Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-306false2023-05-01No description of principal activity5truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10716990 2023-05-01 2024-04-30 10716990 2022-05-01 2023-04-30 10716990 2024-04-30 10716990 2023-04-30 10716990 c:Director1 2023-05-01 2024-04-30 10716990 d:PlantMachinery 2023-05-01 2024-04-30 10716990 d:PlantMachinery 2024-04-30 10716990 d:PlantMachinery 2023-04-30 10716990 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10716990 d:OfficeEquipment 2023-05-01 2024-04-30 10716990 d:OfficeEquipment 2024-04-30 10716990 d:OfficeEquipment 2023-04-30 10716990 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10716990 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10716990 d:CurrentFinancialInstruments 2024-04-30 10716990 d:CurrentFinancialInstruments 2023-04-30 10716990 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 10716990 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10716990 d:ShareCapital 2024-04-30 10716990 d:ShareCapital 2023-04-30 10716990 d:RetainedEarningsAccumulatedLosses 2024-04-30 10716990 d:RetainedEarningsAccumulatedLosses 2023-04-30 10716990 c:FRS102 2023-05-01 2024-04-30 10716990 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10716990 c:FullAccounts 2023-05-01 2024-04-30 10716990 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10716990 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 10716990 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 10716990 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 10716990










XITENYS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
XITENYS LIMITED
REGISTERED NUMBER: 10716990

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
295

  
-
295

Current assets
  

Debtors: amounts falling due within one year
 5 
556,211
271,784

Cash at bank and in hand
  
469,831
441,933

  
1,026,042
713,717

Creditors: amounts falling due within one year
 6 
(386,862)
(369,129)

Net current assets
  
 
 
639,180
 
 
344,588

Total assets less current liabilities
  
639,180
344,883

Provisions for liabilities
  

Deferred tax
 7 
-
(74)

  
 
 
-
 
 
(74)

Net assets
  
639,180
344,809


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
639,080
344,709

  
639,180
344,809

Page 1

 
XITENYS LIMITED
REGISTERED NUMBER: 10716990
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




K A Connor
Director

Date: 30 January 2025

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
XITENYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Xitenys Limited (10716990) is a privately owned company limited by shares and is incorporated in England & Wales. The registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in GBP and rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
XITENYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
straight line
Office equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
XITENYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.9

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.10

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
XITENYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.11

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 reporting 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 5).

Page 6

 
XITENYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 May 2023
14,917
5,506
20,423



At 30 April 2024

14,917
5,506
20,423



Depreciation


At 1 May 2023
14,667
5,461
20,128


Charge for the year on owned assets
250
45
295



At 30 April 2024

14,917
5,506
20,423



Net book value



At 30 April 2024
-
-
-



At 30 April 2023
250
45
295


5.


Debtors

2024
2023
£
£


Trade debtors
251,643
270,645

Other debtors
992
222

Prepayments and accrued income
303,576
917

556,211
271,784


Page 7

 
XITENYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
137,570
168,494

Corporation tax
151,834
81,352

Other taxation and social security
95,458
29,825

Other creditors
500
86,123

Accruals and deferred income
1,500
3,335

386,862
369,129



7.


Deferred taxation




2024


£






At beginning of year
(74)


Charged to profit or loss
74



At end of year
-

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
-
(74)

-
(74)

 
Page 8