REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023 |
FOR |
XPO-ONLINE LTD |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023 |
FOR |
XPO-ONLINE LTD |
XPO-ONLINE LTD (REGISTERED NUMBER: 08870473) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
XPO-ONLINE LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 28 FEBRUARY 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Statutory Auditors |
Regency Court |
62-66 Deansgate |
Manchester |
M3 2EN |
XPO-ONLINE LTD (REGISTERED NUMBER: 08870473) |
BALANCE SHEET |
28 FEBRUARY 2023 |
28.2.23 | 28.2.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
XPO-ONLINE LTD (REGISTERED NUMBER: 08870473) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2023 |
1. | STATUTORY INFORMATION |
Xpo-Online Ltd is a private company, limited by shares, registered and domiciled 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 |
The presentation currency of the financial statements is Pound Sterling (£). |
Notwithstanding the company has net liabilities the director has received assurances from fellow group companies that they will not seek repayment of amounts owing to them until such time as the company is able to meet repayment. |
Accordingly, at the time of signing these financial statements the director is of the opinion that the company has sufficient resources to continue in operational existence for the foreseeable future, and therefore they continue to adopt the going concern basis of accounting in preparing the annual financial statements. |
Turnover |
Turnover comprises revenue recognised by the company in respect of goods supplied during the year, exclusive of Value Added Tax and rate discounts. |
Revenue is recognised on despatch of goods. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
XPO-ONLINE LTD (REGISTERED NUMBER: 08870473) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2023 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
Additions |
At 28 February 2023 |
DEPRECIATION |
Charge for year |
At 28 February 2023 |
NET BOOK VALUE |
At 28 February 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.23 | 28.2.22 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.23 | 28.2.22 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
8. | RELATED PARTY DISCLOSURES |
The company has taken advantage of the exemption conferred by FRS102 not to disclose transactions with other wholly owned subsidiaries within the group headed by Paragon Property Investments Limited. |
9. | ULTIMATE CONTROLLING PARTY |
The Group and parent Company are controlled by M Pekin by virtue of his majority shareholding. |
XPO-ONLINE LTD (REGISTERED NUMBER: 08870473) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2023 |
10. | ULTIMATE PARENT COMPANY |
Pargaon Property Investments Limited (incorporated in England and Wales) is regarded by the director as being the company's ultimate parent company. |
The parent undertaking of the largest and smallest group for which consolidated accounts are prepared is Paragon Property Investments Limited, whose registered office is 3 Yorkshire Way, West More Park, Doncaster, South Yorkshire, DN3 3FD. Consolidated accounts are available from Companies House, Crown Way, Cardiff CF14 3UZ. |