IRIS Accounts Production v23.3.0.418 08870473 director 1.3.22 28.2.23 28.2.23 2.2.24 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure088704732022-02-28088704732023-02-28088704732022-03-012023-02-28088704732021-02-28088704732021-03-012022-02-28088704732022-02-2808870473ns16:EnglandWales2022-03-012023-02-2808870473ns15:PoundSterling2022-03-012023-02-2808870473ns11:Director12022-03-012023-02-2808870473ns11:PrivateLimitedCompanyLtd2022-03-012023-02-2808870473ns11:SmallEntities2022-03-012023-02-2808870473ns11:Audited2022-03-012023-02-2808870473ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2808870473ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-2808870473ns11:FullAccounts2022-03-012023-02-2808870473ns11:RegisteredOffice2022-03-012023-02-2808870473ns6:CurrentFinancialInstruments2023-02-2808870473ns6:CurrentFinancialInstruments2022-02-2808870473ns6:ShareCapital2023-02-2808870473ns6:ShareCapital2022-02-2808870473ns6:RetainedEarningsAccumulatedLosses2023-02-2808870473ns6:RetainedEarningsAccumulatedLosses2022-02-2808870473ns6:PlantMachinery2022-03-012023-02-2808870473ns6:PlantMachinery2023-02-2808870473ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-2808870473ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-28
REGISTERED NUMBER: 08870473 (England and Wales)















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: M Pekin





REGISTERED OFFICE: Unit D Herons Way
Balby
Doncaster
South Yorkshire
DN4 8WA





REGISTERED NUMBER: 08870473 (England and Wales)





AUDITORS: Sedulo Audit Limited
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 3,500 -

CURRENT ASSETS
Debtors 5 3,514 1,880
Cash at bank 5,422 3,667
8,936 5,547
CREDITORS
Amounts falling due within one year 6 1,297,733 1,281,590
NET CURRENT LIABILITIES (1,288,797 ) (1,276,043 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,285,297 ) (1,276,043 )

PROVISIONS FOR LIABILITIES 875 -
NET LIABILITIES (1,286,172 ) (1,276,043 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,286,272 ) (1,276,143 )
SHAREHOLDERS' FUNDS (1,286,172 ) (1,276,043 )

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 director and authorised for issue on 2 February 2024 and were signed by:





M Pekin - Director


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
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.

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 1 (2022 - 1 ) .

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 3,669
At 28 February 2023 3,669
DEPRECIATION
Charge for year 169
At 28 February 2023 169
NET BOOK VALUE
At 28 February 2023 3,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 2,311 545
Other debtors 1,203 1,335
3,514 1,880

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors - 45
Amounts owed to group undertakings 1,297,733 1,281,545
1,297,733 1,281,590

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Diccon Thornely (Senior Statutory Auditor)
for and on behalf of Sedulo Audit Limited

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.