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Company Registration No. 11455249 (England and Wales)
X-CMO LTD Unaudited accounts for the year ended 31 July 2023
X-CMO LTD Unaudited accounts Contents
Page
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X-CMO LTD Company Information for the year ended 31 July 2023
Directors
Simon Michael Vincent Lauren Emilia Vincent
Company Number
11455249 (England and Wales)
Registered Office
25 PENHALE ROAD FALMOUTH CORNWALL TR11 5UZ
Accountants
Michael Biglin Biglin Lowe Accountants Ltd Bosnoweth Budock Water Cornwall TR11 5PE
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X-CMO LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,123 
4,274 
Current assets
Debtors
5,762 
25,763 
Cash at bank and in hand
15,770 
25,057 
21,532 
50,820 
Creditors: amounts falling due within one year
(14,367)
(17,981)
Net current assets
7,165 
32,839 
Total assets less current liabilities
10,288 
37,113 
Creditors: amounts falling due after more than one year
(11,559)
(17,257)
Net (liabilities)/assets
(1,271)
19,856 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(1,273)
19,854 
Shareholders' funds
(1,271)
19,856 
For the year ending 31 July 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 4 March 2024 and were signed on its behalf by
Simon Michael Vincent Director Company Registration No. 11455249
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X-CMO LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
X-CMO LTD is a private company, limited by shares, registered in England and Wales, registration number 11455249. The registered office is 25 PENHALE ROAD, FALMOUTH, CORNWALL, TR11 5UZ.
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
20% Reducing balance
Computer equipment
3yr Straight line
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
265 
6,093 
6,358 
Additions
- 
1,352 
1,352 
At 31 July 2023
265 
7,445 
7,710 
Depreciation
At 1 August 2022
53 
2,031 
2,084 
Charge for the year
42 
2,461 
2,503 
At 31 July 2023
95 
4,492 
4,587 
Net book value
At 31 July 2023
170 
2,953 
3,123 
At 31 July 2022
212 
4,062 
4,274 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,762 
25,763 
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X-CMO LTD Notes to the Accounts for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,893 
5,750 
VAT
2,677 
2,784 
Taxes and social security
5,403 
5,894 
Other creditors
- 
314 
Loans from directors
394 
3,239 
14,367 
17,981 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
11,559 
17,257 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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