Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 12149838 Mr Bharat Odedra Mr David Graham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12149838 2023-08-31 12149838 2024-08-31 12149838 2023-09-01 2024-08-31 12149838 frs-core:CurrentFinancialInstruments 2024-08-31 12149838 frs-core:PlantMachinery 2024-08-31 12149838 frs-core:PlantMachinery 2023-09-01 2024-08-31 12149838 frs-core:PlantMachinery 2023-08-31 12149838 frs-core:ShareCapital 2024-08-31 12149838 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 12149838 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12149838 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 12149838 frs-bus:SmallEntities 2023-09-01 2024-08-31 12149838 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12149838 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12149838 frs-bus:Director1 2023-09-01 2024-08-31 12149838 frs-bus:Director2 2023-09-01 2024-08-31 12149838 frs-countries:EnglandWales 2023-09-01 2024-08-31 12149838 2022-08-31 12149838 2023-08-31 12149838 2022-09-01 2023-08-31 12149838 frs-core:CurrentFinancialInstruments 2023-08-31 12149838 frs-core:ShareCapital 2023-08-31 12149838 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 12149838
Xb2 Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
CLIVE G. CHADNEY LIMITED
108 Sandford Road
Chelmsford
CM2 6DH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12149838
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,342 5,108
4,342 5,108
CURRENT ASSETS
Stocks 5 1,780 1,580
Debtors 6 - 200
Cash at bank and in hand 5,896 7,445
7,676 9,225
Creditors: Amounts Falling Due Within One Year 7 (1,095 ) (1,588 )
NET CURRENT ASSETS (LIABILITIES) 6,581 7,637
TOTAL ASSETS LESS CURRENT LIABILITIES 10,923 12,745
NET ASSETS 10,923 12,745
CAPITAL AND RESERVES
Called up share capital 8 200 200
Profit and Loss Account 10,723 12,545
SHAREHOLDERS' FUNDS 10,923 12,745
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For the year ending 31 August 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Graham
Director
6 May 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Xb2 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12149838 . The registered office is 108 Sandford Road, Chelmsford, Essex, CM2 6DH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Straight line
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 September 2023 9,787
As at 31 August 2024 9,787
Depreciation
As at 1 September 2023 4,679
Provided during the period 766
As at 31 August 2024 5,445
Net Book Value
As at 31 August 2024 4,342
As at 1 September 2023 5,108
5. Stocks
2024 2023
£ £
Stock 1,780 1,580
6. Debtors
2024 2023
£ £
Due within one year
Other debtors - 200
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 730 829
Taxation and social security 365 759
1,095 1,588
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
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9. Related Party Transactions
XB2 Ltd is an associate and related party of OII Ltd and XSPP Ltd as a result of the significant influence OII Ltd and XSPP Ltd hold in XB2 Ltd. During the year no transactions took place between the related parties.
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