IRIS Accounts Production v24.3.0.553 12543981 Board of Directors Board of Directors 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh125439812023-04-30125439812024-04-30125439812023-05-012024-04-30125439812022-04-30125439812022-05-012023-04-30125439812023-04-3012543981ns15:EnglandWales2023-05-012024-04-3012543981ns14:PoundSterling2023-05-012024-04-3012543981ns10:Director12023-05-012024-04-3012543981ns10:Director22023-05-012024-04-3012543981ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3012543981ns10:SmallEntities2023-05-012024-04-3012543981ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3012543981ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3012543981ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3012543981ns10:FullAccounts2023-05-012024-04-301254398112023-05-012024-04-3012543981ns10:RegisteredOffice2023-05-012024-04-3012543981ns5:CurrentFinancialInstruments2024-04-3012543981ns5:CurrentFinancialInstruments2023-04-3012543981ns5:ShareCapital2024-04-3012543981ns5:ShareCapital2023-04-3012543981ns5:RetainedEarningsAccumulatedLosses2024-04-3012543981ns5:RetainedEarningsAccumulatedLosses2023-04-3012543981ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3012543981ns5:PatentsTrademarksLicencesConcessionsSimilar2023-05-012024-04-3012543981ns5:ComputerSoftware2023-05-012024-04-3012543981ns5:PlantMachinery2023-05-012024-04-3012543981ns5:IntangibleAssetsOtherThanGoodwill2023-04-3012543981ns5:IntangibleAssetsOtherThanGoodwill2024-04-3012543981ns5:IntangibleAssetsOtherThanGoodwill2023-04-3012543981ns5:LeaseholdImprovements2023-04-3012543981ns5:PlantMachinery2023-04-3012543981ns5:FurnitureFittings2023-04-3012543981ns5:ComputerEquipment2023-04-3012543981ns5:LeaseholdImprovements2023-05-012024-04-3012543981ns5:FurnitureFittings2023-05-012024-04-3012543981ns5:ComputerEquipment2023-05-012024-04-3012543981ns5:LeaseholdImprovements2024-04-3012543981ns5:PlantMachinery2024-04-3012543981ns5:FurnitureFittings2024-04-3012543981ns5:ComputerEquipment2024-04-3012543981ns5:LeaseholdImprovements2023-04-3012543981ns5:PlantMachinery2023-04-3012543981ns5:FurnitureFittings2023-04-3012543981ns5:ComputerEquipment2023-04-3012543981ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3012543981ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30
REGISTERED NUMBER: 12543981 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

XOR UK CORPORATION LIMITED

XOR UK CORPORATION LIMITED (REGISTERED NUMBER: 12543981)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


XOR UK CORPORATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: H H Hutchison
L Yan





REGISTERED OFFICE: Unit 11- 12
Stanhope Gate
Stanhope Road
Camberley
Surrey
GU15 3DW





REGISTERED NUMBER: 12543981 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

XOR UK CORPORATION LIMITED (REGISTERED NUMBER: 12543981)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 153,750 174,354
Tangible assets 5 10,452 10,697
164,202 185,051

CURRENT ASSETS
Stocks 620,878 847,847
Debtors 6 808,246 1,603,313
Cash at bank 29,522 27,998
1,458,646 2,479,158
CREDITORS
Amounts falling due within one year 7 2,423,244 3,420,524
NET CURRENT LIABILITIES (964,598 ) (941,366 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(800,396

)

(756,315

)

CAPITAL AND RESERVES
Called up share capital 7,500 7,500
Retained earnings (807,896 ) (763,815 )
(800,396 ) (756,315 )

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

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

XOR UK CORPORATION LIMITED (REGISTERED NUMBER: 12543981)

BALANCE SHEET - continued
30TH APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th January 2025 and were signed on its behalf by:




L Yan - Director



H H Hutchison - Director


XOR UK CORPORATION LIMITED (REGISTERED NUMBER: 12543981)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024


1. STATUTORY INFORMATION

XOR UK Corporation Limited 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. 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 directors, having reviewed future cashflow and working capital needs, believe the company will be able to continue to trade for the foreseeable future.

The company has received assurances from the partners in the development that they will not seek payment for support and materials until cashflow permits.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Computer software is being amortised evenly over its estimated useful life of three years.

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 etc - 33% on cost and 20% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. The amount of any write-down of stocks and all losses of stocks are recognised as an expense in the period in which the write-down or loss occur.

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 balance sheet date.


XOR UK CORPORATION LIMITED (REGISTERED NUMBER: 12543981)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


2. ACCOUNTING POLICIES - continued
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.

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.

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 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st May 2023
and 30th April 2024 206,875
AMORTISATION
At 1st May 2023 32,521
Charge for year 20,604
At 30th April 2024 53,125
NET BOOK VALUE
At 30th April 2024 153,750
At 30th April 2023 174,354

XOR UK CORPORATION LIMITED (REGISTERED NUMBER: 12543981)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st May 2023 2,496 22,243 7,475 1,181 33,395
Additions - 595 - 4,494 5,089
At 30th April 2024 2,496 22,838 7,475 5,675 38,484
DEPRECIATION
At 1st May 2023 1,414 13,655 7,059 570 22,698
Charge for year 500 3,848 416 570 5,334
At 30th April 2024 1,914 17,503 7,475 1,140 28,032
NET BOOK VALUE
At 30th April 2024 582 5,335 - 4,535 10,452
At 30th April 2023 1,082 8,588 416 611 10,697

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 667,395 1,435,111
Other debtors 140,851 168,202
808,246 1,603,313

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,292,101 3,323,202
Taxation and social security 4,602 -
Other creditors 126,541 97,322
2,423,244 3,420,524