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REGISTERED NUMBER: 04867405 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

X-SEAL LTD

X-SEAL LTD (REGISTERED NUMBER: 04867405)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

X-SEAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr P D Young





REGISTERED OFFICE: Murrills House
48 East Street
Portchester
Hampshire
PO16 9XS





BUSINESS ADDRESS: PO BOX 357
Lymington
Hampshire
SO41 8WF





REGISTERED NUMBER: 04867405 (England and Wales)

X-SEAL LTD (REGISTERED NUMBER: 04867405)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,852 3,852
Tangible assets 5 - -
3,852 3,852

CURRENT ASSETS
Cash at bank 5,142 5,142

CREDITORS
Amounts falling due within one year 6 3,436 3,436
NET CURRENT ASSETS 1,706 1,706
TOTAL ASSETS LESS CURRENT LIABILITIES 5,558 5,558

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings (44,442 ) (44,442 )
5,558 5,558

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

X-SEAL LTD (REGISTERED NUMBER: 04867405)

BALANCE SHEET - continued
31 MARCH 2024


The 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.

The financial statements were approved by the director and authorised for issue on 20 August 2024 and were signed by:





Mr P D Young - Director


X-SEAL LTD (REGISTERED NUMBER: 04867405)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

X-Seal Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Computer equipment - 33% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

X-SEAL LTD (REGISTERED NUMBER: 04867405)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INTANGIBLE FIXED ASSETS
Patents
and Computer
licences software Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 5,647 8,155 13,802
AMORTISATION
At 1 April 2023
and 31 March 2024 3,953 5,997 9,950
NET BOOK VALUE
At 31 March 2024 1,694 2,158 3,852
At 31 March 2023 1,694 2,158 3,852

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 2,252 1,709 3,961
DEPRECIATION
At 1 April 2023
and 31 March 2024 2,252 1,709 3,961
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 - - -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 3,436 3,436