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Company Registration No. 13034290 (England and Wales)
XAD TECHNOLOGIES LTD Unaudited accounts for the year ended 31 August 2024
XAD TECHNOLOGIES LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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XAD TECHNOLOGIES LTD Company Information for the year ended 31 August 2024
Directors
Alia Khaled Khaled Afsar
Company Number
13034290 (England and Wales)
Registered Office
268 Bath Road Slough SL1 4DX England
Accountants
ZIK Accountancy Services (London) Limited 85 Station Road North Harrow Harrow HA2 7SW
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XAD TECHNOLOGIES LTD Statement of financial position as at 31 August 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
22,040
15,315
Current assets
Debtors
5
466,924
32,725
Cash at bank and in hand
75,724
11,305
542,648
44,030
Creditors: amounts falling due within one year
6
(249,423)
(93,327)
Net current assets/(liabilities)
293,225
(49,297)
Total assets less current liabilities
315,265
(33,982)
Creditors: amounts falling due after more than one year
7
(312,705)
-
Net assets/(liabilities)
2,560
(33,982)
Capital and reserves
Called up share capital
8
1,000
1,000
Profit and loss account
1,560
(34,982)
Shareholders' funds
2,560
(33,982)
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 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 11 June 2025 and were signed on its behalf by
Khaled Afsar Director Company Registration No. 13034290
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XAD TECHNOLOGIES LTD Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
XAD TECHNOLOGIES LTD is a private company, limited by shares, registered in England and Wales, registration number 13034290. The registered office is 268 Bath Road, Slough, SL1 4DX, 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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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
18% Reducing Balance Method
Motor vehicles
6% Reducing Balance Method
Computer equipment
18% Reducing Balance Method
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
16,599
-
2,950
19,549
Additions
904
9,299
-
10,203
At 31 August 2024
17,503
9,299
2,950
29,752
Depreciation
At 1 September 2023
2,988
-
1,246
4,234
Charge for the year
2,613
558
307
3,478
At 31 August 2024
5,601
558
1,553
7,712
Net book value
At 31 August 2024
11,902
8,741
1,397
22,040
At 31 August 2023
13,611
-
1,704
15,315
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XAD TECHNOLOGIES LTD Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024
2023
£
£
Amounts falling due within one year
VAT
9,414
6,506
Trade debtors
332,630
-
Other debtors
124,880
26,219
466,924
32,725
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
47,913
120
Taxes and social security
23,822
4,726
Loans from directors
174,800
86,789
Accruals
2,888
1,692
249,423
93,327
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Amounts owed to group undertakings and other participating interests
312,705
-
8
Share capital
2024
2023
£
£
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
9
Average number of employees
During the year the average number of employees was 15 (2023: 7).
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