)
26,018 
Loans from directors
- 
8,751 
Accruals
2,120 
1,400 
35,005 
81,080 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
20,334 
- 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
- 6 -
X LINE SYSTEMS LTD Notes to the Accounts for the year ended 31 January 2023
9
Average number of employees
During the year the average number of employees was 10 (2022: 10).
- 7 -