1. Statutory Information |
XL21 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08115069. |
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2. Accounting Policies |
Basis of preparing the Financial Statements |
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. |
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Presentation Currency |
The accounts are presented in £ sterling. |
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Turnover |
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Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT. The fair value of consideration takes into account settlement discounts. |
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