Company Registration No. 14908047 (England and Wales)
X Engineering Limited
Unaudited accounts
for the period from 1 June 2023 to 30 April 2024
X Engineering Limited
Unaudited accounts
Contents
X Engineering Limited
Company Information
for the period from 1 June 2023 to 30 April 2024
Directors
Rebecca Kinahan
Abigail Jeffreys
Company Number
14908047 (England and Wales)
Registered Office
Cross Engineering Swansea Ltd
Gorseinon Road
Penllergaer
Swansea
West Glamorgan
SA4 9GE
Wales
Accountants
S A Acc'y Ltd
The Corner House
4 Beaumont Road
Church Stretton
Shropshire
SY6 6BN
X Engineering Limited
Statement of financial position
as at 30 April 2024
Cash at bank and in hand
176,507
Creditors: amounts falling due within one year
(715,703)
Net current liabilities
(465,065)
Total assets less current liabilities
5,691,465
Creditors: amounts falling due after more than one year
(5,368,142)
Provisions for liabilities
Called up share capital
100
Profit and loss account
317,692
Shareholders' funds
317,792
For the period ending 30 April 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 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 22 August 2024 and were signed on its behalf by
Abigail Jeffreys
Director
Company Registration No. 14908047
X Engineering Limited
Notes to the Accounts
for the period from 1 June 2023 to 30 April 2024
X Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 14908047. The registered office is Cross Engineering Swansea Ltd, Gorseinon Road, Penllergaer, Swansea, West Glamorgan, SA4 9GE, Wales.
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 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:
Plant & machinery
10% per annum reducing balance
Motor vehicles
25% per annum reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Charge for the period
2,493
X Engineering Limited
Notes to the Accounts
for the period from 1 June 2023 to 30 April 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
Additions
366,000
89,421
455,421
At 30 April 2024
366,000
89,421
455,421
Charge for the period
21,350
4,958
26,308
At 30 April 2024
21,350
4,958
26,308
At 30 April 2024
344,650
84,463
429,113
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Investments
Subsidiary undertakings
Valuation at 1 June 2023
-
Valuation at 30 April 2024
5,700,000
Amounts falling due within one year
8
Creditors: amounts falling due within one year
2024
Taxes and social security
15,242
Loans from directors
450,000
9
Creditors: amounts falling due after more than one year
2024
Amounts owed to group undertakings and other participating interests
3,488,980
X Engineering Limited
Notes to the Accounts
for the period from 1 June 2023 to 30 April 2024
10
Average number of employees
During the period the average number of employees was 2.