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REGISTERED NUMBER: 07670336 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

XS Training Ltd

XS Training Ltd (Registered number: 07670336)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

XS Training Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: S C Driver
D J Alexis





REGISTERED OFFICE: 16 Wortley Moor Lane
Leeds
West Yorkshire
LS12 4HX





REGISTERED NUMBER: 07670336 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

XS Training Ltd (Registered number: 07670336)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Intangible assets 5 60,319 25,360
Tangible assets 6 396,796 407,594
457,115 432,954

CURRENT ASSETS
Debtors 7 367,447 355,862
Cash at bank 576,313 729,284
943,760 1,085,146
CREDITORS
Amounts falling due within one year 8 (199,526 ) (297,932 )
NET CURRENT ASSETS 744,234 787,214
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,201,349

1,220,168

PROVISIONS FOR LIABILITIES (3,919 ) (1,968 )
NET ASSETS 1,197,430 1,218,200

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,197,330 1,218,100
SHAREHOLDERS' FUNDS 1,197,430 1,218,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Statement of Income and Retained Earnings has not been delivered.

XS Training Ltd (Registered number: 07670336)

Statement of Financial Position - continued
30 June 2024



The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:




S C Driver - Director



D J Alexis - Director


XS Training Ltd (Registered number: 07670336)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

XS Training 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at fair value and revalued accordingly.

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 reducing balance
Fixtures and fittings - 33% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

XS Training Ltd (Registered number: 07670336)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 8 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST OR VALUATION
At 1 July 2023 25,360
Revaluations 34,959
At 30 June 2024 60,319
NET BOOK VALUE
At 30 June 2024 60,319
At 30 June 2023 25,360

Cost or valuation at 30 June 2024 is represented by:

Other
intangible
assets
£   
Valuation in 2022 (34,005 )
Valuation in 2023 (635 )
Valuation in 2024 34,959
Cost 60,000
60,319

XS Training Ltd (Registered number: 07670336)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2023 385,959 1,386 13,970
Additions - - 2,402
Disposals - - -
At 30 June 2024 385,959 1,386 16,372
DEPRECIATION
At 1 July 2023 7,719 801 10,132
Charge for year 7,719 146 2,059
Eliminated on disposal - - -
At 30 June 2024 15,438 947 12,191
NET BOOK VALUE
At 30 June 2024 370,521 439 4,181
At 30 June 2023 378,240 585 3,838

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 12,000 100,788 514,103
Additions - 12,895 15,297
Disposals - (71,416 ) (71,416 )
At 30 June 2024 12,000 42,267 457,984
DEPRECIATION
At 1 July 2023 3,000 84,857 106,509
Charge for year 2,250 13,772 25,946
Eliminated on disposal - (71,267 ) (71,267 )
At 30 June 2024 5,250 27,362 61,188
NET BOOK VALUE
At 30 June 2024 6,750 14,905 396,796
At 30 June 2023 9,000 15,931 407,594

7. DEBTORS
30.6.24 30.6.23
£    £   
Amounts falling due within one year:
Trade debtors 66,665 45,936
Directors' current accounts 72,789 81,558
Tax 28,469 28,469
Prepayments - 1,667
167,923 157,630

XS Training Ltd (Registered number: 07670336)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. DEBTORS - continued
30.6.24 30.6.23
£    £   
Amounts falling due after more than one year:
Amounts owed by group undertakings 199,524 198,232

Aggregate amounts 367,447 355,862

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 18,002 22,314
Tax 52,115 144,717
Other creditors 122,221 123,754
Directors' current accounts 2,909 3,299
Accrued expenses 4,279 3,848
199,526 297,932

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
D J Alexis
Balance outstanding at start of year 81,558 90,522
Amounts repaid (8,769 ) (8,964 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 72,789 81,558

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
XS Training Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of XS Training Ltd for the year ended 30 June 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of XS Training Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of XS Training Ltd and state those matters that we have agreed to state to the Board of Directors of XS Training Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than XS Training Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that XS Training Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of XS Training Ltd. You consider that XS Training Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of XS Training Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


3 December 2024