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Company Registration No. 09416399 (England and Wales)
XDS COMPUTERS LTD Unaudited accounts for the year ended 29 February 2024
XDS COMPUTERS LTD Unaudited accounts Contents
Page
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XDS COMPUTERS LTD Company Information for the year ended 29 February 2024
Director
S Joseph
Company Number
09416399 (England and Wales)
Registered Office
SUITE 6, WESTWARD HOUSE GLEBELAND ROAD CAMBERLEY GU15 3DB ENGLAND
Accountants
Orb7 Limited 53 Peartree Drive,Farnworth,Bolton,Lanca Manchester Bolton Lancashire BL4 9RR
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XDS COMPUTERS LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
24,620 
24,512 
Debtors
- 
17,391 
Cash at bank and in hand
6,866 
128 
31,486 
42,031 
Creditors: amounts falling due within one year
(13,105)
(4,872)
Net current assets
18,381 
37,159 
Total assets less current liabilities
18,381 
37,159 
Creditors: amounts falling due after more than one year
(20,726)
(25,991)
Net (liabilities)/assets
(2,345)
11,168 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(2,445)
11,068 
Shareholders' funds
(2,345)
11,168 
For the year ending 29 February 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 24 November 2024 and were signed on its behalf by
S Joseph Director Company Registration No. 09416399
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XDS COMPUTERS LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
XDS COMPUTERS LTD is a private company, limited by shares, registered in England and Wales, registration number 09416399. The registered office is SUITE 6, WESTWARD HOUSE, GLEBELAND ROAD, CAMBERLEY, GU15 3DB, 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
17,391 
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XDS COMPUTERS LTD Notes to the Accounts for the year ended 29 February 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
30 
640 
Taxes and social security
124 
2,382 
Accruals
12,951 
1,850 
13,105 
4,872 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
20,726 
25,991 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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