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X AND D LIMITED

Unaudited Financial Statements

for the Year Ended 30th June 2023






X AND D LIMITED (REGISTERED NUMBER: 08809326)






Contents of the Financial Statements
for the year ended 30th June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


X AND D LIMITED

Company Information
for the year ended 30th June 2023







DIRECTORS: Ms X Zhang
D Cloke





REGISTERED OFFICE: 52 Evans Road
Liverpool
Merseyside
L24 9PB





REGISTERED NUMBER: 08809326 (England and Wales)





ACCOUNTANTS: Haines Watts Wirral Limited
1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH

X AND D LIMITED (REGISTERED NUMBER: 08809326)

Balance Sheet
30th June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 860,334 874,384
Investments 5 325,643 325,643
1,185,977 1,200,027

CURRENT ASSETS
Cash at bank 65,249 55,827

CREDITORS
Amounts falling due within one year 6 729,016 729,471
NET CURRENT LIABILITIES (663,767 ) (673,644 )
TOTAL ASSETS LESS CURRENT LIABILITIES 522,210 526,383

CREDITORS
Amounts falling due after more than one
year

7

223,322

246,837
NET ASSETS 298,888 279,546

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 298,788 279,446
SHAREHOLDERS' FUNDS 298,888 279,546

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

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

X AND D LIMITED (REGISTERED NUMBER: 08809326)

Balance Sheet - continued
30th June 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 7th February 2024 and were signed on its behalf by:





D Cloke - Director


X AND D LIMITED (REGISTERED NUMBER: 08809326)

Notes to the Financial Statements
for the year ended 30th June 2023

1. STATUTORY INFORMATION

X and D Limited 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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - land - nil and buildings - 2% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Debtors, creditors and directors loans (being repayable on demand) are measured at the undiscounted amount of the cash or other consideration expected to be paid.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

X AND D LIMITED (REGISTERED NUMBER: 08809326)

Notes to the Financial Statements - continued
for the year ended 30th June 2023

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1st July 2022
and 30th June 2023 902,483
DEPRECIATION
At 1st July 2022 28,099
Charge for year 14,050
At 30th June 2023 42,149
NET BOOK VALUE
At 30th June 2023 860,334
At 30th June 2022 874,384

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st July 2022
and 30th June 2023 325,643
NET BOOK VALUE
At 30th June 2023 325,643
At 30th June 2022 325,643

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 25,704 25,704
Taxation and social security 496 -
Other creditors 702,816 703,767
729,016 729,471

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 223,322 246,837

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 94,802 118,317

X AND D LIMITED (REGISTERED NUMBER: 08809326)

Notes to the Financial Statements - continued
for the year ended 30th June 2023

8. RELATED PARTY DISCLOSURES

Included in other creditors is the sum of £702,816 (2022 - £702,816) owing form Susino (UK) Limited, a company in which Ms X Zhang and D Cloke are also directors.