REGISTERED NUMBER: 06799309 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2018

for

X Runner Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Walker

SECRETARY:

S Walker

REGISTERED OFFICE:

12 Darley Abbey Mills

Darley Abbey

Derby

Derbyshire

DE22 1DZ

REGISTERED NUMBER:

06799309 (England and Wales)

ACCOUNTANTS:

A Butler & Co

12 Darley Abbey Mills

Darley Abbey

Derby

Derbyshire

DE22 1DZ

FIXED ASSETS

Intangible assets

4

1,424

2,080

Tangible assets

5

37,280

43,321

38,704

45,401

CURRENT ASSETS

Stocks

13,804

16,579

Debtors

6

16,185

16,484

Cash at bank

38,835

50,346

68,824

83,409

CREDITORS

Amounts falling due within one year

7

92,600

62,036

NET CURRENT (LIABILITIES)/ASSETS

(23,776

)

21,373

TOTAL ASSETS LESS CURRENT LIABILITIES

14,928

66,774

PROVISIONS FOR LIABILITIES

7,311

8,573

NET ASSETS

7,617

58,201

CAPITAL AND RESERVES

Called up share capital

103

103

Retained earnings

7,514

58,098

SHAREHOLDERS' FUNDS

7,617

58,201

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 12 April 2019 and were signed by:

S Walker - Director

1.	STATUTORY INFORMATION

X Runner Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number

and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Website

Website is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Tax is recognised in the Income Statement except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

Goodwill

intangibles

Totals

£

£

£

COST

At 1 November 2017

and 31 October 2018

560

3,000

3,560

AMORTISATION

At 1 November 2017

280

1,200

1,480

Amortisation for year

56

600

656

At 31 October 2018

336

1,800

2,136

NET BOOK VALUE

At 31 October 2018

224

1,200

1,424

At 31 October 2017

280

1,800

2,080

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2017

61,340

22,600

7,250

91,190

Additions

1,482

13,750

349

15,581

Disposals

-

(16,350

)

-

(16,350

)

At 31 October 2018

62,822

20,000

7,599

90,421

DEPRECIATION

At 1 November 2017

31,362

11,426

5,081

47,869

Charge for year

7,865

3,931

629

12,425

Eliminated on disposal

-

(7,153

)

-

(7,153

)

At 31 October 2018

39,227

8,204

5,710

53,141

NET BOOK VALUE

At 31 October 2018

23,595

11,796

1,889

37,280

At 31 October 2017

29,978

11,174

2,169

43,321

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Trade debtors

7,662

3,456

Directors' loan accounts

5,187

5,080

Prepayments

3,336

7,948

16,185

16,484

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Trade creditors

11,253

3,540

Corporation Tax

20,865

18,937

PAYE

411

672

VAT

13,448

1,235

Accruals and deferred income

43,418

35,339

Accrued expenses

3,205

2,313

92,600

62,036