Company Registration No. 12486960 (England and Wales)
XTECH IT LTD
Unaudited accounts
for the year ended 28 February 2025
XTECH IT LTD
Unaudited accounts
Contents
XTECH IT LTD
Company Information
for the year ended 28 February 2025
Directors
Steven Thompson
Jessica Wheatley
Company Number
12486960 (England and Wales)
Registered Office
4 Whichford House Parkway Court
Oxford Business Park South
Oxford
OX4 2JY
England
Accountants
XEINADIN
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
XTECH IT LTD
Statement of financial position
as at 28 February 2025
Tangible assets
29,573
23,544
Cash at bank and in hand
495,508
371,745
Creditors: amounts falling due within one year
(370,763)
(408,661)
Net current assets
405,283
283,979
Net assets
434,856
307,523
Called up share capital
2
2
Profit and loss account
434,854
307,521
Shareholders' funds
434,856
307,523
For the year ending 28 February 2025 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 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 of Directors and authorised for issue on 2 May 2025 and were signed on its behalf by
Steven Thompson
Director
Company Registration No. 12486960
XTECH IT LTD
Notes to the Accounts
for the year ended 28 February 2025
XTECH IT LTD is a private company, limited by shares, registered in England and Wales, registration number 12486960. The registered office is 4 Whichford House Parkway Court, Oxford Business Park South, Oxford, OX4 2JY, 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.
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:
Plant & machinery
20% Reducing balance
Fixtures & fittings
20% Reducing balance
Computer equipment
33% reducing balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2024
982
3,558
32,658
37,198
Additions
-
1,061
16,244
17,305
Disposals
-
-
(2,520)
(2,520)
At 28 February 2025
982
4,619
46,382
51,983
At 1 March 2024
131
554
12,969
13,654
Charge for the year
170
772
9,676
10,618
On disposals
-
-
(1,862)
(1,862)
At 28 February 2025
301
1,326
20,783
22,410
At 28 February 2025
681
3,293
25,599
29,573
At 29 February 2024
851
3,004
19,689
23,544
XTECH IT LTD
Notes to the Accounts
for the year ended 28 February 2025
Amounts falling due within one year
Trade debtors
238,385
225,286
Accrued income and prepayments
25,334
86,498
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
245,748
122,916
Taxes and social security
124,010
109,605
Loans from directors
(73,500)
(15,000)
Deferred income
25,716
143,385
7
Average number of employees
During the year the average number of employees was 5 (2024: 5).