Company Registration No. SC384806 (Scotland)
XEED Online Ltd
Unaudited accounts
for the year ended 30 September 2024
XEED Online Ltd
Unaudited accounts
Contents
XEED Online Ltd
Company Information
for the year ended 30 September 2024
Company Number
SC384806 (Scotland)
Registered Office
272 Bath Street
Glasgow
G2 4JR
Accountants
Calculo Ltd
Eastworks
Gateway Court
Glasgow
G40 4DS
XEED Online Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
9,551
9,513
Cash at bank and in hand
8,110
7,639
Creditors: amounts falling due within one year
(6,839)
(7,606)
Net current assets
4,284
2,293
Total assets less current liabilities
13,835
11,806
Creditors: amounts falling due after more than one year
(4,490)
(5,678)
Called up share capital
2
2
Profit and loss account
9,343
6,126
Shareholders' funds
9,345
6,128
For the year ending 30 September 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 his 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 10 May 2025 and were signed on its behalf by
Craig Dunbar
Director
Company Registration No. SC384806
XEED Online Ltd
Notes to the Accounts
for the year ended 30 September 2024
XEED Online Ltd is a private company, limited by shares, registered in Scotland, registration number SC384806. The registered office is 272 Bath Street, Glasgow, G2 4JR.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% reducing balance
Computer equipment
10% reducing balance
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2023
159
13,772
13,931
At 30 September 2024
159
14,871
15,030
At 1 October 2023
16
4,402
4,418
Charge for the year
14
1,047
1,061
At 30 September 2024
30
5,449
5,479
At 30 September 2024
129
9,422
9,551
At 30 September 2023
143
9,370
9,513
Amounts falling due within one year
XEED Online Ltd
Notes to the Accounts
for the year ended 30 September 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,195
1,104
Taxes and social security
715
-
Proposed dividends
2,000
2,000
Loans from directors
2,929
4,502
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).