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REGISTERED NUMBER: 07195572 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Exxollon Limited

Exxollon Limited (Registered number: 07195572)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Exxollon Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: P A Durham
S C Stalker
A Jenkinson





SECRETARY: P A Durham





REGISTERED OFFICE: Unit 4 South Leeds Trade Centre Belle
Isle Road
Leeds
LS10 2DL





REGISTERED NUMBER: 07195572 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Alexandra House
43 Alexandra St
Nottingham
Nottinghamshire
NG5 1AY

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Exxollon Limited

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 Balance Sheet. 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 Exxollon Limited for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Exxollon Limited, 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 Exxollon Limited and state those matters that we have agreed to state to the Board of Directors of Exxollon Limited, 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 Exxollon Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Exxollon Limited 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 Exxollon Limited. You consider that Exxollon Limited 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 Exxollon Limited. 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.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Alexandra House
43 Alexandra St
Nottingham
Nottinghamshire
NG5 1AY


12 March 2025

Exxollon Limited (Registered number: 07195572)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,146 57,367

CURRENT ASSETS
Stocks 159,078 181,671
Debtors 5 327,732 330,319
Cash at bank 2,825 3,910
489,635 515,900
CREDITORS
Amounts falling due within one year 6 863,370 908,901
NET CURRENT LIABILITIES (373,735 ) (393,001 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(338,589

)

(335,634

)

CREDITORS
Amounts falling due after more than one
year

7

73,844

84,048
NET LIABILITIES (412,433 ) (419,682 )

CAPITAL AND RESERVES
Called up share capital 450 450
Share premium 150,000 150,000
Capital redemption reserve 150 150
Retained earnings (563,033 ) (570,282 )
(412,433 ) (419,682 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2025 and were signed on its behalf by:





P A Durham - Director


Exxollon Limited (Registered number: 07195572)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Exxollon 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 have prepared the accounts on the going concern basis on the assumption that the directors will continue to support the entity and that the related party loan will not be repaid until there are sufficient reserves to do so. At the year end the company had net liabilities of £412,433 (2023: £419,682).

The financial statements are prepared in sterling, which is the functional currency of the entity rounded to the
nearest £.

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.
Improvements to property - 10% on cost
Plant and machinery - 25% on cost
Computer equipment - 25% on cost

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated
depreciation and impairment losses.

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

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 12 ) .

Exxollon Limited (Registered number: 07195572)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 June 2023 11,515 49,873 47,971 109,359
Additions - 2,862 - 2,862
At 31 May 2024 11,515 52,735 47,971 112,221
DEPRECIATION
At 1 June 2023 1,686 20,813 29,493 51,992
Charge for year 1,151 13,184 10,748 25,083
At 31 May 2024 2,837 33,997 40,241 77,075
NET BOOK VALUE
At 31 May 2024 8,678 18,738 7,730 35,146
At 31 May 2023 9,829 29,060 18,478 57,367

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 131,916 143,183
Other debtors 195,816 187,136
327,732 330,319

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 36,205 39,453
Trade creditors 160,052 167,551
Taxation and social security 109,165 124,612
Other creditors 557,948 577,285
863,370 908,901

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 12,231 22,435
Other creditors 61,613 61,613
73,844 84,048

8. RELATED PARTY DISCLOSURES

Included within other creditors is a loan from a related party of £512,250 (2023: £524,750). The loan bears no interest and is repayable upon demand.