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Company Registration No. 09675835 (England and Wales)
Xavio Design Limited Unaudited accounts for the year ended 31 December 2023
Xavio Design Limited Unaudited accounts Contents
Page
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Xavio Design Limited Company Information for the year ended 31 December 2023
Directors
Bruce Reynolds Nicholas Reynolds Susan Reynolds
Company Number
09675835 (England and Wales)
Registered Office
Lechtal House, Borovere Business Park Borovere Lane Alton Hampshire GU34 1FH England
Accountants
M A Accountancy Group Wolfe Mead Farnham Road Bordon Hampshire GU35 0NH
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Xavio Design Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
39,355 
40,516 
Tangible assets
13,750 
12,279 
53,105 
52,795 
Current assets
Inventories
3,364 
4,033 
Debtors
210,251 
310,871 
Cash at bank and in hand
794,378 
681,671 
1,007,993 
996,575 
Creditors: amounts falling due within one year
(605,051)
(793,155)
Net current assets
402,942 
203,420 
Total assets less current liabilities
456,047 
256,215 
Provisions for liabilities
Deferred tax
(3,133)
(2,700)
Net assets
452,914 
253,515 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
452,904 
253,505 
Shareholders' funds
452,914 
253,515 
For the year ending 31 December 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 15 March 2024 and were signed on its behalf by
Nicholas Reynolds Director Company Registration No. 09675835
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Xavio Design Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Xavio Design Limited is a private company, limited by shares, registered in England and Wales, registration number 09675835. The registered office is Lechtal House, Borovere Business Park, Borovere Lane, Alton, Hampshire, GU34 1FH, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Land & buildings
20% SL
Fixtures & fittings
25% SL
Computer equipment
Mobile Phones - 50% SL, Computer equipment - 33% SL
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation at the following rates in order to write off the assets over their estimated useful lives: Website - 33% SL Software - 20% SL
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Xavio Design Limited Notes to the Accounts for the year ended 31 December 2023
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Material deferred tax is provided on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
60,711 
Additions
10,202 
At 31 December 2023
70,913 
Amortisation
At 1 January 2023
20,195 
Charge for the year
11,363 
At 31 December 2023
31,558 
Net book value
At 31 December 2023
39,355 
At 31 December 2022
40,516 
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Xavio Design Limited Notes to the Accounts for the year ended 31 December 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
8,472 
65,857 
74,329 
Additions
- 
13,358 
13,358 
At 31 December 2023
8,472 
79,215 
87,687 
Depreciation
At 1 January 2023
8,472 
53,578 
62,050 
Charge for the year
- 
11,887 
11,887 
At 31 December 2023
8,472 
65,465 
73,937 
Net book value
At 31 December 2023
- 
13,750 
13,750 
At 31 December 2022
- 
12,279 
12,279 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
150,212 
272,204 
Accrued income and prepayments
25,291 
22,193 
Other debtors
34,748 
16,474 
210,251 
310,871 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
56,347 
50,532 
Taxes and social security
155,434 
155,526 
Other creditors
21,021 
1,965 
Accruals
88,956 
45,725 
Deferred income
283,293 
539,407 
605,051 
793,155 
8
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 December 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
- 
2,733 
Later than one year and not later than five years
- 
1,225 
- 
3,958 
9
Controlling party
The company is a wholly owned subsidiary of Lechtal Global Limited, a company registered in England. The registered office and trading address of the parent company is Lechtal House, Borovere Lane, Alton, GU34 1FH, UK.
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Xavio Design Limited Notes to the Accounts for the year ended 31 December 2023
10
Average number of employees
During the year the average number of employees was 20 (2022: 15).
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