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REGISTERED NUMBER: 14712650 (England and Wales)















Unaudited Financial Statements

for the Period 7 March 2023 to 31 August 2024

for

XOS Group Limited

XOS Group Limited (Registered number: 14712650)






Contents of the Financial Statements
for the Period 7 March 2023 to 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


XOS Group Limited

Company Information
for the Period 7 March 2023 to 31 August 2024







DIRECTORS: A J Evison
A Mackay





REGISTERED OFFICE: 3 Park Square
Leeds
LS1 2NE





REGISTERED NUMBER: 14712650 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
Chartered Accountants
3 Park Square
Leeds
LS1 2NE

XOS Group Limited (Registered number: 14712650)

Balance Sheet
31 August 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 10,084

CURRENT ASSETS
Debtors 5 115,015
Cash at bank 28,715
143,730
CREDITORS
Amounts falling due within one year 6 83,226
NET CURRENT ASSETS 60,504
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,588

CREDITORS
Amounts falling due after more than one
year

7

60,661
NET ASSETS 9,927

CAPITAL AND RESERVES
Called up share capital 9 100
Retained earnings 10 9,827
SHAREHOLDERS' FUNDS 9,927

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2024.

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

The directors acknowledge their 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.

XOS Group Limited (Registered number: 14712650)

Balance Sheet - continued
31 August 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 Board of Directors and authorised for issue on 2 October 2024 and were signed on its behalf by:





A J Evison - Director


XOS Group Limited (Registered number: 14712650)

Notes to the Financial Statements
for the Period 7 March 2023 to 31 August 2024

1. STATUTORY INFORMATION

XOS Group Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

XOS Group Limited (Registered number: 14712650)

Notes to the Financial Statements - continued
for the Period 7 March 2023 to 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
Additions 3,447 9,906 13,353
At 31 August 2024 3,447 9,906 13,353
DEPRECIATION
Charge for period 927 2,342 3,269
At 31 August 2024 927 2,342 3,269
NET BOOK VALUE
At 31 August 2024 2,520 7,564 10,084

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 115,015

Included within trade debtors are debts owed to the company upon which are the subject of a factoring loan. Disclosed as part of the creditors in note 8. At 31 August 2024 the amount advanced was £41,650. This sum is secured by way of a fixed and floating charge against all the company's assets.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 22,782
Social security and other taxes 18,294
Factoring loan 41,650
Accrued expenses 500
83,226

The factoring loan is secured against approved trade debtors.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Loan creditor 39,699
Directors' loan accounts 20,962
60,661

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Factory loan 41,650

XOS Group Limited (Registered number: 14712650)

Notes to the Financial Statements - continued
for the Period 7 March 2023 to 31 August 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

10. RESERVES
Retained
earnings
£   

Profit for the period 9,827
At 31 August 2024 9,827

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A J Evison.