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Company Registration No. 12008529 (England and Wales)
Xtreme Newark Ltd Unaudited accounts for the year ended 31 May 2024
Xtreme Newark Ltd Unaudited accounts Contents
Page
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Xtreme Newark Ltd Company Information for the year ended 31 May 2024
Directors
Mr Scott Ashcroft Mr Sajid Aziz
Company Number
12008529 (England and Wales)
Registered Office
42-44 Adelaide Street Bradford BD5 0EA UNITED KINGDOM
Accountants
Axiom Accountants Ltd 42-44 Adelaide Street Bradford West Yorkshire BD5 0EA
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Xtreme Newark Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,912 
3,555 
Current assets
Inventories
14,115 
8,225 
Debtors
- 
9,244 
Cash at bank and in hand
8,379 
9,940 
22,494 
27,409 
Creditors: amounts falling due within one year
(4,397)
(2,135)
Net current assets
18,097 
25,274 
Total assets less current liabilities
29,009 
28,829 
Creditors: amounts falling due after more than one year
(41,816)
(39,188)
Net liabilities
(12,807)
(10,359)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(12,907)
(10,459)
Shareholders' funds
(12,807)
(10,359)
For the year ending 31 May 2024 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 30 July 2024 and were signed on its behalf by
Mr Sajid Aziz Director Company Registration No. 12008529
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Xtreme Newark Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Xtreme Newark Ltd is a private company, limited by shares, registered in England and Wales, registration number 12008529. The registered office is 42-44 Adelaide Street, Bradford, BD5 0EA, 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.
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
18% Reducing balance basis
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2023
7,865 
Additions
9,753 
At 31 May 2024
17,618 
Depreciation
At 1 June 2023
4,310 
Charge for the year
2,396 
At 31 May 2024
6,706 
Net book value
At 31 May 2024
10,912 
At 31 May 2023
3,555 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
9,244 
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Xtreme Newark Ltd Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
260 
935 
Taxes and social security
2,937 
- 
Accruals
1,200 
1,200 
4,397 
2,135 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
20,570 
20,079 
Loans from directors
21,246 
19,109 
41,816 
39,188 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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