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Company Registration No. 07960632 (England and Wales)
Xesso Limited Unaudited accounts for the year ended 28 February 2023
Xesso Limited Unaudited accounts Contents
Page
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Xesso Limited Company Information for the year ended 28 February 2023
Director
Omoyele Abisogun
Secretary
Olutayo Omoyele-Abisogun
Company Number
07960632 (England and Wales)
Registered Office
20-22 WENLOCK ROAD LONDON N1 7GU ENGLAND
Accountants
BCJ Accounting Limited 27 Church Hollow Purfleet Essex RM19 1QJ
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Xesso Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,711 
2,611 
Investments
48,256 
50,000 
49,967 
52,611 
Current assets
Debtors
21,541 
13,206 
Cash at bank and in hand
7,582 
7,581 
29,123 
20,787 
Creditors: amounts falling due within one year
(10,554)
(15,454)
Net current assets
18,569 
5,333 
Net assets
68,536 
57,944 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
68,535 
57,943 
Shareholders' funds
68,536 
57,944 
For the year ending 28 February 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 director acknowledges his 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 and authorised for issue on 20 June 2023 and were signed on its behalf by
Omoyele Abisogun Director Company Registration No. 07960632
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Xesso Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Xesso Limited is a private company, limited by shares, registered in England and Wales, registration number 07960632. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, 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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% straight line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2022
7,957 
At 28 February 2023
7,957 
Depreciation
At 1 March 2022
5,346 
Charge for the year
900 
At 28 February 2023
6,246 
Net book value
At 28 February 2023
1,711 
At 28 February 2022
2,611 
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Xesso Limited Notes to the Accounts for the year ended 28 February 2023
5
Investments
Other investments 
£ 
Valuation at 1 March 2022
50,000 
Fair value adjustments
(1,744)
Valuation at 28 February 2023
48,256 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
21,541 
13,206 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
10,554 
15,454 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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