Registration number:
Xentair International Limited
for the Year Ended 31 October 2022
Xentair International Limited
Contents
Company Information |
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Directors' Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Xentair International Limited
Company Information
Directors |
Mr P R Miles Mrs E L Miles Mr H W Piggot |
Registered office |
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Accountants |
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Xentair International Limited
Directors' Report for the Year Ended 31 October 2022
The directors present their report and the financial statements for the year ended 31 October 2022.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is wholesale of photocopier supplies
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Xentair International Limited
(Registration number: 05608092)
Balance Sheet as at 31 October 2022
Note |
2022 |
2021 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Retained earnings |
285,121 |
288,696 |
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Shareholders' funds |
285,221 |
288,796 |
For the financial year ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Xentair International Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
Government grants
Coronovirus Job Retention Grants and associated covid support grants are credited to profit and loss as received.
Foreign currency transactions and balances
Xentair International Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Fixtures and fittings |
10% on cost |
Motor vehicles |
20% on cost |
Office equipment |
33% on cost |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Xentair International Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022
Taxation |
Tax charged/(credited) in the income statement
2022 |
2021 |
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Current taxation |
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UK corporation tax |
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Xentair International Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022
Tangible assets |
Furniture, fittings and equipment |
Motor vehicles |
Other tangible assets |
Total |
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Cost or valuation |
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At 1 November 2021 |
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Additions |
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- |
- |
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At 31 October 2022 |
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Depreciation |
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At 1 November 2021 |
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Charge for the year |
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- |
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At 31 October 2022 |
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Carrying amount |
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At 31 October 2022 |
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- |
- |
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At 31 October 2021 |
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- |
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Stocks |
2022 |
2021 |
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Other inventories |
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Debtors |
Current |
Note |
2022 |
2021 |
Trade debtors |
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Amounts owed by related parties |
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- |
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Prepayments |
- |
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Other debtors |
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Xentair International Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022
Creditors |
Creditors: amounts falling due within one year
Note |
2022 |
2021 |
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Due within one year |
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Trade creditors |
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Social security and other taxes |
- |
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Other payables |
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Accruals |
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Corporation tax liability |
15,029 |
11,485 |
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Financial commitments, guarantees and contingencies |
Amounts not provided for in the balance sheet
The total amount of financial commitments not included in the balance sheet is £
The company has future operating lease committments due within 12 months of £3,784 and a further £946 post 12 months.
Related party transactions |
The loans to the directors are interest free and repayable on demand.
Transactions with directors |
2022 |
At 1 November 2021 |
Advances to director |
Repayments by director |
At 31 October 2022 |
Mr P R Miles |
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Loan to the director |
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( |
( |
Mrs E L Miles |
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Loan to the director |
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- |
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Xentair International Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022
2021 |
At 1 November 2020 |
Advances to director |
Repayments by director |
At 31 October 2021 |
Mr P R Miles |
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Loan to the director |
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( |
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Mrs E L Miles |
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Loan to the director |
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( |
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Summary of transactions with entities with joint control or significant interest
The company received rent of £6,000 from Industrial Control Components Limited a company of which P A Miles was a director and shareholder until 18th February 2022.
Summary of transactions with other related parties
Sipped Ltd is wholly controlled by Mr P R Miles & Mrs E L Miles.
Loans to related parties
2022 |
Other related parties |
Total |
Advanced |
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At end of period |
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