Registered number
11430613
XALLODAN LTD
Filleted Accounts
30 June 2024
XALLODAN LTD
Registered number: 11430613
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 6,970 8,500
Current assets
Stocks 87,920 65,498
Debtors 4 - 5,314
Cash at bank and in hand 197 556
88,117 71,368
Creditors: amounts falling due within one year 5 (76,976) (58,266)
Net current assets 11,141 13,102
Total assets less current liabilities 18,111 21,602
Creditors: amounts falling due after more than one year 6 (42,945) (49,299)
Net liabilities (24,834) (27,697)
Capital and reserves
Called up share capital 1 1
Profit and loss account (24,835) (27,698)
Shareholders' funds (24,834) (27,697)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ali FIRAT
Director
Approved by the board on 25 March 2025
XALLODAN LTD
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, excluding in the year of acquisition, at rates calculated to write off the cost, less estimated residual value, as follows:
Plant and machinery 18%, reducing balance method
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Corporation tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 July 2023 8,500
At 30 June 2024 8,500
Depreciation
Charge for the year 1,530
At 30 June 2024 1,530
Net book value
At 30 June 2024 6,970
At 30 June 2023 8,500
4 Debtors 2024 2023
£ £
Other debtors - 5,314
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,852 320
Taxation and social security costs 13,084 5,746
Other creditors 62,040 52,200
76,976 58,266
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 30,735 37,299
Other creditors 12,210 12,000
42,945 49,299
7 Other information
XALLODAN LTD is a private company limited by shares and incorporated in England. Its registered office is:
Chingford Food Centre
1 Chingford Mount Road
Waltham Forest
E4 8LU
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