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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
Page
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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
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X LINE SYSTEMS LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
79,551 
59,808 
Current assets
Inventories
60,000 
60,000 
Debtors
114,433 
10,697 
Cash at bank and in hand
42,187 
92,585 
216,620 
163,282 
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 
Capital and reserves
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
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X LINE SYSTEMS LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
4
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 
Depreciation
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 
Net book value
At 31 January 2024
312 
77,717 
1,522 
79,551 
At 31 January 2023
622 
56,577 
2,609 
59,808 
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X LINE SYSTEMS LTD Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
7,642 
Accrued income and prepayments
3,245 
3,055 
Other debtors
111,188 
- 
114,433 
10,697 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
22,906 
24,784 
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)
Accruals
1,400 
2,120 
168,699 
35,005 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
7,604 
20,334 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 10 (2023: 10).
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