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Registration number: 12679896

Report of the Director and


Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2023

for
 

X-Lok Ltd

 

X-Lok Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

X-Lok Ltd

Company Information

Director:

D Robinson

Registered office:

Savoy House
Savoy Circus
London
W3 7DA

Registered number:

12679896

Accountants:

Wem & Co
Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA

 

X-Lok Ltd

(Registration number: 12679896)
Balance Sheet as at 30 June 2023

Note

30.06.23

30.06.22

   

£

£

£

£

CURRENT ASSETS

   

 

Debtors

4

 

45

 

41

Cash at bank and in hand

   

1,972

 

401

   

2,017

 

442

CREDITORS

   

 

Creditors within 1yr

5

 

238,144

 

137,317

Net liabilities

   

(236,127)

 

(136,875)

CAPITAL AND RESERVES

   

 

Called up share capital

 

1,650

 

1,650

Profit and loss account

 

(237,777)

 

(138,525)

Shareholders' deficit

   

(236,127)

 

(136,875)

For the financial 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.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 February 2024
 

.........................................
D Robinson
Director

 

X-Lok Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1.

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
England

2.

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis on the understanding that the director will continue to support the business for at least 12 months from the date of signing the financial statements.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

X-Lok Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023 (continued)

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3.

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

4.

Debtors

Current

30.06.23
£

30.06.22
£

Other debtors

45

41

 

45

41

5.

Creditors

Creditors: amounts falling due within one year

30.06.23
£

30.06.22
£

Due within one year

Trade creditors

3,900

31,688

Accruals and deferred income

3,000

2,000

Other creditors

231,244

103,629

238,144

137,317