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Unaudited Financial Statements |
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for the Year Ended 30 September 2016 |
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for |
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X-PAND (GGCS) LTD |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 September 2016 |
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for |
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X-PAND (GGCS) LTD |
X-PAND (GGCS) LTD (REGISTERED NUMBER: 02954341) |
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Contents of the Financial Statements |
for the year ended 30 September 2016 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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X-PAND (GGCS) LTD |
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Company Information |
for the year ended 30 September 2016 |
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Director: |
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Secretary: |
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Registered office: |
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Registered number: |
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Accountants: |
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Chartered Accountants |
Sterling House |
19/23 High Street |
Kidlington |
Oxfordshire |
OX5 2DH |
X-PAND (GGCS) LTD (REGISTERED NUMBER: 02954341) |
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Balance Sheet |
30 September 2016 |
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30/9/16 | 30/9/15 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
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Current assets |
Stocks |
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Debtors | 5 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 6 |
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Net current liabilities | ( |
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Total assets less current liabilities | ( |
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Provisions for liabilities |
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Net (liabilities)/assets | ( |
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Capital and reserves |
Called up share capital | 7 |
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Retained earnings | 8 | ( |
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Shareholders' funds | ( |
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X-PAND (GGCS) LTD (REGISTERED NUMBER: 02954341) |
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Balance Sheet - continued |
30 September 2016 |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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X-PAND (GGCS) LTD (REGISTERED NUMBER: 02954341) |
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Notes to the Financial Statements |
for the year ended 30 September 2016 |
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1. | Statutory information |
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X-pand (GGCS) Ltd is a
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registered number and registered office address can be found on the Company Information page. |
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The financial statements are presented in Sterling, which is the functional currency of the company, rounded to |
the nearest £1. |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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The director has made an assessment of the company's ability to continue as a going concern and has identified |
no material uncertainties that may cast a significant doubt on the ability of the company to continue as a going |
concern for the foreseeable future. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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3. | Employees and directors |
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The average number of employees during the year was
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X-PAND (GGCS) LTD (REGISTERED NUMBER: 02954341) |
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Notes to the Financial Statements - continued |
for the year ended 30 September 2016 |
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4. | Tangible fixed assets |
Fixtures |
Plant and | and |
machinery | fittings | Totals |
£ | £ | £ |
Cost |
At 1 October 2015 |
and 30 September 2016 |
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Depreciation |
At 1 October 2015 |
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Charge for year |
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At 30 September 2016 |
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Net book value |
At 30 September 2016 |
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At 30 September 2015 |
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5. | Debtors: amounts falling due within one year |
30/9/16 | 30/9/15 |
£ | £ |
Other debtors |
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6. | Creditors: amounts falling due within one year |
30/9/16 | 30/9/15 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30/9/16 | 30/9/15 |
value: | £ | £ |
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Ordinary | £1 | 2 | 2 |
X-PAND (GGCS) LTD (REGISTERED NUMBER: 02954341) |
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Notes to the Financial Statements - continued |
for the year ended 30 September 2016 |
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8. | Reserves |
Retained |
earnings |
£ |
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At 1 October 2015 |
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Deficit for the year | ( |
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Dividends | ( |
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At 30 September 2016 | ( |
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9. | Director's advances, credits and guarantees |
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The following advances and credits to a director subsisted during the years ended 30 September 2016 and |
30 September 2015: |
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30/9/16 | 30/9/15 |
£ | £ |
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Balance outstanding at start of year |
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( |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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10. | Related party disclosures |
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G C J Cox is the son of G C Cox, the director and shareholder of Grendon Garage Limited and Icham Limited. |
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At 30 September 2015, the company owed £98,961 (2015 - £198,961) to Grendon Garage Limited. During the |
year ended 30 September 2016, Icham Limited wrote off £nil (2015 - £79,638) due from the company. |
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During the year ended 30 September 2016, the company paid licence fees of £nil (2015 - £800) and interest of |
£1,458 (2015 - £3,500) to Grendon Garage Limited. |
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G C J Cox is the son of G C Cox and J R Cox. At 30 September 2016, the company was owed £22,055 (2015 - |
£22,055) by G C Cox and £2,240 (2015 - £2,240) by J R Cox. |
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S J Hunter is the company secretary and brother of G C J Cox. During the year ended 30 September 2016, the |
company paid rent of £5,000 (2015 - £3,125) to a company owned by S J Hunter. |
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11. | Ultimate controlling party |
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The controlling party is G C J Cox. |