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
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
XL Tooling Ltd
Statement of financial position
as at 30 September 2023
Cash at bank and in hand
13,518
Creditors: amounts falling due within one year
(138,250)
Total assets less current liabilities
163,353
Creditors: amounts falling due after more than one year
(142,000)
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
XL Tooling Ltd
Notes to the Accounts
for the period from 27 October 2022 to 30 September 2023
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.
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.
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
15% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
20% reducing balance
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.
Expenditure on research and development is written off in the year in which it is incurred.
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.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation, where appropriate.
XL Tooling Ltd
Notes to the Accounts
for the period from 27 October 2022 to 30 September 2023
4
Intangible fixed assets
Goodwill
At 30 September 2023
2,900
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
Charge for the period
15,387
2,218
367
17,972
At 30 September 2023
15,387
2,218
367
17,972
At 30 September 2023
96,515
7,459
1,633
105,607
Amounts falling due within one year
Accrued income and prepayments
23,072
7
Creditors: amounts falling due within one year
2023
Taxes and social security
13,368
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
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.