IRIS Accounts Production v24.3.0.553 08995333 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 0.01000 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh089953332023-03-31089953332024-03-31089953332023-04-012024-03-31089953332022-03-31089953332022-04-012023-03-31089953332023-03-3108995333ns15:EnglandWales2023-04-012024-03-3108995333ns14:PoundSterling2023-04-012024-03-3108995333ns10:Director12023-04-012024-03-3108995333ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108995333ns10:SmallEntities2023-04-012024-03-3108995333ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108995333ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108995333ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108995333ns10:FullAccounts2023-04-012024-03-3108995333ns10:OrdinaryShareClass12023-04-012024-03-3108995333ns10:OrdinaryShareClass112023-04-012024-03-3108995333ns10:Director22023-04-012024-03-3108995333ns10:Director32023-04-012024-03-3108995333ns10:Director42023-04-012024-03-3108995333ns10:RegisteredOffice2023-04-012024-03-3108995333ns5:CurrentFinancialInstruments2024-03-3108995333ns5:CurrentFinancialInstruments2023-03-3108995333ns5:ShareCapital2024-03-3108995333ns5:ShareCapital2023-03-3108995333ns5:RetainedEarningsAccumulatedLosses2024-03-3108995333ns5:RetainedEarningsAccumulatedLosses2023-03-3108995333ns5:PlantMachinery2023-04-012024-03-3108995333ns5:PlantMachinery2023-03-3108995333ns5:PlantMachinery2024-03-3108995333ns5:CostValuation2023-03-3108995333ns5:DisposalsRepaymentsInvestments2024-03-3108995333ns5:CostValuation2024-03-3108995333ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3108995333ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3108995333ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 08995333 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

XWELLS ENERGY LIMITED

XWELLS ENERGY LIMITED (REGISTERED NUMBER: 08995333)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


XWELLS ENERGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: N Mahdar
P Palacios
T Cadieu
K M Gray





REGISTERED OFFICE: 5-9 Eden Street
Kingston upon Thames
Surrey
KT1 1BQ





REGISTERED NUMBER: 08995333 (England and Wales)





ACCOUNTANTS: Collards
Chartered Accountants
5-9 Eden Street
Kingston-upon-Thames
Surrey
KT1 1BQ

XWELLS ENERGY LIMITED (REGISTERED NUMBER: 08995333)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 410 450
410 450

CURRENT ASSETS
Debtors 6 65,753 65,290
Cash at bank 34,698 13,978
100,451 79,268
CREDITORS
Amounts falling due within one year 7 80,704 109,304
NET CURRENT ASSETS/(LIABILITIES) 19,747 (30,036 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,157

(29,586

)

CAPITAL AND RESERVES
Called up share capital 8 10,638 10,000
Retained earnings 9,519 (39,586 )
SHAREHOLDERS' FUNDS 20,157 (29,586 )

The company is entitled to exemption from audit under Section 477 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 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.

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 23 October 2024 and were signed on its behalf by:





P Palacios - Director


XWELLS ENERGY LIMITED (REGISTERED NUMBER: 08995333)

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

1. STATUTORY INFORMATION

Xwells Energy 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.

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.
Plant and machinery etc - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 2,207
DEPRECIATION
At 1 April 2023
and 31 March 2024 2,207
NET BOOK VALUE
At 31 March 2024 -

XWELLS ENERGY LIMITED (REGISTERED NUMBER: 08995333)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023 450
Disposals (40 )
At 31 March 2024 410
NET BOOK VALUE
At 31 March 2024 410
At 31 March 2023 450

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 8,520
Other debtors 65,753 56,770
65,753 65,290

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 22,469
Amounts owed to group undertakings 691 731
Taxation and social security 2,566 9,172
Other creditors 77,447 76,932
80,704 109,304

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
1,063,830 Ordinary £0.01 10,638 10,000

63,830 Ordinary shares of £0.01 each were allotted at par during the year.