Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 11265996 Mr M Pattantyus iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11265996 2022-12-31 11265996 2023-12-31 11265996 2023-01-01 2023-12-31 11265996 frs-core:CurrentFinancialInstruments 2023-12-31 11265996 frs-core:PlantMachinery 2023-12-31 11265996 frs-core:PlantMachinery 2023-01-01 2023-12-31 11265996 frs-core:PlantMachinery 2022-12-31 11265996 frs-core:ShareCapital 2023-12-31 11265996 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11265996 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11265996 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11265996 frs-bus:SmallEntities 2023-01-01 2023-12-31 11265996 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11265996 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11265996 frs-bus:Director1 2023-01-01 2023-12-31 11265996 frs-countries:EnglandWales 2023-01-01 2023-12-31 11265996 2021-12-31 11265996 2022-12-31 11265996 2022-01-01 2022-12-31 11265996 frs-core:CurrentFinancialInstruments 2022-12-31 11265996 frs-core:ShareCapital 2022-12-31 11265996 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11265996
Xiting UK Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11265996
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 170
- 170
CURRENT ASSETS
Debtors 5 942 522
Cash at bank and in hand 3,290 690
4,232 1,212
Creditors: Amounts Falling Due Within One Year 6 (76,579 ) (76,974 )
NET CURRENT ASSETS (LIABILITIES) (72,347 ) (75,762 )
TOTAL ASSETS LESS CURRENT LIABILITIES (72,347 ) (75,592 )
NET LIABILITIES (72,347 ) (75,592 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (72,348 ) (75,593 )
SHAREHOLDERS' FUNDS (72,347) (75,592)
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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 M Pattantyus
Director
30 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Xiting UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11265996 . The registered office is Gowran House 56 Broad Street, Chipping Sodbury, Bristol, BS37 6AG.
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. Going Concern Disclosure
At the balance sheet date the company's current liabilites exceed its current assets. The company has received assurances from the directors and fellow group company that they will not demand repayment of the outstanding intercompany balance of £75,340 (2022 £75,340) to the extent that the company wont be able to meet its normal operating liabilities.
On this basis the directors consider it appropriate to prepare the acounts on the going concern basis.
2.3. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.4. 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:
Plant & Machinery 15% on cost
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 2)
1 2
Page 3
Page 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 667
Disposals (667 )
Depreciation
As at 1 January 2023 497
Disposals (497 )
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 170
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 942 522
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 326
Other loans 75,340 75,340
Accruals and deferred income 1,239 1,239
Director's loan account - 69
76,579 76,974
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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