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REGISTERED NUMBER: 09776157 (England and Wales)














Unaudited Financial Statements

for the Year Ended 28 February 2023

for

XSERVUS LIMITED

XSERVUS LIMITED (REGISTERED NUMBER: 09776157)

Contents of the Financial Statements
for the year ended 28 February 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


XSERVUS LIMITED

Company Information
for the year ended 28 February 2023







Director: D Card





Registered office: Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA





Registered number: 09776157 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
XServus Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of XServus Limited for the year ended 28 February 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of XServus Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of XServus Limited and state those matters that we have agreed to state to the director of XServus Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than XServus Limited and its director for our work or for this report.

It is your duty to ensure that XServus Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of XServus Limited. You consider that XServus Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of XServus Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA


22 December 2023

XSERVUS LIMITED (REGISTERED NUMBER: 09776157)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 14,017 11,253

Current assets
Debtors 5 38,452 27,116
Cash at bank 185,864 182,236
224,316 209,352
Creditors
Amounts falling due within one year 6 89,706 114,728
Net current assets 134,610 94,624
Total assets less current liabilities 148,627 105,877

Creditors
Amounts falling due after more than one
year

7

(16,963

)

(22,848

)

Provisions for liabilities (3,504 ) (2,137 )
Net assets 128,160 80,892

Capital and reserves
Called up share capital 8 1 1
Retained earnings 128,159 80,891
Shareholders' funds 128,160 80,892

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

XSERVUS LIMITED (REGISTERED NUMBER: 09776157)

Balance Sheet - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2023 and were signed by:





D Card - Director


XSERVUS LIMITED (REGISTERED NUMBER: 09776157)

Notes to the Financial Statements
for the year ended 28 February 2023


1. Statutory information

XServus Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. Whilst every attempt is made to ensure that the deferred tax is accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed off.

There is estimation uncertainty in calculating bad debt provisions. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

XSERVUS LIMITED (REGISTERED NUMBER: 09776157)

Notes to the Financial Statements - continued
for the year ended 28 February 2023


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

XSERVUS LIMITED (REGISTERED NUMBER: 09776157)

Notes to the Financial Statements - continued
for the year ended 28 February 2023


4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 March 2022 3,670 30,747 34,417
Additions - 7,437 7,437
At 28 February 2023 3,670 38,184 41,854
Depreciation
At 1 March 2022 2,237 20,927 23,164
Charge for year 358 4,315 4,673
At 28 February 2023 2,595 25,242 27,837
Net book value
At 28 February 2023 1,075 12,942 14,017
At 28 February 2022 1,433 9,820 11,253

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 29,713 22,775
Other debtors 8,739 4,341
38,452 27,116

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 5,885 5,740
Taxation and social security 20,564 37,581
Other creditors 63,257 71,407
89,706 114,728

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 16,963 22,848

XSERVUS LIMITED (REGISTERED NUMBER: 09776157)

Notes to the Financial Statements - continued
for the year ended 28 February 2023


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 0.000 1 1 1