Company Registration No. 13520729 (England and Wales)
XELA GROUP LTD
Unaudited accounts
for the period from 1 August 2022 to 31 March 2023
XELA GROUP LTD
Unaudited accounts
Contents
XELA GROUP LTD
Company Information
for the period from 1 August 2022 to 31 March 2023
Company Number
13520729 (England and Wales)
Registered Office
10 BARTON PARK
EASTLEIGH
HANTS
SO50 6RR
UNITED KINGDOM
XELA GROUP LTD
Statement of financial position
as at 31 March 2023
Creditors: amounts falling due within one year
(2,449)
(100)
Net current assets/(liabilities)
71,230
(100)
Called up share capital
1
1
Profit and loss account
71,330
-
Shareholders' funds
71,331
1
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 23 May 2024 and were signed on its behalf by
Gareth Blair
Director
Company Registration No. 13520729
XELA GROUP LTD
Notes to the Accounts
for the period from 1 August 2022 to 31 March 2023
XELA GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 13520729. The registered office is 10 BARTON PARK, EASTLEIGH, HANTS, SO50 6RR, UNITED KINGDOM.
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 period, 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.
Investments in shares are included at fair value.
4
Investments
Subsidiary undertakings
Valuation at 1 August 2022
101
Valuation at 31 March 2023
101
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Amounts owed to group undertakings and other participating interests
2,449
-
Loans from directors
-
100
XELA GROUP LTD
Notes to the Accounts
for the period from 1 August 2022 to 31 March 2023
7
Transactions with related parties
During the period, the company invoiced £437,000 for management services to Yellow Coaches Ltd, a company registered in England and Wales.
£430,500 owed to the company by Yellow Coaches Ltd was forgiven. At the balance sheet date, there were no amounts outstanding.
£64,017 owed by the company was forgiven by Xelacoach Ltd, a company registered in England and Wales. At the balance sheet date, there were no amounts outstanding.
At the balance sheet date, the company owed £2,449 to Xelabus Ltd, a company registered in England and Wales.
Xela Group Ltd, Xelacoach Limited, Xelabus Ltd, and Yellow Coaches Ltd, share a director in common.
8
Average number of employees
During the period the average number of employees was 0 (2022: 0).