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
Xtreme Adrenalin Ltd
Company Information
for the year ended 31 December 2022
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
Xtreme Adrenalin Ltd
Statement of financial position
as at 31 December 2022
Intangible assets
10,000
-
Tangible assets
29,075
34,330
Inventories
71,000
105,443
Cash at bank and in hand
91,569
57,823
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)
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
Xtreme Adrenalin Ltd
Notes to the Accounts
for the year ended 31 December 2022
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
25% RB
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 31 December 2022
10,000
At 31 December 2022
10,000
Other intangible assets covers the IP and brand of Xtreme Adrenalin Ltd T/A Demon Xtreme.
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
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
At 31 December 2022
4,600
9,805
14,670
29,075
At 31 December 2021
18,387
2,771
13,172
34,330
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Investments
Subsidiary undertakings
Valuation at 1 January 2022
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.
Amounts falling due within one year
Accrued income and prepayments
6,033
1,331
8
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
-
20
Trade creditors
1,673
10,966
Amounts owed to group undertakings and other participating interests
-
17,750
Taxes and social security
19,603
-
Loans from directors
26,984
191,484
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
Other creditors
46,667
66,667
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).