Registered number
13444805
XMC Ltd
Filleted Accounts
30 June 2024
XMC Ltd
Registered number: 13444805
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Current assets
Stocks 8,250 6,300
Debtors 3 197 83
Cash at bank and in hand 5,224 7,204
13,671 13,587
Creditors: amounts falling due within one year 4 (15,158) (13,458)
Net current (liabilities)/assets (1,487) 129
Net (liabilities)/assets (1,487) 129
Capital and reserves
Called up share capital 100 100
Profit and loss account (1,587) 29
Shareholder's funds (1,487) 129
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G C V Tedder
Director
Approved by the board on 28 March 2025
XMC Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts.. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Stocks
Stocks are measured at the lower of cost and estimated selling price. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Other debtors 197 83
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 183 183
Other creditors 14,975 13,275
15,158 13,458
5 Other information
XMC Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Myrtle Cottage
St. Johns Hill Road
Woking
GU21 7RW
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