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Company Registration No. 11834595 (England and Wales)
XCID TECHNOLOGIES LIMITED Unaudited accounts for the year ended 29 February 2024
XCID TECHNOLOGIES LIMITED Unaudited accounts Contents
Page
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XCID TECHNOLOGIES LIMITED Company Information for the year ended 29 February 2024
Director
Adedamola Adesokan
Company Number
11834595 (England and Wales)
Registered Office
3 ASHBURNHAM CLOSE BLETCHLEY MILTON KEYNES MK3 7TR
Accountants
Nii Otu Quaye 11 Louvaine Close Abbey Hey Manchester LANCASHIRE M18 8RD
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XCID TECHNOLOGIES LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
3,099 
Current assets
Debtors
82 
- 
Cash at bank and in hand
311,250 
223,905 
311,332 
223,905 
Creditors: amounts falling due within one year
(171,888)
(19,600)
Net current assets
139,444 
204,305 
Total assets less current liabilities
139,444 
207,404 
Creditors: amounts falling due after more than one year
- 
(90,000)
Net assets
139,444 
117,404 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
138,444 
116,404 
Shareholders' funds
139,444 
117,404 
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 15 November 2024 and were signed on its behalf by
Adedamola Adesokan Director Company Registration No. 11834595
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XCID TECHNOLOGIES LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
XCID TECHNOLOGIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11834595. The registered office is 3 ASHBURNHAM CLOSE, BLETCHLEY, MILTON KEYNES, MK3 7TR.
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.
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
33%
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 March 2023
15,503 
At 29 February 2024
15,503 
Depreciation
At 1 March 2023
12,404 
Charge for the year
3,099 
At 29 February 2024
15,503 
Net book value
At 29 February 2024
- 
At 28 February 2023
3,099 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
82 
- 
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XCID TECHNOLOGIES LIMITED Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
14,224 
- 
Taxes and social security
26,951 
12,998 
Loans from directors
129,513 
5,254 
Accruals
1,200 
1,348 
171,888 
19,600 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
- 
90,000 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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