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XB SWISS LTD

Registered Number
07235391
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

XB SWISS LTD
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

BROWN, David

Registered Address

Unit 19 Broxhead House
60 Barbados Road
Bordon
GU35 0FX

Registered Number

07235391 (England and Wales)
XB SWISS LTD
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets332,85855,643
32,85855,643
Current assets
Debtors4157,889125,262
Cash at bank and on hand243,729132,490
401,618257,752
Creditors amounts falling due within one year5(101,956)(65,684)
Net current assets (liabilities)299,662192,068
Total assets less current liabilities332,520247,711
Net assets332,520247,711
Capital and reserves
Called up share capital200200
Profit and loss account332,320247,511
Shareholders' funds332,520247,711
The financial statements were approved and authorised for issue by the Director on 6 February 2025, and are signed on its behalf by:
BROWN, David
Director
Registered Company No. 07235391
XB SWISS LTD
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year75
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 October 2382,112
Additions1,075
At 30 September 2474,828
Depreciation and impairment
At 01 October 2326,469
Charge for year23,860
At 30 September 2441,969
Net book value
At 30 September 2432,858
At 30 September 2355,643
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables153,554124,099
Prepayments and accrued income4,3351,163
Total157,889125,262
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables2,8302,411
Taxation and social security75,60129,475
Finance lease and HP contracts-10,871
Accrued liabilities and deferred income23,52522,927
Total101,95665,684