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No description of principal activity
2020-01-01
Sage Accounts Production Advanced 2020 - FRS102_2019
11,893
1,219
13,112
9,844
1,225
11,069
2,043
2,049
xbrli:pure
xbrli:shares
iso4217:GBP
02957500
2020-01-01
2021-06-30
02957500
2021-06-30
02957500
2019-12-31
02957500
2019-01-01
2019-12-31
02957500
2019-12-31
02957500
bus:LeadAgentIfApplicable
2020-01-01
2021-06-30
02957500
bus:Director2
2020-01-01
2021-06-30
02957500
core:WithinOneYear
2021-06-30
02957500
core:WithinOneYear
2019-12-31
02957500
core:ShareCapital
2021-06-30
02957500
core:ShareCapital
2019-12-31
02957500
core:RetainedEarningsAccumulatedLosses
2021-06-30
02957500
core:RetainedEarningsAccumulatedLosses
2019-12-31
02957500
bus:Director2
2019-12-31
02957500
bus:Director2
2021-06-30
02957500
bus:Director2
2018-12-31
02957500
bus:Director2
2019-12-31
02957500
bus:Director2
2019-01-01
2019-12-31
02957500
bus:SmallEntities
2020-01-01
2021-06-30
02957500
bus:AuditExemptWithAccountantsReport
2020-01-01
2021-06-30
02957500
bus:FullAccounts
2020-01-01
2021-06-30
02957500
bus:SmallCompaniesRegimeForAccounts
2020-01-01
2021-06-30
02957500
bus:PrivateLimitedCompanyLtd
2020-01-01
2021-06-30
02957500
core:FurnitureFittingsToolsEquipment
2020-01-01
2021-06-30
02957500
core:FurnitureFittingsToolsEquipment
2019-12-31
02957500
core:FurnitureFittingsToolsEquipment
2021-06-30
COMPANY REGISTRATION NUMBER:
02957500
The X.122 Company (UK) Limited
|
|
Filleted Unaudited Financial Statements
|
|
The X.122 Company (UK) Limited
|
|
Period from 1 January 2020 to 30 June 2021
Report to the board of directors on the preparation of the unaudited statutory financial statements
|
1
|
|
|
Statement of financial position
|
2 to 3
|
|
|
Notes to the financial statements
|
4 to 6
|
|
|
The X.122 Company (UK) Limited
|
|
Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
The X.122 Company (UK) Limited
|
|
Period from 1 January 2020 to 30 June 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The X.122 Company (UK) Limited for the period ended 30 June 2021, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
JAY & JAY PARTNERSHIP LIMITED
Chartered Certified Accountants
2 Chesterfield Buildings
Westbourne Place
Clifton
Bristol
BS8 1RU
22 September 2021
The X.122 Company (UK) Limited
|
|
Statement of Financial Position
|
|
30 June 2021
|
30 Jun 21
|
31 Dec 19
|
Note
|
£
|
£
|
|
|
|
Fixed assets
Tangible assets
|
5
|
2,043
|
2,049
|
|
|
|
|
Current assets
Debtors
|
6
|
60
|
20,911
|
Cash at bank and in hand
|
110,985
|
42,850
|
|
---------
|
--------
|
|
111,045
|
63,761
|
|
|
|
|
Creditors: amounts falling due within one year
|
7
|
9,732
|
9,229
|
|
---------
|
--------
|
Net current assets
|
101,313
|
54,532
|
|
---------
|
--------
|
Total assets less current liabilities
|
103,356
|
56,581
|
|
---------
|
--------
|
Net assets
|
103,356
|
56,581
|
|
---------
|
--------
|
|
|
|
|
Capital and reserves
Called up share capital
|
27,002
|
27,002
|
Profit and loss account
|
76,354
|
29,579
|
|
---------
|
--------
|
Shareholder funds
|
103,356
|
56,581
|
|
---------
|
--------
|
|
|
|
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 period ending 30 June 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the period 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
.
The X.122 Company (UK) Limited
|
|
Statement of Financial Position (continued)
|
|
30 June 2021
These financial statements were approved by the
board of directors
and authorised for issue on
22 September 2021
, and are signed on behalf of the board by:
Company registration number:
02957500
The X.122 Company (UK) Limited
|
|
Notes to the Financial Statements
|
|
Period from 1 January 2020 to 30 June 2021
1.
General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 2 Chesterfield Buildings, Westbourne Place, Clifton, Bristol, BS8 1RU, United Kingdom.
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.
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
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
|
Equipment
|
-
|
25% reducing balance
|
|
|
|
|
Impairment of fixed assets
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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Government grants
Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
1
(2019:
2
).
5.
Tangible assets
|
Equipment
|
Total
|
|
£
|
£
|
Cost
|
|
|
At 1 January 2020
|
11,893
|
11,893
|
Additions
|
1,219
|
1,219
|
|
--------
|
--------
|
At 30 June 2021
|
13,112
|
13,112
|
|
--------
|
--------
|
Depreciation
|
|
|
At 1 January 2020
|
9,844
|
9,844
|
Charge for the period
|
1,225
|
1,225
|
|
--------
|
--------
|
At 30 June 2021
|
11,069
|
11,069
|
|
--------
|
--------
|
Carrying amount
|
|
|
At 30 June 2021
|
2,043
|
2,043
|
|
--------
|
--------
|
At 31 December 2019
|
2,049
|
2,049
|
|
--------
|
--------
|
|
|
|
6.
Debtors
|
30 Jun 21
|
31 Dec 19
|
|
£
|
£
|
Trade debtors
|
–
|
19,475
|
Other debtors
|
60
|
1,436
|
|
----
|
--------
|
|
60
|
20,911
|
|
----
|
--------
|
|
|
|
7.
Creditors:
amounts falling due within one year
|
30 Jun 21
|
31 Dec 19
|
|
£
|
£
|
Corporation tax
|
1,726
|
–
|
Social security and other taxes
|
2,418
|
3,472
|
Other creditors
|
5,588
|
5,757
|
|
-------
|
-------
|
|
9,732
|
9,229
|
|
-------
|
-------
|
|
|
|
8.
Directors' advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:
|
30 Jun 21
|
|
|
Balance brought forward
|
Amounts repaid
|
Balance outstanding
|
|
|
£
|
£
|
£
|
|
P. Redpath
|
(
4,122)
|
736
|
(
3,386)
|
|
|
-------
|
----
|
-------
|
|
|
|
|
|
|
31 Dec 19
|
|
|
Balance brought forward
|
Amounts repaid
|
Balance outstanding
|
|
|
£
|
£
|
£
|
|
P. Redpath
|
(
5,906)
|
1,784
|
(
4,122)
|
|
|
-------
|
-------
|
-------
|
|
|
|
|
|
This loan is interest free and repayable on demand.