Registered number
09115005
XDEV Studio Limited
Report and Accounts
31 July 2024
XDEV Studio Limited
Report to the director on the preparation of the unaudited statutory accounts of XDEV Studio Limited for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of XDEV Studio Limited for the year ended 31 July 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
9 September 2024
XDEV Studio Limited
Registered number: 09115005
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,470 3,158
Current assets
Debtors 4 1,682 4,835
Cash at bank and in hand 17,552 8,032
19,234 12,867
Creditors: amounts falling due within one year 5 (16,950) (7,441)
Net current assets 2,284 5,426
Net assets 9,754 8,584
Capital and reserves
Called up share capital 1 1
Profit and loss account 9,753 8,583
Shareholder's funds 9,754 8,584
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B Keet
Director
Approved by the board on 9 September 2024
XDEV Studio Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 33.3% straight line
Office equipment 20% straight line
Photographic equipment 25% straight line
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Photography Equipment Office Equipment Total
£ £ £
Cost
At 1 August 2023 31,245 5,669 36,914
Additions 7,696 - 7,696
At 31 July 2024 38,941 5,669 44,610
Depreciation
At 1 August 2023 28,088 5,668 33,756
Charge for the year 3,384 - 3,384
At 31 July 2024 31,472 5,668 37,140
Net book value
At 31 July 2024 7,469 1 7,470
At 31 July 2023 3,157 1 3,158
4 Debtors 2024 2023
£ £
Trade debtors 1,582 4,735
Other debtors 100 100
1,682 4,835
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 745 330
Corporation tax 12,553 3,402
Other taxes and social security costs 1,811 1,867
Other creditors 1,841 1,842
16,950 7,441
6 Other information
XDEV Studio Limited is a private company limited by shares and incorporated in England. Its registered office is:
Antenna Media Centre
9A Beck Street
Nottingham
NG1 1EQ
XDEV Studio Limited 09115005 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts April 2024 B Keet No description of principal activity 09115005 2022-08-01 2023-07-31 09115005 core:WithinOneYear 2023-07-31 09115005 core:ShareCapital 2023-07-31 09115005 core:RetainedEarningsAccumulatedLosses 2023-07-31 09115005 2023-08-01 2024-07-31 09115005 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09115005 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 09115005 bus:Director40 2023-08-01 2024-07-31 09115005 core:PlantMachinery 2023-08-01 2024-07-31 09115005 core:Vehicles 2023-08-01 2024-07-31 09115005 countries:England 2023-08-01 2024-07-31 09115005 bus:FRS102 2023-08-01 2024-07-31 09115005 bus:FilletedAccounts 2023-08-01 2024-07-31 09115005 2024-07-31 09115005 core:WithinOneYear 2024-07-31 09115005 core:ShareCapital 2024-07-31 09115005 core:RetainedEarningsAccumulatedLosses 2024-07-31 09115005 core:PlantMachinery 2024-07-31 09115005 core:Vehicles 2024-07-31 09115005 2023-07-31 09115005 core:PlantMachinery 2023-07-31 09115005 core:Vehicles 2023-07-31 iso4217:GBP xbrli:pure