IRIS Accounts Production v23.4.0.336 08272973 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh082729732022-12-31082729732023-12-31082729732023-01-012023-12-31082729732021-12-31082729732022-01-012022-12-31082729732022-12-3108272973ns15:EnglandWales2023-01-012023-12-3108272973ns14:PoundSterling2023-01-012023-12-3108272973ns10:Director12023-01-012023-12-3108272973ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3108272973ns10:SmallEntities2023-01-012023-12-3108272973ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3108272973ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3108272973ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3108272973ns10:FullAccounts2023-01-012023-12-3108272973ns10:Director22023-01-012023-12-3108272973ns10:RegisteredOffice2023-01-012023-12-3108272973ns5:CurrentFinancialInstruments2023-12-3108272973ns5:CurrentFinancialInstruments2022-12-3108272973ns5:ShareCapital2023-12-3108272973ns5:ShareCapital2022-12-3108272973ns5:RetainedEarningsAccumulatedLosses2023-12-3108272973ns5:RetainedEarningsAccumulatedLosses2022-12-3108272973ns5:PlantMachinery2023-01-012023-12-3108272973ns5:PlantMachinery2022-12-3108272973ns5:PlantMachinery2023-12-3108272973ns5:PlantMachinery2022-12-3108272973ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3108272973ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 08272973 (England and Wales)















Financial Statements

for the Year Ended 31 December 2023

for

XDG Consulting Limited

XDG Consulting Limited (Registered number: 08272973)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


XDG Consulting Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S M C Macrae
D C Macrae





REGISTERED OFFICE: Montana
West Hill Road
Woking
Surrey
GU22 7UJ





REGISTERED NUMBER: 08272973 (England and Wales)





ACCOUNTANTS: Barnbrook Sinclair
Chartered Accountants
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

XDG Consulting Limited (Registered number: 08272973)

Statement of Financial Position
31 December 2023

31/12/23 31/12/22
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 2,583 3,109

CURRENT ASSETS
Debtors 6 59,494 500
Cash at bank and in hand 178,228 207,444
237,722 207,944
CREDITORS
Amounts falling due within one year 7 (36,498 ) (7,027 )
NET CURRENT ASSETS 201,224 200,917
TOTAL ASSETS LESS CURRENT
LIABILITIES

203,807

204,026

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 203,707 203,926
SHAREHOLDERS' FUNDS 203,807 204,026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2024 and were signed on its behalf by:





D C Macrae - Director


XDG Consulting Limited (Registered number: 08272973)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

XDG Consulting 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value of services provided to customers during the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the income statement.

XDG Consulting Limited (Registered number: 08272973)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. ACCOUNTING POLICIES - continued

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Compound financial instruments include liability and equity components. The equity component is assigned the residual of the proceeds of issue after deducting the fair value of the liability component.

4. EMPLOYEES AND DIRECTORS

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

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
Cost
At 1 January 2023 10,150
Additions 335
At 31 December 2023 10,485
Depreciation
At 1 January 2023 7,041
Charge for year 861
At 31 December 2023 7,902
Net book value
At 31 December 2023 2,583
At 31 December 2022 3,109

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 24,133 -
Other debtors 35,361 500
59,494 500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Taxation and social security 12,894 5,066
Other creditors 23,604 1,961
36,498 7,027