Company Registration No. 10679266 (England and Wales)
XEST LIMITED
Unaudited accounts
for the year ended 31 March 2024
XEST LIMITED
Unaudited accounts
Contents
XEST LIMITED
Company Information
for the year ended 31 March 2024
Company Number
10679266 (England and Wales)
Registered Office
18 ELNATHAN MEWS
LONDON
W9 2JE
UNITED KINGDOM
Accountants
Tax Return Accountants Ltd
26 Spinning Wheelway
Hackbridge
Wallington
GB
SM6 7DS
XEST LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
2,219
2,149
Cash at bank and in hand
234
4,696
Creditors: amounts falling due within one year
(17,398)
(17,058)
Net current liabilities
(17,164)
(12,362)
Net liabilities
(14,945)
(10,213)
Called up share capital
100
100
Profit and loss account
(15,045)
(10,313)
Shareholders' funds
(14,945)
(10,213)
For the year ending 31 March 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 her 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 November 2024 and were signed on its behalf by
Yuka Caves
Director
Company Registration No. 10679266
XEST LIMITED
Notes to the Accounts
for the year ended 31 March 2024
XEST LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10679266. The registered office is 18 ELNATHAN MEWS, LONDON, W9 2JE, UNITED KINGDOM.
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. 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:
XEST LIMITED
Notes to the Accounts
for the year ended 31 March 2024
Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in
equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred
tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The director acknowledges the latest guidance on going concern. After assessing the outcome of the business and with consideration of the Company's balance sheet position, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of twelve months from the date of the approval of the financial statements and, therefore, she continues to adopt the going concern basis in preparing the annual financial statements.
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Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
4,198
-
4,198
At 31 March 2024
4,198
666
4,864
At 1 April 2023
2,049
-
2,049
Charge for the year
430
166
596
At 31 March 2024
2,479
166
2,645
At 31 March 2024
1,719
500
2,219
At 31 March 2023
2,149
-
2,149
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Creditors: amounts falling due within one year
2024
2023
Loans from directors
16,748
16,408
XEST LIMITED
Notes to the Accounts
for the year ended 31 March 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Transactions with related parties
The company is controlled by the director Ms Yuka Caves and she is the hundred percent shareholder.
The director made a loan of £16,748, being interest free, unsecured and repayable by demand.
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Average number of employees
During the year the average number of employees was 0 (2023: 0).