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Company Registration No. 14446476 (England and Wales)
XL Tooling Ltd Unaudited accounts for the period from 27 October 2022 to 30 September 2023
XL Tooling Ltd Unaudited accounts Contents
Page
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XL Tooling Ltd Company Information for the period from 27 October 2022 to 30 September 2023
Directors
Simon Noon Andrew David Bland Michael Ian Turner
Company Number
14446476 (England and Wales)
Registered Office
656, AUTOMATION WORKS LEEDS ROAD HUDDERSFIELD WEST YORKSHIRE HD2 1UB UNITED KINGDOM
Accountants
Taxnfacts Ltd Timbuckthree 9 New Tolsta Isle of Lewis HS2 0NN
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XL Tooling Ltd Statement of financial position as at 30 September 2023
2023 
Notes
£ 
Fixed assets
Intangible assets
2,900 
Tangible assets
105,607 
108,507 
Current assets
Inventories
12,131 
Debtors
167,447 
Cash at bank and in hand
13,518 
193,096 
Creditors: amounts falling due within one year
(138,250)
Net current assets
54,846 
Total assets less current liabilities
163,353 
Creditors: amounts falling due after more than one year
(142,000)
Net assets
21,353 
Capital and reserves
Called up share capital
3 
Profit and loss account
21,350 
Shareholders' funds
21,353 
For the period ending 30 September 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 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 3 September 2024 and were signed on its behalf by
Simon Noon Director Company Registration No. 14446476
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XL Tooling Ltd Notes to the Accounts for the period from 27 October 2022 to 30 September 2023
1
Statutory information
XL Tooling Ltd is a private company, limited by shares, registered in England and Wales, registration number 14446476. The registered office is 656, AUTOMATION WORKS LEEDS ROAD, HUDDERSFIELD, WEST YORKSHIRE, HD2 1UB, 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 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
15% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
20% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation, where appropriate.
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XL Tooling Ltd Notes to the Accounts for the period from 27 October 2022 to 30 September 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 27 October 2022
- 
Additions
2,900 
At 30 September 2023
2,900 
Amortisation
At 27 October 2022
- 
At 30 September 2023
- 
Net book value
At 30 September 2023
2,900 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 27 October 2022
- 
- 
- 
- 
Additions
111,902 
9,677 
2,000 
123,579 
At 30 September 2023
111,902 
9,677 
2,000 
123,579 
Depreciation
Charge for the period
15,387 
2,218 
367 
17,972 
At 30 September 2023
15,387 
2,218 
367 
17,972 
Net book value
At 30 September 2023
96,515 
7,459 
1,633 
105,607 
6
Debtors
2023 
£ 
Amounts falling due within one year
Trade debtors
140,380 
Accrued income and prepayments
23,072 
Other debtors
3,995 
167,447 
7
Creditors: amounts falling due within one year
2023 
£ 
VAT
45,389 
Trade creditors
22,788 
Taxes and social security
13,368 
Other creditors
20,204 
Accruals
36,501 
138,250 
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XL Tooling Ltd Notes to the Accounts for the period from 27 October 2022 to 30 September 2023
8
Creditors: amounts falling due after more than one year
2023 
£ 
Other creditors
142,000 
Loans after one year are secured by a debenture dated 16/05/2024 secured against the company's plant and machinery.
9
Average number of employees
During the period the average number of employees was 16.
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