1 January 2022 false No description of principal activity Taxfiler 2023.9 05320746business:PrivateLimitedCompanyLtd2022-01-012022-12-31 053207462021-12-31 053207462022-01-012022-12-31 05320746business:AuditExemptWithAccountantsReport2022-01-012022-12-31 05320746business:FilletedAccounts2022-01-012022-12-31 053207462022-12-31 05320746business:Director12022-01-012022-12-31 05320746business:RegisteredOffice2022-01-012022-12-31 053207462021-12-31 05320746core:WithinOneYear2022-12-31 05320746core:WithinOneYear2021-12-31 05320746core:AfterOneYear2022-12-31 05320746core:AfterOneYear2021-12-31 05320746core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 05320746core:ShareCapitalcore:PreviouslyStatedAmount2021-12-31 05320746core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 05320746core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2021-12-31 05320746core:PreviouslyStatedAmount2022-12-31 05320746core:PreviouslyStatedAmount2021-12-31 05320746business:SmallEntities2022-01-012022-12-31 05320746countries:EnglandWales2022-01-012022-12-31 05320746core:MotorVehicles2022-01-012022-12-31 05320746core:FurnitureFittings2022-01-012022-12-31 05320746core:ComputerEquipment2022-01-012022-12-31 05320746core:IntangibleAssetsOtherThanGoodwill2021-12-31 05320746core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-31 05320746core:IntangibleAssetsOtherThanGoodwill2022-12-31 05320746core:MotorVehicles2021-12-31 05320746core:FurnitureFittings2021-12-31 05320746core:ComputerEquipment2021-12-31 05320746core:MotorVehicles2022-12-31 05320746core:FurnitureFittings2022-12-31 05320746core:ComputerEquipment2022-12-31 05320746core:DisposalsRepaymentsInvestments2022-12-31 05320746core:AfterOneYear2022-01-012022-12-31 053207462021-01-012021-12-31 iso4217:GBP xbrli:pure
Company Registration No. 05320746 (England and Wales)
Xtreme Adrenalin Ltd Unaudited accounts for the year ended 31 December 2022
Xtreme Adrenalin Ltd Unaudited accounts Contents
Page
- 2 -
Xtreme Adrenalin Ltd Company Information for the year ended 31 December 2022
Director
Jason Khan
Company Number
05320746 (England and Wales)
Registered Office
Unit 1 99 London Road Stanway Colchester Essex CO3 0NY England
Accountants
IJC Finance Ltd 25 Caxton Close Tiptree Colchester Essex CO5 0HA
- 3 -
Xtreme Adrenalin Ltd Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
10,000 
- 
Tangible assets
29,075 
34,330 
Investments
- 
100,000 
39,075 
134,330 
Current assets
Inventories
71,000 
105,443 
Debtors
6,033 
46,760 
Cash at bank and in hand
91,569 
57,823 
168,602 
210,026 
Creditors: amounts falling due within one year
(72,196)
(234,170)
Net current assets/(liabilities)
96,406 
(24,144)
Total assets less current liabilities
135,481 
110,186 
Creditors: amounts falling due after more than one year
(89,167)
(116,667)
Provisions for liabilities
Deferred tax
(2,080)
(2,080)
Net assets/(liabilities)
44,234 
(8,561)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
44,134 
(8,661)
Shareholders' funds
44,234 
(8,561)
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2023 and were signed on its behalf by
Jason Khan Director Company Registration No. 05320746
- 4 -
Xtreme Adrenalin Ltd Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
Xtreme Adrenalin Ltd is a private company, limited by shares, registered in England and Wales, registration number 05320746. The registered office is Unit 1 99 London Road, Stanway, Colchester, Essex, CO3 0NY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% RB
Fixtures & fittings
25% RB
Computer equipment
25% RB
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2022
- 
Additions
10,000 
At 31 December 2022
10,000 
Amortisation
At 1 January 2022
- 
At 31 December 2022
- 
Net book value
At 31 December 2022
10,000 
Other intangible assets covers the IP and brand of Xtreme Adrenalin Ltd T/A Demon Xtreme.
- 5 -
Xtreme Adrenalin Ltd Notes to the Accounts for the year ended 31 December 2022
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2022
22,905 
28,861 
59,109 
110,875 
Additions
5,662 
9,380 
6,319 
21,361 
Disposals
(21,014)
- 
- 
(21,014)
At 31 December 2022
7,553 
38,241 
65,428 
111,222 
Depreciation
At 1 January 2022
4,518 
26,090 
45,937 
76,545 
Charge for the year
1,062 
2,346 
4,821 
8,229 
On disposals
(2,627)
- 
- 
(2,627)
At 31 December 2022
2,953 
28,436 
50,758 
82,147 
Net book value
At 31 December 2022
4,600 
9,805 
14,670 
29,075 
At 31 December 2021
18,387 
2,771 
13,172 
34,330 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2022
100,000 
Disposals
(100,000)
Valuation at 31 December 2022
- 
Please note that the £100,000 investment in Rollerworld Ltd has been written off due to the CVL applied for by Rollerworld in January 2023. No return is expected.
7
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
45,429 
Accrued income and prepayments
6,033 
1,331 
6,033 
46,760 
8
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
- 
20 
VAT
22,920 
11,916 
Trade creditors
1,673 
10,966 
Amounts owed to group undertakings and other participating interests
- 
17,750 
Taxes and social security
19,603 
- 
Other creditors
120 
- 
Loans from directors
26,984 
191,484 
Accruals
896 
2,034 
72,196 
234,170 
- 6 -
Xtreme Adrenalin Ltd Notes to the Accounts for the year ended 31 December 2022
9
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
42,500 
50,000 
Other creditors
46,667 
66,667 
89,167 
116,667 
HSBC Bounce Back Loan - original value £50,000, repaid £7,500 at end 2022 Global Park Estates Ltd loan - original value £100,000, repaid £53,333 at end 2022. A further £17,750 was paid by Rollerworld Ltd in 2021 on behalf of Xtreme Adrenalin Ltd.
10
Average number of employees
During the year the average number of employees was 5 (2021: 3).
- 7 -