XEPTA_GROUP_LTD - Accounts

XEPTA GROUP LTD - Company Information

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XEPTA GROUP LTD

Company Registration No. 07627253 (England and Wales)

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2016

XEPTA GROUP LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

XEPTA GROUP LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2016

- 1 -

2016

2015

Notes

Fixed assets

Investments

116

Current assets

Debtors

5,100

7,100

Cash at bank and in hand

6,115

3,883

11,215

10,983

Creditors: amounts falling due within one year

(11,938)

(11,853)

Net current liabilities

(723)

(870)

Total assets less current liabilities

(607)

(754)

Capital and reserves

Called up share capital

100

Profit and loss account

(707)

(854)

Shareholders' funds

(607)

(754)

For the financial year ended 31 May 2016 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 abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 28 February 2017

Mr S R Lee

Director

Company Registration No. 07627253

XEPTA GROUP LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Fixed assets

Investments

Cost

At 1 June 2015 & at 31 May 2016

116

Depreciation

At 1 June 2015 & at 31 May 2016

Net book value

At 31 May 2016

116

At 31 May 2015

116

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Nukula Ltd

England & Wales

Ordinary

50.00

Orbit Software Solutions Ltd

England & Wales

Ordinary

33.00

XEPTA GROUP LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2016

Fixed assets

(Continued)

- 3 -

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

Nukula Ltd

Insurance Related Services

36,518

27,622

Orbit Software Solutions Ltd

Software Development

(5,808)

15,512

The results of Orbit Software Solutions Ltd are for the financial year ended 29th February 2016.

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary of £1 each

100