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COMPANY REGISTRATION NUMBER: 06076711
Xentech Solutions Limited
Filleted Unaudited Financial Statements
31 March 2025
Xentech Solutions Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible assets
5
6,715
7,308
Current assets
Debtors
6
66,069
47,725
Cash at bank and in hand
128,855
174,466
---------
---------
194,924
222,191
Creditors: amounts falling due within one year
7
62,326
58,244
---------
---------
Net current assets
132,598
163,947
---------
---------
Total assets less current liabilities
139,313
171,255
Creditors: amounts falling due after more than one year
8
10,109
20,102
---------
---------
Net assets
129,204
151,153
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
129,104
151,053
---------
---------
Shareholders funds
129,204
151,153
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Xentech Solutions Limited
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 17 July 2025 , and are signed on behalf of the board by:
Mr K O'Brien
Director
Company registration number: 06076711
Xentech Solutions Limited
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Minton Place, Victoria Road, Bicester, Oxon, OX26 6QB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings
-
25% reducing balance
Office Equipment
-
25% reducing balance
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2024: 5 ).
5. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 April 2024
8,036
18,368
26,404
Additions
126
1,390
1,516
-------
--------
--------
At 31 March 2025
8,162
19,758
27,920
-------
--------
--------
Depreciation
At 1 April 2024
5,557
13,539
19,096
Charge for the year
641
1,468
2,109
-------
--------
--------
At 31 March 2025
6,198
15,007
21,205
-------
--------
--------
Carrying amount
At 31 March 2025
1,964
4,751
6,715
-------
--------
--------
At 31 March 2024
2,479
4,829
7,308
-------
--------
--------
6. Debtors
2025
2024
£
£
Trade debtors
34,950
36,750
Other debtors
31,119
10,975
--------
--------
66,069
47,725
--------
--------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10,648
10,648
Trade creditors
3,738
Social security and other taxes
12,364
14,809
Other creditors
39,314
29,049
--------
--------
62,326
58,244
--------
--------
8. Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
10,109
20,102
--------
--------