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REGISTERED NUMBER: 14648929 (England and Wales)












Unaudited Financial Statements

for the period

8 February 2023 to 28 February 2024

for

XS Homes Ltd

XS Homes Ltd (Registered number: 14648929)






Contents of the Financial Statements
for the period 8 February 2023 to 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


XS Homes Ltd

Company Information
for the period 8 February 2023 to 28 February 2024







DIRECTORS: Mr W O Chapman
Mr G Harms





REGISTERED OFFICE: Top Floor
Claridon House
London Road
Stanford Le Hope
Essex
SS17 0JU





REGISTERED NUMBER: 14648929 (England and Wales)





ACCOUNTANTS: Vortex Accountants Limited
Top Floor
Claridon House
London Road
Stanford Le Hope
Essex
SS17 0JU

XS Homes Ltd (Registered number: 14648929)

Balance Sheet
28 February 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 4,521

CURRENT ASSETS
Stocks 5 635,351
Debtors 6 181,563
Cash at bank and in hand 20,397
837,311
CREDITORS
Amounts falling due within one year 7 1,570,637
NET CURRENT LIABILITIES (733,326 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(728,805

)

ACCRUALS AND DEFERRED INCOME (730,351 )
NET ASSETS 1,546

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings 1,544
1,546

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 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.

XS Homes Ltd (Registered number: 14648929)

Balance Sheet - continued
28 February 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 7 November 2024 and were signed on its behalf by:





Mr W O Chapman - Director


XS Homes Ltd (Registered number: 14648929)

Notes to the Financial Statements
for the period 8 February 2023 to 28 February 2024

1. STATUTORY INFORMATION

XS Homes 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.

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 - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

XS Homes Ltd (Registered number: 14648929)

Notes to the Financial Statements - continued
for the period 8 February 2023 to 28 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
Additions 5,000
At 28 February 2024 5,000
DEPRECIATION
Charge for period 479
At 28 February 2024 479
NET BOOK VALUE
At 28 February 2024 4,521

5. STOCKS
£   
Work-in-progress 635,351

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 28,400
Other debtors 97,627
VAT 55,536
181,563

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other loans 1,476,300
Trade creditors 15,396
Tax 11,496
Social security and other taxes 65,445
Accrued expenses 2,000
1,570,637