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Company Registration No. 07950510 (England and Wales)
XVC Ltd Unaudited accounts for the year ended 29 February 2024
XVC Ltd Unaudited accounts Contents
Page
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XVC Ltd Company Information for the year ended 29 February 2024
Director
Olga Liutkiene
Company Number
07950510 (England and Wales)
Registered Office
39 Humber Road Cricklewood London NW2 6EN England
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XVC Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
501 
501 
Debtors
- 
19,920 
Cash at bank and in hand
15,401 
5,833 
15,902 
26,254 
Creditors: amounts falling due within one year
(138,073)
(123,083)
Net current liabilities
(122,171)
(96,829)
Net liabilities
(122,171)
(96,829)
Capital and reserves
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
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XVC Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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.
Turnover
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:
Plant & machinery
25%
Computer equipment
50%
Stocks
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 
£ 
Cost or valuation
At cost 
At 1 March 2023
22,750 
At 29 February 2024
22,750 
Depreciation
At 1 March 2023
22,750 
At 29 February 2024
22,750 
Net book value
At 29 February 2024
- 
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XVC Ltd Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
19,920 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
497 
497 
Taxes and social security
17 
17 
Other creditors
97,559 
82,569 
Loans from directors
40,000 
40,000 
138,073 
123,083 
7
Share capital
2024 
2023 
£ 
£ 
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).
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