Company Registration No. 07950510 (England and Wales)
XVC Ltd
Unaudited accounts
for the year ended 29 February 2024
XVC Ltd
Unaudited accounts
Contents
XVC Ltd
Company Information
for the year ended 29 February 2024
Company Number
07950510 (England and Wales)
Registered Office
39 Humber Road
Cricklewood
London
NW2 6EN
England
XVC Ltd
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
15,401
5,833
Creditors: amounts falling due within one year
(138,073)
(123,083)
Net current liabilities
(122,171)
(96,829)
Net liabilities
(122,171)
(96,829)
Called up share capital
1
1
Profit and loss account
(122,172)
(96,830)
Shareholders' funds
(122,171)
(96,829)
For the year ending 29 February 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 26 February 2025 and were signed on its behalf by
Olga Liutkiene
Director
Company Registration No. 07950510
XVC Ltd
Notes to the Accounts
for the year ended 29 February 2024
XVC Ltd is a private company, limited by shares, registered in England and Wales, registration number 07950510. The registered office is 39 Humber Road, Cricklewood, London, NW2 6EN, England.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
4
Tangible fixed assets
Plant & machinery
At 29 February 2024
22,750
At 29 February 2024
22,750
XVC Ltd
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
17
17
Other creditors
97,559
82,569
Loans from directors
40,000
40,000
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).