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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
Page
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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
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Xetrov Energy Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
20,220 
Tangible assets
832,676 
978,125 
832,676 
998,345 
Current assets
Debtors
800,671 
823,665 
Cash at bank and in hand
6,153 
3,020 
806,824 
826,685 
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)
Capital and reserves
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
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Xetrov Energy Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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 
£ 
Cost
At 1 January 2023
108,791 
At 31 December 2023
108,791 
Amortisation
At 1 January 2023
88,571 
Charge for the year
20,220 
At 31 December 2023
108,791 
Net book value
At 31 December 2023
- 
At 31 December 2022
20,220 
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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 
Depreciation
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 
Net book value
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 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
105,845 
Trade debtors
367 
1,181 
Amounts due from group undertakings etc.
690,051 
559,036 
Accrued income and prepayments
- 
30,000 
Other debtors
110,253 
127,603 
800,671 
823,665 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,120 
- 
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 
Accruals
15,000 
- 
5,402,070 
4,425,427 
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.
9
Controlling party
The company is a wholly owned subsidiary of Xetrov Group Ltd, a company registered in England at 90 Jermyn Street, London, SW1Y 6JD.
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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).
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