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Registered Number: 09850285
England and Wales

 

 

 

XL BIOMASS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 November 2022

End date: 31 October 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 4 3,769    5,030 
3,769    5,030 
Current assets      
Stocks 218,355    247,400 
Debtors: amounts falling due within one year 100    100 
Debtors: amounts falling due after one year 29,200    29,200 
Cash at bank and in hand 10,222    38,218 
257,877    314,918 
Creditors: amount falling due within one year (86,893)   (187,007)
Net current assets 170,984    127,911 
 
Total assets less current liabilities 174,753    132,941 
Creditors: amount falling due after more than one year (207,257)   (179,198)
Net assets (32,504)   (46,257)
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account (32,604)   (46,357)
Shareholders' funds (32,504)   (46,257)
 


For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 30 July 2024 and were signed by:


-------------------------------
Wayne Dyke
Director
1
General Information
XL Biomass Limited is a private company, limited by shares, registered in England and Wales, registration number 09850285, registration address 46 Hyde Road, Paignton, Devon, TQ4 5BY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 33% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Staff Costs

2023
£
  2022
£
Wages and salaries 14,209    7,700 
Other staff costs 70    19,172 
14,279    26,872 
 
Average number of employees during the year Number   Number
Administration 1    1 
Sales 1   
 

3.

Average number of employees

Average number of employees during the year was 2 (2022 : 1).
4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 November 2022 1,737    21,925    632    24,294 
Additions      
Disposals      
At 31 October 2023 1,737    21,925    632    24,294 
Depreciation
At 01 November 2022 508    18,209    547    19,264 
Charge for year 307    929    25    1,261 
On disposals      
At 31 October 2023 815    19,138    572    20,525 
Net book values
Closing balance as at 31 October 2023 922    2,787    60    3,769 
Opening balance as at 01 November 2022 1,229    3,716    85    5,030 


5.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
2023
£
  2022
£
100 Class A shares of £1.00 each 100    100 
100    100 

2