Acorah Software Products - Accounts Production 15.0.600 false true false 26 July 2023 31 July 2024 31 July 2024 15031056 Mr R Patel Mr K Thathiah Mr Z Uppal XBD Holdings Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15031056 2023-07-25 15031056 2024-07-31 15031056 2023-07-26 2024-07-31 15031056 frs-core:CurrentFinancialInstruments 2024-07-31 15031056 frs-core:ComputerEquipment 2024-07-31 15031056 frs-core:ComputerEquipment 2023-07-26 2024-07-31 15031056 frs-core:ComputerEquipment 2023-07-25 15031056 frs-core:FurnitureFittings 2024-07-31 15031056 frs-core:FurnitureFittings 2023-07-26 2024-07-31 15031056 frs-core:FurnitureFittings 2023-07-25 15031056 frs-core:ShareCapital 2024-07-31 15031056 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 15031056 frs-bus:PrivateLimitedCompanyLtd 2023-07-26 2024-07-31 15031056 frs-bus:FilletedAccounts 2023-07-26 2024-07-31 15031056 frs-bus:SmallEntities 2023-07-26 2024-07-31 15031056 frs-bus:AuditExempt-NoAccountantsReport 2023-07-26 2024-07-31 15031056 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-26 2024-07-31 15031056 1 2023-07-26 2024-07-31 15031056 frs-bus:Director1 2023-07-26 2024-07-31 15031056 frs-bus:Director2 2023-07-26 2024-07-31 15031056 frs-bus:Director3 2023-07-26 2024-07-31 15031056 frs-countries:EnglandWales 2023-07-26 2024-07-31
Registered number: 15031056
XBD Pay Limited
Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 15031056
2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 3,493
3,493
CURRENT ASSETS
Debtors 5 60,726
Cash at bank and in hand 28,148
88,874
Creditors: Amounts Falling Due Within One Year 6 (70,122 )
NET CURRENT ASSETS (LIABILITIES) 18,752
TOTAL ASSETS LESS CURRENT LIABILITIES 22,245
NET ASSETS 22,245
CAPITAL AND RESERVES
Called up share capital 7 448,161
Profit and Loss Account (425,916 )
SHAREHOLDERS' FUNDS 22,245
For the year ending 31 July 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr K Thathiah
Director
20 August 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
XBD Pay Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15031056 . The registered office is 20 Eastbourne Terrace Paddington, London, Westminster, W2 6LA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% SLM
Computer Equipment 20% SLM
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3
3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 26 July 2023 - - -
Additions 2,102 1,426 3,528
As at 31 July 2024 2,102 1,426 3,528
Depreciation
As at 26 July 2023 - - -
Provided during the period 35 - 35
As at 31 July 2024 35 - 35
Net Book Value
As at 31 July 2024 2,067 1,426 3,493
As at 26 July 2023 - - -
Page 2
Page 3
5. Debtors
2024
£
Due within one year
Amounts owed by participating interests 16,808
Other debtors 43,918
60,726
6. Creditors: Amounts Falling Due Within One Year
2024
£
Trade creditors 61,616
Other creditors 13
Taxation and social security 8,493
70,122
7. Share Capital
2024
£
Allotted, Called up and fully paid 448,161
8. Ultimate Controlling Party
The company's ultimate controlling party is XBD Holdings Ltd by virtue of his ownership of 100% of the issued share capital in the company.
Page 3