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Company Registration No. 11338658 (England and Wales)
X Digital Media Ltd Unaudited accounts for the year ended 31 May 2023
X Digital Media Ltd Unaudited accounts Contents
Page
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X Digital Media Ltd Company Information for the year ended 31 May 2023
Directors
CORKER, Graeme WILLIAMS, Jason
Secretary
Jason Williams
Company Number
11338658 (England and Wales)
Registered Office
2ND FLOOR THE COURTYARD LOCH STREET RUNCORN CHESHIRE WA7 1JA ENGLAND
Accountants
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY
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X Digital Media Ltd Accountants' report
Accountants' report to the board of directors of X Digital Media Ltd on the preparation of the unaudited statutory accounts for the year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of X Digital Media Ltd for the year ended 31 May 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of X Digital Media Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of X Digital Media Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than X Digital Media Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that X Digital Media Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of X Digital Media Ltd. You consider that X Digital Media Ltd 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 accounts of X Digital Media Ltd. 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 accounts.
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY 21 February 2024
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X Digital Media Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,265 
1,744 
Current assets
Debtors
63,450 
77,872 
Cash at bank and in hand
14,566 
42,950 
78,016 
120,822 
Creditors: amounts falling due within one year
(128,843)
(142,305)
Net current liabilities
(50,827)
(21,483)
Total assets less current liabilities
(49,562)
(19,739)
Creditors: amounts falling due after more than one year
(36,805)
(28,396)
Net liabilities
(86,367)
(48,135)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(86,369)
(48,137)
Shareholders' funds
(86,367)
(48,135)
For the year ending 31 May 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 21 February 2024 and were signed on its behalf by
WILLIAMS, Jason Director Company Registration No. 11338658
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X Digital Media Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
X Digital Media Ltd is a private company, limited by shares, registered in England and Wales, registration number 11338658. The registered office is 2ND FLOOR THE COURTYARD, LOCH STREET, RUNCORN, CHESHIRE, WA7 1JA, ENGLAND.
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
33% Straight Line
Computer equipment
33% Straight Line
Going concern
The accounts have been prepared on the going concern basis, as the Directors have confirmed that the company will be a going concern for the foreseeable future and have forecasts to support this. They are projected to make a profit in the financial year ended 31 May 2024 and have a strong pipeline of sales.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
20,196 
- 
20,196 
Additions
- 
1,532 
1,532 
At 31 May 2023
20,196 
1,532 
21,728 
Depreciation
At 1 June 2022
18,452 
- 
18,452 
Charge for the year
1,656 
355 
2,011 
At 31 May 2023
20,108 
355 
20,463 
Net book value
At 31 May 2023
88 
1,177 
1,265 
At 31 May 2022
1,744 
- 
1,744 
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X Digital Media Ltd Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
60,953 
75,852 
Accrued income and prepayments
2,317 
1,620 
Other debtors
180 
400 
63,450 
77,872 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,986 
- 
VAT
4,833 
11,552 
Trade creditors
72,868 
54,856 
Taxes and social security
1,370 
3,395 
Other creditors
34,730 
64,146 
Loans from directors
11,056 
8,356 
128,843 
142,305 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
36,805 
28,396 
8
Average number of employees
During the year the average number of employees was 6 (2022: 5).
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