XINTEX LIMITED

Company Registration Number:
11895820 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

XINTEX LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

XINTEX LIMITED

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 4,325,687 2,980,763
Cost of sales: ( 2,016,574 ) ( 1,456,981 )
Gross profit(or loss): 2,309,113 1,523,782
Distribution costs: ( 13,526 ) ( 88,970 )
Administrative expenses: ( 432,658 ) ( 309,845 )
Operating profit(or loss): 1,862,929 1,124,967
Profit(or loss) before tax: 1,862,929 1,124,967
Tax: ( 353,956 ) ( 135,986 )
Profit(or loss) for the financial year: 1,508,973 988,981

XINTEX LIMITED

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 1,652,547 789,432
Total fixed assets: 1,652,547 789,432
Current assets
Stocks: 4 1,005,427 237,912
Debtors: 5 862,532 449,500
Cash at bank and in hand: 453,218 233,434
Total current assets: 2,321,177 920,846
Creditors: amounts falling due within one year: 6 ( 793,507 ) ( 189,034 )
Net current assets (liabilities): 1,527,670 731,812
Total assets less current liabilities: 3,180,217 1,521,244
Total net assets (liabilities): 3,180,217 1,521,244
Capital and reserves
Called up share capital: 150,000 1
Profit and loss account: 3,030,217 1,521,243
Total Shareholders' funds: 3,180,217 1,521,244

The notes form part of these financial statements

XINTEX LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 24 September 2023
and signed on behalf of the board by:

Name: Babak Qanezad
Status: Director

The notes form part of these financial statements

XINTEX LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

XINTEX LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 13 8

XINTEX LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 527,899 51,356 52,620 85,695 150,759 868,329
Additions 650,000 45,854 62,325 59,652 162,693 980,524
Disposals
Revaluations
Transfers
At 31 March 2023 1,177,899 97,210 114,945 145,347 313,452 1,848,853
Depreciation
At 1 April 2022 8,104 12,451 25,892 32,450 78,897
Charge for year 19,442 19,989 25,288 52,690 117,409
On disposals
Other adjustments
At 31 March 2023 27,546 32,440 51,180 85,140 196,306
Net book value
At 31 March 2023 1,177,899 69,664 82,505 94,167 228,312 1,652,547
At 31 March 2022 527,899 43,252 40,169 59,803 118,309 789,432

XINTEX LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Stocks

2023 2022
£ £
Stocks 1,005,427 237,912
Total 1,005,427 237,912

XINTEX LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Debtors

2023 2022
£ £
Trade debtors 862,532 449,500
Total 862,532 449,500

XINTEX LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 439,551 53,048
Taxation and social security 353,956 135,986
Total 793,507 189,034