Registered Number:13290758 |
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2023
X16 Systems Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
X16 Systems Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
1,345
1,863
2
1,345
1,863
Trade and other receivables |
71,848
71,085
3
1,114
Cash and cash equivalents |
373
71,458
72,962
Trade and other payables: amounts falling due within one |
year |
(74,706)
(71,659)
4
(1,744)
(201)
Net current liabilities
Total assets less current liabilities |
1,144
119
1,144
Net assets
119
100
100
1,044
19
1,144
119
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Lee Richard Thumwood Director |
These financial statements were approved and authorised for issue by the Board on 13 March 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2023
X16 Systems Ltd
Notes to the Financial Statements
Statutory Information
X16 Systems Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number |
13290758. |
Steward House, 14
Commercial Way
Woking
GU21 6ET
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard |
102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'', including the disclosure and |
presentation requirements of Section 1A, and the Companies Act 2006. These financial statements have been |
prepared under the historical cost convention. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Motor Vehicles
2. Property, plant and equipment |
Motor Vehicles
2,681
1,764
917
1,135
1,135
-
-
(687)
(687)
230
2,899
3,129
Provision for depreciation and impairment |
818
588
230
Charge for year
966
966
-
1,784
1,554
230
-
1,345
1,345
687
1,176
1,863
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For the year ended 31 March 2023
X16 Systems Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables |
2022
2023
9,263
12,177
61,822
59,671
71,848
71,085
4. Trade and other payables: amounts falling due within one year |
2022
2023
28,629
38,173
Taxation and social security |
36,632
36,533
6,398
-
71,659
74,706
5. Average number of persons employed |
During the year the average number of employees was 4 (2022 : 4)
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