XE COMMERCE LIMITED

Company Registration Number:
11875398 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

XE COMMERCE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

XE COMMERCE LIMITED

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 7,135,874 4,561,082
Cost of sales: ( 4,921,147 ) ( 2,914,143 )
Gross profit(or loss): 2,214,727 1,646,939
Distribution costs: ( 259,544 ) ( 127,619 )
Administrative expenses: ( 554,089 ) ( 408,817 )
Operating profit(or loss): 1,401,094 1,110,503
Profit(or loss) before tax: 1,401,094 1,110,503
Tax: ( 325,458 ) ( 151,086 )
Profit(or loss) for the financial year: 1,075,636 959,417

XE COMMERCE LIMITED

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 974,518 828,654
Total fixed assets: 974,518 828,654
Current assets
Stocks: 4 1,798,658 643,758
Debtors: 5 1,452,115 736,845
Cash at bank and in hand: 199,364 352,643
Total current assets: 3,450,137 1,733,246
Creditors: amounts falling due within one year: 6 ( 1,024,584 ) ( 237,465 )
Net current assets (liabilities): 2,425,553 1,495,781
Total assets less current liabilities: 3,400,071 2,324,435
Total net assets (liabilities): 3,400,071 2,324,435
Capital and reserves
Called up share capital: 250,000 250,000
Profit and loss account: 3,150,071 2,074,435
Total Shareholders' funds: 3,400,071 2,324,435

The notes form part of these financial statements

XE COMMERCE LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 1 November 2024
and signed on behalf of the board by:

Name: Nina Dave
Status: Director

The notes form part of these financial statements

XE COMMERCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

XE COMMERCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 25 12

XE COMMERCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 567,822 55,310 37,923 62,210 193,957 917,222
Additions 28,547 59,854 110,421 92,109 290,931
Disposals
Revaluations
Transfers
At 31 March 2024 567,822 83,857 97,777 172,631 286,066 1,208,153
Depreciation
At 1 April 2023 13,639 12,320 25,893 36,716 88,568
Charge for year 16,771 19,555 34,526 74,215 145,067
On disposals
Other adjustments
At 31 March 2024 30,410 31,875 60,419 110,931 233,635
Net book value
At 31 March 2024 567,822 53,447 65,902 112,212 175,135 974,518
At 31 March 2023 567,822 41,671 25,603 36,317 157,241 828,654

XE COMMERCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Stocks

2024 2023
£ £
Stocks 1,798,658 643,758
Total 1,798,658 643,758

XE COMMERCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
£ £
Trade debtors 1,452,115 736,845
Total 1,452,115 736,845

XE COMMERCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 608,912 86,379
Taxation and social security 415,672 151,086
Total 1,024,584 237,465