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REGISTERED NUMBER: 05655382 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

XCS (UK) LIMITED

XCS (UK) LIMITED (REGISTERED NUMBER: 05655382)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

XCS (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: J Leonard
J C Malone





SECRETARY: J Leonard





REGISTERED OFFICE: Unit 10 The Glenmore Centre
Sandleheath Ind Estate
Brickyard Road
Fordingbridge
SP6 1TE





REGISTERED NUMBER: 05655382 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

XCS (UK) LIMITED (REGISTERED NUMBER: 05655382)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 113,472 97,020

CURRENT ASSETS
Stocks 8,000 5,000
Debtors 5 73,621 64,236
Cash at bank and in hand 233,946 272,005
315,567 341,241
CREDITORS
Amounts falling due within one year 6 85,577 94,238
NET CURRENT ASSETS 229,990 247,003
TOTAL ASSETS LESS CURRENT
LIABILITIES

343,462

344,023

CREDITORS
Amounts falling due after more than one
year

7

(17,788

)

-

PROVISIONS FOR LIABILITIES (10,836 ) (3,628 )
NET ASSETS 314,838 340,395

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 314,638 340,195
314,838 340,395

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

XCS (UK) LIMITED (REGISTERED NUMBER: 05655382)

BALANCE SHEET - continued
31 DECEMBER 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 19 March 2025 and were signed on its behalf by:





J C Malone - Director


XCS (UK) LIMITED (REGISTERED NUMBER: 05655382)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

XCS (UK) 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.

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.
Freehold property - 2% on cost
Short leasehold - 10% on reducing balance
Equipment, fixtures & fittings - 25% on cost
Motor vehicles - 25% on cost
Equipment for rental - 25% on cost

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 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.


XCS (UK) LIMITED (REGISTERED NUMBER: 05655382)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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
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.

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 7 (2023 - 7 ) .

XCS (UK) LIMITED (REGISTERED NUMBER: 05655382)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Equipment,
Freehold Short fixtures
property leasehold & fittings
£    £    £   
COST
At 1 January 2024 101,636 13,333 47,144
Additions - - -
Disposals - - -
At 31 December 2024 101,636 13,333 47,144
DEPRECIATION
At 1 January 2024 29,476 13,333 43,467
Charge for year 2,033 - 1,861
Eliminated on disposal - - -
At 31 December 2024 31,509 13,333 45,328
NET BOOK VALUE
At 31 December 2024 70,127 - 1,816
At 31 December 2023 72,160 - 3,677

Equipment
Motor for
vehicles rental Totals
£    £    £   
COST
At 1 January 2024 103,437 19,500 285,050
Additions 47,874 - 47,874
Disposals (37,429 ) - (37,429 )
At 31 December 2024 113,882 19,500 295,495
DEPRECIATION
At 1 January 2024 91,691 10,063 188,030
Charge for year 23,716 3,812 31,422
Eliminated on disposal (37,429 ) - (37,429 )
At 31 December 2024 77,978 13,875 182,023
NET BOOK VALUE
At 31 December 2024 35,904 5,625 113,472
At 31 December 2023 11,746 9,437 97,020

XCS (UK) LIMITED (REGISTERED NUMBER: 05655382)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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
Additions 47,874
At 31 December 2024 47,874
DEPRECIATION
Charge for year 11,970
At 31 December 2024 11,970
NET BOOK VALUE
At 31 December 2024 35,904

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,124 11,425
Other debtors 54,497 52,811
73,621 64,236

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 6,468 -
Trade creditors 19,538 18,867
Taxation and social security 48,110 64,479
Other creditors 11,461 10,892
85,577 94,238

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 17,788 -

XCS (UK) LIMITED (REGISTERED NUMBER: 05655382)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
J C Malone
Balance outstanding at start of year 48,798 -
Amounts advanced - 48,798
Amounts repaid (10,834 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 37,964 48,798

9. RELATED PARTY DISCLOSURES

Included within Creditors: amounts falling due within one year, is the balance of loans received by the company from the Directors. These loans are interest free and repayable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
XCS (UK) 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 XCS (UK) Limited for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 XCS (UK) 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 XCS (UK) Limited and state those matters that we have agreed to state to the Board of Directors of XCS (UK) 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 XCS (UK) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that XCS (UK) 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 XCS (UK) Limited. You consider that XCS (UK) 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 XCS (UK) 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.






Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE


19 March 2025