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X-BRELLA (UK) LTD

Unaudited Financial Statements

for the Year Ended 30th June 2024






X-BRELLA (UK) LTD (REGISTERED NUMBER: 06187994)






Contents of the Financial Statements
for the year ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


X-BRELLA (UK) LTD

Company Information
for the year ended 30th June 2024







DIRECTORS: Ms X Zhang
Y Zhang
D Cloke





SECRETARY: Ms X Zhang





REGISTERED OFFICE: 52 Evans Road
Speke
Liverpool
L24 9PB





REGISTERED NUMBER: 06187994 (England and Wales)





ACCOUNTANTS: Haines Watts Wirral Limited
1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH

X-BRELLA (UK) LTD (REGISTERED NUMBER: 06187994)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 60,795 81,059

CURRENT ASSETS
Stocks 449,757 459,138
Debtors 5 872,708 845,715
Cash at bank 240,037 86,479
1,562,502 1,391,332
CREDITORS
Amounts falling due within one year 6 621,782 438,878
NET CURRENT ASSETS 940,720 952,454
TOTAL ASSETS LESS CURRENT LIABILITIES 1,001,515 1,033,513

CREDITORS
Amounts falling due after more than one
year

7

(6,065

)

(18,195

)

PROVISIONS FOR LIABILITIES (15,199 ) (20,265 )
NET ASSETS 980,251 995,053

CAPITAL AND RESERVES
Called up share capital 400,000 400,000
Retained earnings 580,251 595,053
SHAREHOLDERS' FUNDS 980,251 995,053

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

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

X-BRELLA (UK) LTD (REGISTERED NUMBER: 06187994)

Balance Sheet - continued
30th June 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 4th March 2025 and were signed on its behalf by:





Ms X Zhang - Director


X-BRELLA (UK) LTD (REGISTERED NUMBER: 06187994)

Notes to the Financial Statements
for the year ended 30th June 2024

1. STATUTORY INFORMATION

X-brella (UK) 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. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Debtors, creditors and directors loans (being repayable on demand) are measured at the undiscounted amount of the cash or other consideration expected to be paid.

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.

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.

X-BRELLA (UK) LTD (REGISTERED NUMBER: 06187994)

Notes to the Financial Statements - continued
for the year ended 30th June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st July 2023
and 30th June 2024 33,625 62,215 56,190 43,217 195,247
DEPRECIATION
At 1st July 2023 25,091 40,679 14,048 34,370 114,188
Charge for year 2,133 5,384 10,535 2,212 20,264
At 30th June 2024 27,224 46,063 24,583 36,582 134,452
NET BOOK VALUE
At 30th June 2024 6,401 16,152 31,607 6,635 60,795
At 30th June 2023 8,534 21,536 42,142 8,847 81,059

X-BRELLA (UK) LTD (REGISTERED NUMBER: 06187994)

Notes to the Financial Statements - continued
for the year ended 30th June 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st July 2023
and 30th June 2024 56,190
DEPRECIATION
At 1st July 2023 14,048
Charge for year 10,535
At 30th June 2024 24,583
NET BOOK VALUE
At 30th June 2024 31,607
At 30th June 2023 42,142

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 146,237 112,869
Other debtors 714,971 722,079
Directors' current accounts 11,500 -
VAT - 10,767
872,708 845,715

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 12,130 12,130
Trade creditors 95,987 (31,650 )
Tax 77,098 23,355
Social security and other taxes 252 -
VAT 1,508 -
Other creditors 434,807 435,043
621,782 438,878

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 6,065 18,195

X-BRELLA (UK) LTD (REGISTERED NUMBER: 06187994)

Notes to the Financial Statements - continued
for the year ended 30th June 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Ms X Zhang
Balance outstanding at start of year - 47,135
Amounts advanced 11,500 -
Amounts repaid - (47,135 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,500 -

All overdrawn director's loan account balances are interest free and repayable on demand. All overdrawn balances in the reporting period were paid within 9 months of the year-end.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £225,400 (2023 - £81,700) were paid to X and D Limited, a company under the control of the directors of X-Brella (UK) Ltd.

Included in other debtors is the sum of £695,722 (2023 - £702,816) owing from X & D Limited, a company under the control of the directors of X-Brella (UK) Ltd.

Included in other creditors is the sum of £420,346 (2023 - £420,346) owing to X-Brella (Hong Kong) Limited, a company under the control of the directors of X-Brella (UK) Ltd..