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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
Page
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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
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XTECH IT LTD Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
29,573 
23,544 
Current assets
Inventories
13,344 
8,326 
Debtors
267,194 
312,569 
Cash at bank and in hand
495,508 
371,745 
776,046 
692,640 
Creditors: amounts falling due within one year
(370,763)
(408,661)
Net current assets
405,283 
283,979 
Net assets
434,856 
307,523 
Capital and reserves
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
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XTECH IT LTD Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 28 February 2025
681 
3,293 
25,599 
29,573 
At 29 February 2024
851 
3,004 
19,689 
23,544 
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XTECH IT LTD Notes to the Accounts for the year ended 28 February 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
238,385 
225,286 
Accrued income and prepayments
25,334 
86,498 
Other debtors
3,475 
785 
267,194 
312,569 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
47,725 
47,710 
Trade creditors
245,748 
122,916 
Taxes and social security
124,010 
109,605 
Other creditors
701 
(288)
Loans from directors
(73,500)
(15,000)
Accruals
363 
333 
Deferred income
25,716 
143,385 
370,763 
408,661 
7
Average number of employees
During the year the average number of employees was 5 (2024: 5).
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