1 July 2022 false No description of principal activity Taxfiler 2023.10 SC599886business:PrivateLimitedCompanyLtd2022-07-012023-06-30 SC5998862022-06-30 SC5998862022-07-012023-06-30 SC599886business:AuditExemptWithAccountantsReport2022-07-012023-06-30 SC599886business:FilletedAccounts2022-07-012023-06-30 SC5998862023-06-30 SC599886business:Director12022-07-012023-06-30 SC599886business:Director22022-07-012023-06-30 SC599886business:CompanySecretary12022-07-012023-06-30 SC599886business:RegisteredOffice2022-07-012023-06-30 SC5998862022-06-30 SC599886core:WithinOneYear2023-06-30 SC599886core:WithinOneYear2022-06-30 SC599886core:AfterOneYear2023-06-30 SC599886core:AfterOneYear2022-06-30 SC599886core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 SC599886core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 SC599886core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 SC599886core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 SC599886core:PreviouslyStatedAmount2023-06-30 SC599886core:PreviouslyStatedAmount2022-06-30 SC599886business:SmallEntities2022-07-012023-06-30 SC599886countries:Scotland2022-07-012023-06-30 SC599886core:PlantMachinery2022-07-012023-06-30 SC599886core:MotorVehicles2022-07-012023-06-30 SC599886core:FurnitureFittings2022-07-012023-06-30 SC599886core:ComputerEquipment2022-07-012023-06-30 SC599886core:Goodwill2022-06-30 SC599886core:IntangibleAssetsOtherThanGoodwill2022-06-30 SC599886core:Goodwill2023-06-30 SC599886core:IntangibleAssetsOtherThanGoodwill2023-06-30 SC599886core:Goodwill2022-07-012023-06-30 SC599886core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-30 SC599886core:ComputerEquipment2022-06-30 SC599886core:ComputerEquipment2023-06-30 SC599886core:MoreThanFiveYears2023-06-30 SC599886core:MoreThanFiveYears2022-06-30 SC599886business:OrdinaryShareClass12022-07-012023-06-30 SC599886business:OrdinaryShareClass12021-07-012022-06-30 SC5998862021-07-012022-06-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC599886 (Scotland)
XEITRESP LIMITED Unaudited accounts for the year ended 30 June 2023
XEITRESP LIMITED Unaudited accounts Contents
Page
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XEITRESP LIMITED Company Information for the year ended 30 June 2023
Directors
MUSTAFA, Paigham SOYOMBO, Olamide
Secretary
MUSTAFA, Paigham
Company Number
SC599886 (Scotland)
Registered Office
BERGEN CHAMBERS 68 CARDEN PLACE ABERDEEN AB10 1UL SCOTLAND
Accountants
Bergen Associates (Chartered Certified Accountants) Bergen Chambers 68 Carden Place West End Aberdeen AB10 1UL
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of XEITRESP LIMITED for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of XEITRESP LIMITED for the year ended 30 June 2023 as set out on pages 5 - 8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of XEITRESP LIMITED, as a body, in accordance with the terms of our engagement letter dated 1 July 2021. Our work has been undertaken solely to prepare for your approval the accounts of XEITRESP LIMITED and state those matters that we have agreed to state to the Board of Directors of XEITRESP LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than XEITRESP LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that XEITRESP LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of XEITRESP LIMITED. You consider that XEITRESP LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of XEITRESP LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Bergen Associates (Chartered Certified Accountants) Chartered Certified Accountants Bergen Chambers 68 Carden Place West End Aberdeen AB10 1UL 5 August 2023
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XEITRESP LIMITED Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
102,306 
127,882 
Tangible assets
1,242 
1,187 
103,548 
129,069 
Current assets
Debtors
24,678 
20,982 
Cash at bank and in hand
(41,950)
425 
(17,272)
21,407 
Creditors: amounts falling due within one year
(69,324)
(64,983)
Net current liabilities
(86,596)
(43,576)
Total assets less current liabilities
16,952 
85,493 
Creditors: amounts falling due after more than one year
(31,191)
(105,078)
Net liabilities
(14,239)
(19,585)
Capital and reserves
Called up share capital
60 
60 
Profit and loss account
(14,299)
(19,645)
Shareholders' funds
(14,239)
(19,585)
For the year ending 30 June 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 6 August 2023 and were signed on its behalf by
MUSTAFA, Paigham Director Company Registration No. SC599886
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XEITRESP LIMITED Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
XEITRESP LIMITED is a private company, limited by shares, registered in Scotland, registration number SC599886. The registered office is BERGEN CHAMBERS, 68 CARDEN PLACE, ABERDEEN, AB10 1UL, SCOTLAND.
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.
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% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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XEITRESP LIMITED Notes to the Accounts for the year ended 30 June 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Investments
Investments in shares are included at fair value.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 July 2022
145,600 
2,967 
148,567 
At 30 June 2023
145,600 
2,967 
148,567 
Amortisation
At 1 July 2022
20,438 
247 
20,685 
Charge for the year
25,032 
544 
25,576 
At 30 June 2023
45,470 
791 
46,261 
Net book value
At 30 June 2023
100,130 
2,176 
102,306 
At 30 June 2022
125,162 
2,720 
127,882 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2022
3,123 
Additions
366 
At 30 June 2023
3,489 
Depreciation
At 1 July 2022
1,936 
Charge for the year
311 
At 30 June 2023
2,247 
Net book value
At 30 June 2023
1,242 
At 30 June 2022
1,187 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
24,678 
20,982 
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XEITRESP LIMITED Notes to the Accounts for the year ended 30 June 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
7,208 
11,752 
VAT
22,995 
18,948 
Trade creditors
4,455 
19,731 
Amounts owed to group undertakings and other participating interests
- 
(2,350)
Taxes and social security
29,449 
4,000 
Other creditors
3,284 
3,000 
Loans from directors
1,933 
9,902 
69,324 
64,983 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
31,191 
60,078 
Other creditors
- 
45,000 
31,191 
105,078 
Aggregate of amounts that fall due for payment after five years
- 
105,078 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
60 Ordinary shares of £1 each
60 
60 
10
Average number of employees
During the year the average number of employees was 10 (2022: 11).
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