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Company Registration No. 11013097 (England and Wales)
XCreative Design Ltd Unaudited accounts for the year ended 31 January 2024
XCreative Design Ltd Unaudited accounts Contents
Page
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XCreative Design Ltd Company Information for the year ended 31 January 2024
Director
Mr C D Belcher
Company Number
11013097 (England and Wales)
Registered Office
INTERNATIONAL HOUSE 64 NILE STREET LONDON N1 7SR ENGLAND
Accountants
JS Accountancy Services Measham Business Centre 56 High Street/Queens Street Measham Derbyshire DE12 7HZ
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XCreative Design Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
608 
811 
Current assets
Debtors
67,930 
50,976 
Cash at bank and in hand
121,526 
100,571 
189,456 
151,547 
Creditors: amounts falling due within one year
(66,074)
(63,737)
Net current assets
123,382 
87,810 
Total assets less current liabilities
123,990 
88,621 
Creditors: amounts falling due after more than one year
(7,500)
(11,920)
Net assets
116,490 
76,701 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
116,480 
76,691 
Shareholders' funds
116,490 
76,701 
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 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 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 and authorised for issue on 28 October 2024 and were signed on its behalf by
Mr C D Belcher Director Company Registration No. 11013097
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XCreative Design Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
XCreative Design Ltd is a private company, limited by shares, registered in England and Wales, registration number 11013097. The registered office is INTERNATIONAL HOUSE, 64 NILE STREET, LONDON, N1 7SR, 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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
2,160 
919 
3,079 
At 31 January 2024
2,160 
919 
3,079 
Depreciation
At 1 February 2023
1,477 
791 
2,268 
Charge for the year
171 
32 
203 
At 31 January 2024
1,648 
823 
2,471 
Net book value
At 31 January 2024
512 
96 
608 
At 31 January 2023
683 
128 
811 
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XCreative Design Ltd Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
67,930 
50,976 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,000 
5,580 
VAT
14,300 
15,355 
Trade creditors
22,026 
23,803 
Taxes and social security
23,677 
17,953 
Other creditors
1,048 
1,048 
Loans from directors
23 
(2)
66,074 
63,737 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,500 
11,920 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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