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REGISTERED NUMBER: 04416819 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

XENON MANAGEMENT TRAINING & RECRUITMENT
LIMITED

XENON MANAGEMENT TRAINING & RECRUITMENT
LIMITED (REGISTERED NUMBER: 04416819)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


XENON MANAGEMENT TRAINING & RECRUITMENT
LIMITED (REGISTERED NUMBER: 04416819)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 5,406 5,025

CURRENT ASSETS
Debtors 5 44,135 108,584
Cash at bank 19,305 10,531
63,440 119,115
CREDITORS
Amounts falling due within one year 6 178,957 116,906
NET CURRENT (LIABILITIES)/ASSETS (115,517 ) 2,209
TOTAL ASSETS LESS CURRENT
LIABILITIES

(110,111

)

7,234

CREDITORS
Amounts falling due after more than one year 7 (50,463 ) (88,463 )

PROVISIONS FOR LIABILITIES (986 ) (801 )
NET LIABILITIES (161,560 ) (82,030 )

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings (161,960 ) (82,430 )
SHAREHOLDERS' FUNDS (161,560 ) (82,030 )

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.

XENON MANAGEMENT TRAINING & RECRUITMENT
LIMITED (REGISTERED NUMBER: 04416819)

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 Board of Directors and authorised for issue on 27 December 2024 and were signed on its behalf by:





Mr D L Morris - Director


XENON MANAGEMENT TRAINING & RECRUITMENT
LIMITED (REGISTERED NUMBER: 04416819)

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

1. Statutory information

Xenon Management Training & Recruitment Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04416819

Registered office: Carrwood Park
Selby Road
Leeds
LS15 4LG

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.

The balance sheet shows an excess of total liabilities over total assets. However, the directors are of the opinion that the company has adequate working capital to continue in operational existence for a period of not less than twelve months as they will continue to financially support the business. As a result the directors have adopted the going concern basis of accounting.

Turnover
Revenue 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.
Office equipment - 25% on reducing balance

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.

XENON MANAGEMENT TRAINING & RECRUITMENT
LIMITED (REGISTERED NUMBER: 04416819)

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

2. Accounting policies - continued

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 6 (2023 - 7 ) .

4. Property, plant and equipment
Office
equipment
£   
Cost
At 1 April 2023 13,565
Additions 1,876
At 31 March 2024 15,441
Depreciation
At 1 April 2023 8,540
Charge for year 1,495
At 31 March 2024 10,035
Net book value
At 31 March 2024 5,406
At 31 March 2023 5,025

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 32,843 51,344
Other debtors 11,292 57,240
44,135 108,584

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 6,538 7,684
Taxation and social security 53,940 54,256
Other creditors 118,479 54,966
178,957 116,906

XENON MANAGEMENT TRAINING & RECRUITMENT
LIMITED (REGISTERED NUMBER: 04416819)

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

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Other creditors 50,463 88,463

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 7,136 13,089

8. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr D L Morris and Mrs S Morris
Balance outstanding at start of year 13,497 62,815
Amounts advanced - 84,427
Amounts repaid (13,497 ) (133,745 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 13,497

Mr C J Morris
Balance outstanding at start of year 16,473 20,781
Amounts advanced - 942
Amounts repaid (16,473 ) (5,250 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 16,473

Interest was charged on the above loans at the official rates set by HM Revenue & Customs.