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REGISTERED NUMBER: SC467599 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Xel Business Solutions Ltd

Xel Business Solutions Ltd (Registered number: SC467599)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Xel Business Solutions Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Miss C A Sneddon





SECRETARY:





REGISTERED OFFICE: Catcraig Quarry
Craigie
Kilmarnock
Ayrshire
KA1 5NB





REGISTERED NUMBER: SC467599 (Scotland)





ACCOUNTANTS: Xel Business Solutions Ltd
Catcraig Quarry
Craigie
Ayrshire
KA1 5NB

Xel Business Solutions Ltd (Registered number: SC467599)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 787 926

CURRENT ASSETS
Debtors 5 37,348 5,495
Cash at bank 110,395 111,487
147,743 116,982
CREDITORS
Amounts falling due within one year 6 19,689 12,187
NET CURRENT ASSETS 128,054 104,795
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,841

105,721

CREDITORS
Amounts falling due after more than one
year

7

6,976

9,955
NET ASSETS 121,865 95,766

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 121,815 95,716
SHAREHOLDERS' FUNDS 121,865 95,766

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 director acknowledges her 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.

Xel Business Solutions Ltd (Registered number: SC467599)

Balance Sheet - continued
31 March 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 director and authorised for issue on 4 December 2024 and were signed by:





Miss C A Sneddon - Director


Xel Business Solutions Ltd (Registered number: SC467599)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Xel Business Solutions Ltd is a private company, limited by shares , registered in Scotland. 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.

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.

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 year was NIL (2023 - NIL).

Xel Business Solutions Ltd (Registered number: SC467599)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 3,018
DEPRECIATION
At 1 April 2023 2,092
Charge for year 139
At 31 March 2024 2,231
NET BOOK VALUE
At 31 March 2024 787
At 31 March 2023 926

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 7,348 5,495
Other debtors 30,000 -
37,348 5,495

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 6,584 6,751
Other creditors 13,105 5,436
19,689 12,187

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 6,976 9,955