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Draft
X16 Systems Ltd
Registered Number:13290758
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 31 March 2023
X16 Systems Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Draft
Registered Number :
13290758
As at 31 March 2023
X16 Systems Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
1,345
1,863
2
1,345
1,863
Current assets
Trade and other receivables
71,848
71,085
3
1,114
Cash and cash equivalents
373
71,458
72,962
Trade and other payables: amounts falling due within one
year
(74,706)
(71,659)
4
(1,744)
(201)
Net current liabilities
Total assets less current liabilities
1,144
119
1,144
Net assets
119
Capital and reserves
Called up share capital
100
100
Retained earnings
1,044
19
1,144
119
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Lee Richard Thumwood Director
These financial statements were approved and authorised for issue by the Board on 13 March 2024 and were signed by:
The notes form part of these financial statements
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4
Draft
For the year ended 31 March 2023
X16 Systems Ltd
Notes to the Financial Statements
Statutory Information
X16 Systems Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
13290758.
Registered address:
Steward House, 14
Commercial Way
Woking
GU21 6ET
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard
102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'', including the disclosure and
presentation requirements of Section 1A, and the Companies Act 2006. These financial statements have been
prepared under the historical cost convention.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25 Straight line
33.33 Straight line
Computer Equipment
25 Straight line
Motor Vehicles
2. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
£
£
£
Cost or
valuation
At 01 April 2022
2,681
1,764
917
1,135
1,135
-
Additions
-
(687)
Disposals
(687)
At 31 March 2023
230
2,899
3,129
Provision for depreciation and impairment
At 01 April 2022
818
588
230
Charge for year
966
966
-
At 31 March 2023
1,784
1,554
230
At 31 March 2023
Net book value
-
1,345
1,345
At 31 March 2022
687
1,176
1,863
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5
Draft
For the year ended 31 March 2023
X16 Systems Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2022
2023
£
£
Trade debtors
9,263
12,177
Other debtors
61,822
59,671
71,848
71,085
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
28,629
38,173
Taxation and social security
36,632
36,533
Other creditors
6,398
-
71,659
74,706
5. Average number of persons employed
During the year the average number of employees was 4 (2022 : 4)
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