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REGISTERED NUMBER: 07670336 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

XS Training Ltd

XS Training Ltd (Registered number: 07670336)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

XS Training Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: S C Driver
D J Alexis





REGISTERED OFFICE: 16 Wortley Moor Lane
Leeds
West Yorkshire
LS12 4HX





REGISTERED NUMBER: 07670336 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

XS Training Ltd (Registered number: 07670336)

Statement of Financial Position
30 June 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Intangible assets 5 25,360 25,995
Tangible assets 6 407,594 14,759
432,954 40,754

CURRENT ASSETS
Debtors 7 355,862 289,730
Cash at bank 729,284 629,008
1,085,146 918,738
CREDITORS
Amounts falling due within one year 8 (297,932 ) (200,574 )
NET CURRENT ASSETS 787,214 718,164
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,220,168

758,918

PROVISIONS FOR LIABILITIES (1,968 ) (2,805 )
NET ASSETS 1,218,200 756,113

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,218,100 756,013
SHAREHOLDERS' FUNDS 1,218,200 756,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 applicable to companies subject to the small companies regime.

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

XS Training Ltd (Registered number: 07670336)

Statement of Financial Position - continued
30 June 2023



The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:




S C Driver - Director



D J Alexis - Director


XS Training Ltd (Registered number: 07670336)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

XS Training 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. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at fair value and revalued accordingly.

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
Fixtures and fittings - 33% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

XS Training Ltd (Registered number: 07670336)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST OR VALUATION
At 1 July 2022 25,995
Revaluations (635 )
At 30 June 2023 25,360
NET BOOK VALUE
At 30 June 2023 25,360
At 30 June 2022 25,995

Cost or valuation at 30 June 2023 is represented by:

Other
intangible
assets
£   
Valuation in 2022 (34,005 )
Valuation in 2023 (635 )
Cost 60,000
25,360

XS Training Ltd (Registered number: 07670336)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2022 - 1,386 9,770
Additions 385,959 - 4,200
At 30 June 2023 385,959 1,386 13,970
DEPRECIATION
At 1 July 2022 - 606 8,241
Charge for year 7,719 195 1,891
At 30 June 2023 7,719 801 10,132
NET BOOK VALUE
At 30 June 2023 378,240 585 3,838
At 30 June 2022 - 780 1,529

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022 - 82,671 93,827
Additions 12,000 18,117 420,276
At 30 June 2023 12,000 100,788 514,103
DEPRECIATION
At 1 July 2022 - 70,221 79,068
Charge for year 3,000 14,636 27,441
At 30 June 2023 3,000 84,857 106,509
NET BOOK VALUE
At 30 June 2023 9,000 15,931 407,594
At 30 June 2022 - 12,450 14,759

7. DEBTORS
30.6.23 30.6.22
£    £   
Amounts falling due within one year:
Trade debtors 45,936 -
Directors' current accounts 81,558 90,522
Tax 28,469 -
Prepayments 1,667 1,733
157,630 92,255

XS Training Ltd (Registered number: 07670336)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. DEBTORS - continued
30.6.23 30.6.22
£    £   
Amounts falling due after more than one year:
Amounts owed by group undertakings 198,232 197,475

Aggregate amounts 355,862 289,730

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 22,314 16,989
Tax 144,717 75,440
Other creditors 123,754 104,242
Directors' current accounts 3,299 -
Accrued expenses 3,848 3,903
297,932 200,574

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
D J Alexis
Balance outstanding at start of year 90,522 (2,166 )
Amounts advanced - 155,538
Amounts repaid (8,964 ) (62,850 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 81,558 90,522

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
XS Training Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of XS Training Ltd for the year ended 30 June 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of XS Training Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of XS Training Ltd and state those matters that we have agreed to state to the Board of Directors of XS Training Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than XS Training Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that XS Training Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of XS Training Ltd. You consider that XS Training Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of XS Training Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


26 October 2023