Company registration number:
07549741
Xoncomms Ltd
Financial statements
31 March 2025
Xoncomms Ltd
Statement of financial position
31st March 2025
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2025 |
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2024 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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5 |
63,311 |
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68,493 |
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__________ |
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__________ |
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63,311 |
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68,493 |
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Current assets |
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Debtors |
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6 |
63,722 |
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94,159 |
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Cash at bank and in hand |
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390,257 |
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455,882 |
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__________ |
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__________ |
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453,979 |
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550,041 |
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Creditors: amounts falling due |
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within one year |
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7 |
(
27,088) |
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(
36,659) |
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__________ |
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__________ |
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Net current assets |
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426,891 |
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513,382 |
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__________ |
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__________ |
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Total assets less current liabilities |
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490,202 |
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581,875 |
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__________ |
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__________ |
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Net assets |
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490,202 |
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581,875 |
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__________ |
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__________ |
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Capital and reserves |
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Called up share capital |
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2 |
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2 |
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Profit and loss account |
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490,200 |
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581,873 |
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__________ |
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__________ |
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Shareholders funds |
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490,202 |
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581,875 |
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__________ |
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__________ |
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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.
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 comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
23 December 2025
, and are signed on behalf of the board by:
Terry Joy
Director
Company registration number:
07549741
Xoncomms Ltd
Notes to the financial statements
Year ended 31st March 2025
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 16 Ravenswood Avenue, Tunbridge Wells, Kent, TN2 3SG.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
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 are subsequently stated at cost less any accumulated depreciation and 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:
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Fittings fixtures and equipment |
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25 % |
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Motor vehicles |
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10 % |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
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 in finance costs 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
2
(2024:
2
).
5.
Tangible assets
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Fixtures, fittings and equipment |
Motor vehicles |
Total |
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£ |
£ |
£ |
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Cost |
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At 1st April 2024 |
179,927 |
92,292 |
272,219 |
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Additions |
15,921 |
- |
15,921 |
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__________ |
__________ |
__________ |
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At 31st March 2025 |
195,848 |
92,292 |
288,140 |
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__________ |
__________ |
__________ |
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Depreciation |
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At 1st April 2024 |
111,434 |
92,292 |
203,726 |
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Charge for the year |
21,103 |
- |
21,103 |
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__________ |
__________ |
__________ |
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At 31st March 2025 |
132,537 |
92,292 |
224,829 |
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__________ |
__________ |
__________ |
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Carrying amount |
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At 31st March 2025 |
63,311 |
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63,311 |
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__________ |
__________ |
__________ |
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At 31st March 2024 |
68,493 |
- |
68,493 |
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__________ |
__________ |
__________ |
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6.
Debtors
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2025 |
2024 |
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£ |
£ |
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Trade debtors |
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62,245 |
94,159 |
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Other debtors |
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1,477 |
- |
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__________ |
__________ |
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63,722 |
94,159 |
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__________ |
__________ |
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7.
Creditors: amounts falling due within one year
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2025 |
2024 |
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£ |
£ |
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Corporation tax |
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- |
2,365 |
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Social security and other taxes |
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24,112 |
25,297 |
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Other creditors |
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2,976 |
8,997 |
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__________ |
__________ |
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27,088 |
36,659 |
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__________ |
__________ |
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