Company Registration No. 09924536 (England and Wales)
XL INTERNET SERVICES LTD
Unaudited accounts
for the year ended 31 March 2025
XL INTERNET SERVICES LTD
Unaudited accounts
Contents
XL INTERNET SERVICES LTD
Company Information
for the year ended 31 March 2025
Company Number
09924536 (England and Wales)
Registered Office
873 Finchley Road
London
NW11 8RR
Accountants
Taxsolvers
108 Belgrave Gate
Leicester
Leicestershire
LE1 3GR
XL INTERNET SERVICES LTD
Statement of financial position
as at 31 March 2025
Intangible assets
143,536
143,536
Tangible assets
73,108
76,205
Cash at bank and in hand
256
1,164
Creditors: amounts falling due within one year
(46,090)
(40,884)
Net current liabilities
(19,213)
(29,291)
Total assets less current liabilities
197,431
190,450
Creditors: amounts falling due after more than one year
(27,225)
(21,667)
Net assets
170,206
168,783
Called up share capital
16
16
Share premium
209,984
209,984
Profit and loss account
(39,794)
(41,217)
Shareholders' funds
170,206
168,783
For the year ending 31 March 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 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 1 July 2025 and were signed on its behalf by
Mr Mehran Sher
Director
Company Registration No. 09924536
XL INTERNET SERVICES LTD
Notes to the Accounts
for the year ended 31 March 2025
XL INTERNET SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 09924536. The registered office is 873 Finchley Road, London, NW11 8RR.
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
25% on reducing balance
Computer equipment
33.33% Straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
XL INTERNET SERVICES LTD
Notes to the Accounts
for the year ended 31 March 2025
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
66,464
18,287
3,435
88,186
At 31 March 2025
66,464
18,446
3,435
88,345
At 1 April 2024
-
10,003
1,978
11,981
Charge for the year
-
2,111
1,145
3,256
At 31 March 2025
-
12,114
3,123
15,237
At 31 March 2025
66,464
6,332
312
73,108
At 31 March 2024
66,464
8,284
1,457
76,205
Finished goods
1,500
1,500
Amounts falling due within one year
Accrued income and prepayments
8,129
8,129
8
Creditors: amounts falling due within one year
2025
2024
Trade creditors
10,383
4,254
Taxes and social security
5,964
9,421
Loans from directors
19,346
19,346
9
Creditors: amounts falling due after more than one year
2025
2024
10
Average number of employees
During the year the average number of employees was 3 (2024: 2).