REGISTERED NUMBER: 06799309 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 October 2016

for

X Runner Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

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

2

2,736

392

Tangible assets

3

45,726

18,410

48,462

18,802

CURRENT ASSETS

Stocks

-

11,960

Debtors

22,889

17,103

Cash at bank

55,740

63,747

78,629

92,810

CREDITORS

Amounts falling due within one year

62,883

95,848

NET CURRENT ASSETS/(LIABILITIES)

15,746

(3,038

)

TOTAL ASSETS LESS CURRENT LIABILITIES

64,208

15,764

PROVISIONS FOR LIABILITIES

9,600

3,682

NET ASSETS

54,608

12,082

CAPITAL AND RESERVES

Called up share capital

4

102

100

Profit and loss account

54,506

11,982

SHAREHOLDERS' FUNDS

54,608

12,082

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 27 March 2017 and were signed by:

S Walker - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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 cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at 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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

560

Additions

3,000

At 31 October 2016

3,560

AMORTISATION

At 1 November 2015

168

Amortisation for year

656

At 31 October 2016

824

NET BOOK VALUE

At 31 October 2016

2,736

At 31 October 2015

392

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

36,596

Additions

42,558

At 31 October 2016

79,154

DEPRECIATION

At 1 November 2015

18,186

Charge for year

15,242

At 31 October 2016

33,428

NET BOOK VALUE

At 31 October 2016

45,726

At 31 October 2015

18,410

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

£

100

Ordinary

£1

100

100

1

Ordinary A

£1

1

-

1

Ordinary B

£1

1

-

102

100

The following shares were allotted and fully paid for cash at par during the year:

1 Ordinary A shares of £1 each

1 Ordinary B shares of £1 each

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2016 and

31 October 2015:

31.10.16

31.10.15

£

£

S Walker

Balance outstanding at start of year

-

-

Amounts advanced

8,070

-

Amounts repaid

-

-

Balance outstanding at end of year

8,070

-

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2016 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

A Butler & Co

12 Darley Abbey Mills

Darley Abbey

Derby

Derbyshire

DE22 1DZ

27 March 2017