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
XL INTERNET SERVICES LTD
Company Information
for the year ended 31 March 2024
Company Number
09924536 (England and Wales)
Registered Office
873 Finchley Road
London
NW11 8RR
Accountants
Taxsolvers
108 Belgrave Gate
Leicester
Leicestershire
LE1 3GR
XL INTERNET SERVICES LTD
Statement of financial position
as at 31 March 2024
Intangible assets
143,536
143,536
Tangible assets
76,205
79,174
Cash at bank and in hand
1,164
2,628
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
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
XL INTERNET SERVICES LTD
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
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:
Fixtures & fittings
25% on reducing balance
Computer equipment
33.33% Straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
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
At 31 March 2024
66,464
18,287
3,435
88,186
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
At 31 March 2024
66,464
8,284
1,457
76,205
At 31 March 2023
66,464
11,045
1,665
79,174
Finished goods
1,500
1,500
Amounts falling due within one year
Accrued income and prepayments
8,129
8,129
8
Creditors: amounts falling due within one year
2024
2023
Trade creditors
4,254
4,872
Taxes and social security
9,421
13,144
Loans from directors
19,346
19,346
9
Creditors: amounts falling due after more than one year
2024
2023
10
Average number of employees
During the year the average number of employees was 2 (2023: 3).