Company Registration No. 11371823 (England and Wales)
Xetrov Energy Limited
Unaudited accounts
for the year ended 31 December 2023
Xetrov Energy Limited
Unaudited accounts
Contents
Xetrov Energy Limited
Company Information
for the year ended 31 December 2023
Directors
Ashleigh Jane Ruxton
Spencer Charles Burnham
Company Number
11371823 (England and Wales)
Registered Office
Gowdall Lane
Pollington
Goole
DN14 0AU
England
Xetrov Energy Limited
Statement of financial position
as at 31 December 2023
Intangible assets
-
20,220
Tangible assets
832,676
978,125
Cash at bank and in hand
6,153
3,020
Creditors: amounts falling due within one year
(5,402,070)
(4,425,427)
Net current liabilities
(4,595,246)
(3,598,742)
Net liabilities
(3,762,570)
(2,600,397)
Called up share capital
7,300
7,300
Profit and loss account
(3,769,870)
(2,607,697)
Shareholders' funds
(3,762,570)
(2,600,397)
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2024 and were signed on its behalf by
Ashleigh Jane Ruxton
Director
Company Registration No. 11371823
Xetrov Energy Limited
Notes to the Accounts
for the year ended 31 December 2023
Xetrov Energy Limited is a private company, limited by shares, registered in England and Wales, registration number 11371823. The registered office is Gowdall Lane, Pollington, Goole, DN14 0AU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% on cost
Fixtures & fittings
10% on a written down basis
Computer equipment
10% on a written down basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Development costs are included at cost and are not written down whilst still in development.
4
Intangible fixed assets
Other
At 31 December 2023
108,791
Charge for the year
20,220
At 31 December 2023
108,791
At 31 December 2022
20,220
Xetrov Energy Limited
Notes to the Accounts
for the year ended 31 December 2023
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2023
276,142
760,800
10,374
3,652
1,050,968
Additions
-
2,220
1,450
-
3,670
Disposals
-
(91,410)
-
-
(91,410)
At 31 December 2023
276,142
671,610
11,824
3,652
963,228
At 1 January 2023
-
71,133
1,356
354
72,843
Charge for the year
-
67,805
1,027
330
69,162
On disposals
-
(11,453)
-
-
(11,453)
At 31 December 2023
-
127,485
2,383
684
130,552
At 31 December 2023
276,142
544,125
9,441
2,968
832,676
At 31 December 2022
276,142
689,667
9,018
3,298
978,125
Amounts falling due within one year
Amounts due from group undertakings etc.
690,051
559,036
Accrued income and prepayments
-
30,000
Other debtors
110,253
127,603
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
28,584
423,802
Amounts owed to group undertakings and other participating interests
5,094,926
3,607,482
Taxes and social security
(129,649)
(316,364)
Loans from directors
392,089
710,507
8
Transactions with related parties
The company paid rent to other subsidiaries under the ownership of Xetrov Group Ltd of £180,000 (2021 £45,000) to Xetrov Property Ltd and £62,500 to Xetrov Property 2 Ltd (2021 - £nil) in the year.
The company is a wholly owned subsidiary of Xetrov Group Ltd, a company registered in England at 90 Jermyn Street, London, SW1Y 6JD.
Xetrov Energy Limited
Notes to the Accounts
for the year ended 31 December 2023
10
Average number of employees
During the year the average number of employees was 7 (2022: 7).