Company Registration No. 10045713 (England and Wales)
X2ABX Limited
Unaudited accounts
for the year ended 31 March 2024
X2ABX Limited
Unaudited accounts
Contents
X2ABX Limited
Company Information
for the year ended 31 March 2024
Company Number
10045713 (England and Wales)
Registered Office
Unit 7B, Manor Business Park
Grants Hill Way, Woodford Halse
Daventry
NN11 3UB
Accountants
Accounts and Returns Ltd
26 Smith St
Warwick
CV34 4HS
X2ABX Limited
Statement of financial position
as at 31 March 2024
Tangible assets
11,974
11,974
Inventories
80,000
120,000
Cash at bank and in hand
2,789
44,210
Creditors: amounts falling due within one year
(231,859)
(197,949)
Net current liabilities
(149,063)
(33,021)
Total assets less current liabilities
(137,089)
(21,047)
Creditors: amounts falling due after more than one year
(27,537)
(31,667)
Net liabilities
(164,626)
(52,714)
Called up share capital
100
100
Profit and loss account
(164,726)
(52,814)
Shareholders' funds
(164,626)
(52,714)
For the year ending 31 March 2024 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 director acknowledges his 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 and authorised for issue on 29 July 2024 and were signed on its behalf by
Andrew Bennett
Director
Company Registration No. 10045713
X2ABX Limited
Notes to the Accounts
for the year ended 31 March 2024
X2ABX Limited is a private company, limited by shares, registered in England and Wales, registration number 10045713. The registered office is Unit 7B, Manor Business Park, Grants Hill Way, Woodford Halse, Daventry, NN11 3UB.
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:
Land & buildings
Not Depreciated
4
Tangible fixed assets
Land & buildings
Amounts falling due within one year
X2ABX Limited
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,325
1,860
Loans from directors
230,534
196,089
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
27,537
31,667
8
Transactions with related parties
During the year, the company received loans amounting to £34,445 from the Director, Andrew Bennett. The combined loan is to be repaid on demand and the rate of interest charged is 0%.
At the balance sheet date, the total loan balance of £230,534 was still outstanding and is presented within creditors: amounts falling due less than one year.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).