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
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
X-CMO LTD
Statement of financial position
as at 31 July 2023
Tangible assets
3,123
4,274
Cash at bank and in hand
15,770
25,057
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
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
X-CMO LTD
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 July 2023
265
7,445
7,710
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
At 31 July 2023
170
2,953
3,123
At 31 July 2022
212
4,062
4,274
Amounts falling due within one year
Trade debtors
5,762
25,763
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
Taxes and social security
5,403
5,894
Loans from directors
394
3,239
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).