Registered number
08891346
Train Xhale Limited
Filleted Accounts
29 February 2024
Train Xhale Limited
Registered number: 08891346
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,388 2,615
Current assets
Stocks (1,631) (1,436)
Debtors 4 5,618 3,618
Cash at bank and in hand 11,230 18,434
15,217 20,616
Creditors: amounts falling due within one year 5 (4,363) (5,302)
Net current assets 10,854 15,314
Net assets 13,242 17,929
Capital and reserves
Called up share capital 100 100
Profit and loss account 13,142 17,829
Shareholders' funds 13,242 17,929
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Alan Pritt
Director
Approved by the board on 18 November 2024
Train Xhale Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 7,208
Additions 568
At 29 February 2024 7,776
Depreciation
At 1 March 2023 4,593
Charge for the year 795
At 29 February 2024 5,388
Net book value
At 29 February 2024 2,388
At 28 February 2023 2,615
4 Debtors 2024 2023
£ £
Trade debtors 3,473 1,473
Other debtors 2,145 2,145
5,618 3,618
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,656 1,656
Taxation and social security costs 2,641 3,580
Other creditors 66 66
4,363 5,302
6 Other information
Train Xhale Limited is a private company limited by shares and incorporated in England. Its registered office is:
42 Barsham Drive
South Wootton
Kings Lynn
Norfolk
PE30 3TT
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