1 June 2023 v2025.19.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP080784342023-06-012024-05-31080784342024-05-31080784342023-05-3108078434core:WithinOneYear2024-05-3108078434core:WithinOneYear2023-05-3108078434core:ShareCapital2024-05-3108078434core:ShareCapital2023-05-3108078434core:RetainedEarningsAccumulatedLosses2024-05-3108078434core:RetainedEarningsAccumulatedLosses2023-05-3108078434bus:Director12023-06-012024-05-3108078434bus:RegisteredOffice2023-06-012024-05-3108078434core:FurnitureFittings2023-06-012024-05-3108078434core:OfficeEquipment2023-06-012024-05-31080784342022-06-012023-05-3108078434core:PlantMachinery2024-05-3108078434core:PlantMachinery2023-06-0108078434core:PlantMachinery2023-06-012024-05-3108078434core:PlantMachinery2023-05-310807843412023-06-012024-05-3108078434countries:EnglandWales2023-06-012024-05-3108078434bus:AuditExemptWithAccountantsReport2023-06-012024-05-3108078434bus:PrivateLimitedCompanyLtd2023-06-012024-05-3108078434bus:SmallEntities2023-06-012024-05-3108078434bus:FullAccounts2023-06-012024-05-31
Company registration number:
08078434
Xtech Solution Private Limited
Unaudited Filleted Financial Statements for the year ended
31 May 2024
Xtech Solution Private Limited
Statement of Financial Position
31 May 2024
20242023
Note££
Fixed assets    
Tangible assets 5
4,043
 
5,204
 
Current assets    
Stocks -  
3,931
 
Debtors 6
1,000
 
127
 
Cash at bank and in hand
14,412
 
11,880
 
15,412
 
15,938
 
Creditors: amounts falling due within one year 7
(5,340
)
(4,706
)
Net current assets
10,072
 
11,232
 
Total assets less current liabilities 14,115   16,436  
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
14,114
 
16,435
 
Shareholders funds
14,115
 
16,436
 
For the year ending
31 May 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
11 April 2025
, and are signed on behalf of the board by:
Syed Muhammad Yasir Anwer
Director
Company registration number:
08078434
Xtech Solution Private Limited
Notes to the Financial Statements
Year ended
31 May 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Hq Business Centre
,
Oldham
,
OL1 1TE
, England. The company is engaged in Information technology consultancy activities.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Current tax

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.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
15% straight line
Office equipment
15% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2023:
2.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 June 2023
and
31 May 2024
9,124
 
Depreciation  
At
1 June 2023
3,920
 
Charge
1,161
 
At
31 May 2024
5,081
 
Carrying amount  
At
31 May 2024
4,043
 
At 31 May 2023
5,204
 

6 Debtors

20242023
££
Other debtors
1,000
 
127
 

7 Creditors: amounts falling due within one year

20242023
££
Taxation and social security
3,531
 
2,819
 
Other creditors
1,809
 
1,887
 
5,340
 
4,706
 
Other creditors include loan from director, Syed Muhammad Yasir ANWER, amounting to NIL (2023: £28).