1 April 2023 false No description of principal activity Taxfiler 2024.6 09924536business:PrivateLimitedCompanyLtd2023-04-012024-03-31 099245362023-03-31 099245362023-04-012024-03-31 09924536business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 09924536business:FilletedAccounts2023-04-012024-03-31 099245362024-03-31 09924536business:Director22023-04-012024-03-31 09924536business:RegisteredOffice2023-04-012024-03-31 099245362023-03-31 09924536core:WithinOneYear2024-03-31 09924536core:WithinOneYear2023-03-31 09924536core:AfterOneYear2024-03-31 09924536core:AfterOneYear2023-03-31 09924536core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 09924536core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 09924536core:SharePremiumcore:PreviouslyStatedAmount2024-03-31 09924536core:SharePremiumcore:PreviouslyStatedAmount2023-03-31 09924536core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 09924536core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 09924536core:PreviouslyStatedAmount2024-03-31 09924536core:PreviouslyStatedAmount2023-03-31 09924536business:SmallEntities2023-04-012024-03-31 09924536countries:EnglandWales2023-04-012024-03-31 09924536core:LandBuildings2023-04-012024-03-31 09924536core:FurnitureFittings2023-04-012024-03-31 09924536core:ComputerEquipment2023-04-012024-03-31 09924536core:Goodwill2023-03-31 09924536core:Goodwill2024-03-31 09924536core:LandBuildings2023-03-31 09924536core:FurnitureFittings2023-03-31 09924536core:ComputerEquipment2023-03-31 09924536core:LandBuildings2024-03-31 09924536core:FurnitureFittings2024-03-31 09924536core:ComputerEquipment2024-03-31 099245362022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 09924536 (England and Wales)
XL INTERNET SERVICES LTD Unaudited accounts for the year ended 31 March 2024
XL INTERNET SERVICES LTD Unaudited accounts Contents
Page
- 2 -
XL INTERNET SERVICES LTD Company Information for the year ended 31 March 2024
Director
Mr Mehran Sher
Company Number
09924536 (England and Wales)
Registered Office
873 Finchley Road London NW11 8RR
Accountants
Taxsolvers 108 Belgrave Gate Leicester Leicestershire LE1 3GR
- 3 -
XL INTERNET SERVICES LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
143,536 
143,536 
Tangible assets
76,205 
79,174 
219,741 
222,710 
Current assets
Inventories
1,500 
1,500 
Debtors
8,929 
8,486 
Cash at bank and in hand
1,164 
2,628 
11,593 
12,614 
Creditors: amounts falling due within one year
(40,884)
(44,728)
Net current liabilities
(29,291)
(32,114)
Total assets less current liabilities
190,450 
190,596 
Creditors: amounts falling due after more than one year
(21,667)
(29,775)
Net assets
168,783 
160,821 
Capital and reserves
Called up share capital
16 
16 
Share premium
209,984 
209,984 
Profit and loss account
(41,217)
(49,179)
Shareholders' funds
168,783 
160,821 
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 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 29 November 2024 and were signed on its behalf by
Mr Mehran Sher Director Company Registration No. 09924536
- 4 -
XL INTERNET SERVICES LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
XL INTERNET SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 09924536. The registered office is 873 Finchley Road, London, NW11 8RR.
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:
Land & buildings
Fixtures & fittings
25% on reducing balance
Computer equipment
33.33% Straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
143,536 
At 31 March 2024
143,536 
Amortisation
At 1 April 2023
- 
At 31 March 2024
- 
Net book value
At 31 March 2024
143,536 
At 31 March 2023
143,536 
- 5 -
XL INTERNET SERVICES LTD Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
66,464 
18,287 
2,498 
87,249 
Additions
- 
- 
937 
937 
At 31 March 2024
66,464 
18,287 
3,435 
88,186 
Depreciation
At 1 April 2023
- 
7,242 
833 
8,075 
Charge for the year
- 
2,761 
1,145 
3,906 
At 31 March 2024
- 
10,003 
1,978 
11,981 
Net book value
At 31 March 2024
66,464 
8,284 
1,457 
76,205 
At 31 March 2023
66,464 
11,045 
1,665 
79,174 
6
Inventories
2024 
2023 
£ 
£ 
Finished goods
1,500 
1,500 
1,500 
1,500 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
8,129 
8,129 
Other debtors
800 
357 
8,929 
8,486 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
7,333 
4,119 
Trade creditors
4,254 
4,872 
Taxes and social security
9,421 
13,144 
Other creditors
280 
2,997 
Loans from directors
19,346 
19,346 
Accruals
250 
250 
40,884 
44,728 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
21,667 
29,775 
10
Average number of employees
During the year the average number of employees was 2 (2023: 3).
- 6 -