1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2024 - FRS102_2024 21,542 366 21,908 19,376 636 20,012 1,896 2,166 xbrli:pure xbrli:shares iso4217:GBP 07601093 2023-05-01 2024-04-30 07601093 2024-04-30 07601093 2023-04-30 07601093 2022-05-01 2023-04-30 07601093 2023-04-30 07601093 2022-04-30 07601093 bus:Director1 2023-05-01 2024-04-30 07601093 core:WithinOneYear 2024-04-30 07601093 core:WithinOneYear 2023-04-30 07601093 core:ShareCapital 2024-04-30 07601093 core:ShareCapital 2023-04-30 07601093 core:RetainedEarningsAccumulatedLosses 2024-04-30 07601093 core:RetainedEarningsAccumulatedLosses 2023-04-30 07601093 bus:SmallEntities 2023-05-01 2024-04-30 07601093 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 07601093 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 07601093 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07601093 bus:FullAccounts 2023-05-01 2024-04-30 07601093 core:OfficeEquipment 2023-05-01 2024-04-30 07601093 core:OfficeEquipment 2023-04-30 07601093 core:OfficeEquipment 2024-04-30 07601093 core:KeyManagementIndividualGroup1 2023-05-01 2024-04-30 07601093 core:KeyManagementIndividualGroup1 2024-04-30 07601093 core:KeyManagementIndividualGroup1 2023-04-30
COMPANY REGISTRATION NUMBER: 07601093
Xpert Software Limited
Filleted Unaudited Financial Statements
For the year ended
30 April 2024
Xpert Software Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
1,896
2,166
Current assets
Debtors
6
17,123
126
Cash at bank and in hand
3,856
15,417
--------
--------
20,979
15,543
Creditors: amounts falling due within one year
7
39,372
35,198
--------
--------
Net current liabilities
18,393
19,655
--------
--------
Total assets less current liabilities
( 16,497)
( 17,489)
--------
--------
Net liabilities
( 16,497)
( 17,489)
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 16,499)
( 17,491)
--------
--------
Shareholders funds
( 16,497)
( 17,489)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Xpert Software Limited
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 23 January 2025 , and are signed on behalf of the board by:
Dr L R Bailey
Director
Company registration number: 07601093
Xpert Software Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Everwood, Old Great North Road, Ferrybridge, Knottingley, West Yorkshire, WF11 8PG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The company has net current liabilities and its financial position is dependent upon the support of its director. The director has indicated that she will continue to support the company for the foreseeable future. Consequently, the director considers it is appropriate to prepare accounts on a going concern basis.
(b) Going concern
The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On On this basis, the directors have prepared these financial statements on a going concern basis.
(c) Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services supplied, stated net of discounts and of Value Added Tax. Revenue from the provision of services is recognised when the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
(d) Current tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
(e) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(f) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
(g) Financial instruments
Financial instruments are classified as accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 May 2023
21,542
21,542
Additions
366
366
--------
--------
At 30 April 2024
21,908
21,908
--------
--------
Depreciation
At 1 May 2023
19,376
19,376
Charge for the year
636
636
--------
--------
At 30 April 2024
20,012
20,012
--------
--------
Carrying amount
At 30 April 2024
1,896
1,896
--------
--------
At 30 April 2023
2,166
2,166
--------
--------
6. Debtors
2024
2023
£
£
Trade debtors
16,987
Other debtors
136
126
--------
----
17,123
126
--------
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals
805
775
Social security and other taxes
2,704
1,378
Director loan accounts
35,863
33,045
--------
--------
39,372
35,198
--------
--------
8. Related party transactions
During the year the director made available loans to the company. The loan is interest free and repayable on demand. At the year end the balance due to the director totalled £ 35,863 (2023: £ 33,045 ).