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REGISTERED NUMBER: 03493135 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

XBZ Ltd

XBZ Ltd (Registered number: 03493135)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


XBZ Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTORS: S P Connor
J Phillips





SECRETARY: S P Connor





REGISTERED OFFICE: 7-11 Moorgate
London
EC2R 6AF





REGISTERED NUMBER: 03493135 (England and Wales)





ACCOUNTANTS: R A Leslie & Co. LLP
Chartered Accountants
Gowran House
56 Broad Street
Chipping Sodbury
Bristol
BS37 6AG

XBZ Ltd (Registered number: 03493135)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,109 42,748

CURRENT ASSETS
Debtors 5 167,179 153,170
Cash at bank and in hand 29,467 22,891
196,646 176,061
CREDITORS
Amounts falling due within one year 6 134,065 117,057
NET CURRENT ASSETS 62,581 59,004
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,690

101,752

CREDITORS
Amounts falling due after more than one
year

7

(66,856

)

(96,397

)

PROVISIONS FOR LIABILITIES (1,550 ) (1,950 )
NET ASSETS 27,284 3,405

CAPITAL AND RESERVES
Called up share capital 30,945 30,945
Capital redemption reserve 4,055 4,055
Retained earnings (7,716 ) (31,595 )
SHAREHOLDERS' FUNDS 27,284 3,405

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

XBZ Ltd (Registered number: 03493135)

Balance Sheet - continued
30 April 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2023 and were signed on its behalf by:





J Phillips - Director


XBZ Ltd (Registered number: 03493135)

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

1. STATUTORY INFORMATION

XBZ 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 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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property - over the period left on the lease
Office fixtures, fittings, equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. 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 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

XBZ Ltd (Registered number: 03493135)

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

4. TANGIBLE FIXED ASSETS
Office
fixtures,
Leasehold fittings,
property equipment Totals
£    £    £   
COST
At 1 May 2022 62,449 46,253 108,702
Additions - 565 565
At 30 April 2023 62,449 46,818 109,267
DEPRECIATION
At 1 May 2022 29,976 35,978 65,954
Charge for year 7,494 2,710 10,204
At 30 April 2023 37,470 38,688 76,158
NET BOOK VALUE
At 30 April 2023 24,979 8,130 33,109
At 30 April 2022 32,473 10,275 42,748

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 108,130 96,964
Other debtors 25,000 25,000
Directors' current accounts 31,609 26,404
Prepayments and accrued income 2,440 4,802
167,179 153,170

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 30,000 30,000
Trade creditors 63,227 50,164
Corporation tax 9,726 16,450
Social security and other taxes 421 530
Other creditors 8,891 6,659
Accrued expenses 21,800 13,254
134,065 117,057

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loan 66,856 96,397

XBZ Ltd (Registered number: 03493135)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

30.4.23 30.4.22
£    £   
S P Connor and J Phillips
Balance outstanding at start of year 26,404 27,825
Amounts advanced 31,609 26,404
Amounts repaid (26,404 ) (27,825 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 31,609 26,404

The amount owed by the Directors of £31,609 will be repaid to the company by 31/1/24.

9. RELATED PARTY DISCLOSURES

The directors, Mr S P Connor and Mr J Phillips are the main beneficiaries of a self-invested personal pension (SIPP). The SIPP owns a property which is leased to the company for a period of 10 years, and for which the company was charged rent of £69,167 during this financial year (2022: £89,917).