Company Registration No. 10593363 (England and Wales)
X LINE SYSTEMS LTD
Unaudited accounts
for the year ended 31 January 2024
X LINE SYSTEMS LTD
Unaudited accounts
Contents
X LINE SYSTEMS LTD
Company Information
for the year ended 31 January 2024
Directors
James Charles Daykin
Emma Claire Haigh
Company Number
10593363 (England and Wales)
Registered Office
UNIT 2B EAGLE ROAD
QUARRY HILL INDUSTRIAL ESTATE
ILKESTON
DERBYSHIRE
DE7 4RB
ENGLAND
X LINE SYSTEMS LTD
Statement of financial position
as at 31 January 2024
Tangible assets
79,551
59,808
Cash at bank and in hand
42,187
92,585
Creditors: amounts falling due within one year
(168,699)
(35,005)
Net current assets
47,921
128,277
Total assets less current liabilities
127,472
188,085
Creditors: amounts falling due after more than one year
(7,604)
(20,334)
Net assets
119,868
167,751
Called up share capital
100
100
Profit and loss account
119,768
167,651
Shareholders' funds
119,868
167,751
For the year ending 31 January 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 30 September 2024 and were signed on its behalf by
James Charles Daykin
Director
Company Registration No. 10593363
X LINE SYSTEMS LTD
Notes to the Accounts
for the year ended 31 January 2024
X LINE SYSTEMS LTD is a private company, limited by shares, registered in England and Wales, registration number 10593363. The registered office is UNIT 2B EAGLE ROAD, QUARRY HILL INDUSTRIAL ESTATE, ILKESTON, DERBYSHIRE, DE7 4RB, ENGLAND.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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
25% Straight line
Motor vehicles
20% Straight line
Computer equipment
25% Straight line
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Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
2,215
69,540
9,451
81,206
Additions
-
42,058
-
42,058
At 31 January 2024
2,215
111,598
9,451
123,264
At 1 February 2023
1,593
12,963
6,842
21,398
Charge for the year
310
20,918
1,087
22,315
At 31 January 2024
1,903
33,881
7,929
43,713
At 31 January 2024
312
77,717
1,522
79,551
At 31 January 2023
622
56,577
2,609
59,808
X LINE SYSTEMS LTD
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Accrued income and prepayments
3,245
3,055
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
13,693
13,693
Trade creditors
57,879
49,770
Taxes and social security
72,821
(55,362)
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Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
7,604
20,334
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 10 (2023: 10).