Company Registration No. 07744584 (England and Wales)
Xclusive Motor Services Ltd
Unaudited accounts
for the year ended 30 November 2023
Xclusive Motor Services Ltd
Unaudited accounts
Contents
Xclusive Motor Services Ltd
Company Information
for the year ended 30 November 2023
Company Number
07744584 (England and Wales)
Registered Office
75 MOSELEY STREET
BIRMINGHAM
WEST MIDLANDS
B12 0RT
UNITED KINGDOM
Accountants
Clark & Deen Taxpro Limited
Benson House, Suite D
98-104 Lombard Street
Birmingham
West Midlands
B12 0QR
Xclusive Motor Services Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
78,282
84,627
Cash at bank and in hand
21,810
142,876
Creditors: amounts falling due within one year
(128,307)
(85,401)
Net current (liabilities)/assets
(75,557)
87,323
Called up share capital
100
100
Profit and loss account
2,625
171,850
Shareholders' funds
2,725
171,950
For the year ending 30 November 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 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 29 August 2024 and were signed on its behalf by
Ayaz KHAN
Director
Company Registration No. 07744584
Xclusive Motor Services Ltd
Notes to the Accounts
for the year ended 30 November 2023
Xclusive Motor Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 07744584. The registered office is 75 MOSELEY STREET, BIRMINGHAM, WEST MIDLANDS, B12 0RT, 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 year, 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.
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
- 25% reducing balance
Motor vehicles
- 33% on cost
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
135,531
49,957
5,271
190,759
Additions
14,717
-
15,000
29,717
At 30 November 2023
150,248
49,957
20,271
220,476
At 1 December 2022
82,632
22,182
1,318
106,132
Charge for the year
16,904
14,420
4,738
36,062
At 30 November 2023
99,536
36,602
6,056
142,194
At 30 November 2023
50,712
13,355
14,215
78,282
At 30 November 2022
52,899
27,775
3,953
84,627
Xclusive Motor Services Ltd
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
Accrued income and prepayments
3,000
2,200
Other debtors
26,000
26,000
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
57,040
21,409
Taxes and social security
51,280
46,590
Other creditors
5,373
1,646
Loans from directors
91
483
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Average number of employees
During the year the average number of employees was 4 (2022: 4).