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REGISTERED NUMBER: 13047105 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

XASW LIMITED

XASW LIMITED (REGISTERED NUMBER: 13047105)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


XASW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Mr D L Parker
Mrs V L Parker





REGISTERED OFFICE: Ground Floor Marlborough House
298 Regents Park Road
London
London
N3 2SZ





REGISTERED NUMBER: 13047105 (England and Wales)





ACCOUNTANTS: Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ

XASW LIMITED (REGISTERED NUMBER: 13047105)

BALANCE SHEET
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £    £   
CURRENT ASSETS
Debtors 4 120,229 128,229
Cash at bank 238 1,349
120,467 129,578
CREDITORS
Amounts falling due within one year 5 24,942 29,724
NET CURRENT ASSETS 95,525 99,854
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,525

99,854

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 7 95,523 99,852
SHAREHOLDERS' FUNDS 95,525 99,854

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 15 April 2025 and were signed on its behalf by:





Mr D L Parker - Director


XASW LIMITED (REGISTERED NUMBER: 13047105)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

XASW 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. DEBTORS
30.11.24 30.11.23
£    £   
Amounts falling due within one year:
Trade debtors 16,422 24,422

Amounts falling due after more than one year:
Loan 103,807 103,807

Aggregate amounts 120,229 128,229

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 280 -
Corporation tax 14,340 26,227
Director's current account 8,474 1,200
Accruals and deferred income 1,848 2,297
24,942 29,724

XASW LIMITED (REGISTERED NUMBER: 13047105)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
2 Ordinary Shares £1 2 2

7. RESERVES
Retained
earnings
£   

At 1 December 2023 99,852
Deficit for the year (4,329 )
At 30 November 2024 95,523

8. RELATED PARTY DISCLOSURES

At the balance sheet date, included within creditors due within one year, is an amount of £8,474 (2023 - £1,200) owed to the directors. This loan is interest free, of no fixed term and repayable on demand.

Under other debtors more than 1 year, there is a loan of £103,807 (2023 - £103,807) to Parachuting Caravan Leasing Limited of which Mr Parker is a 50% shareholder. The loan is interest free, with no fixed terms of repayment.

The controlling parties are the company directors by virtue of their shareholdings.

9. TAXATION

At the year end, the company has carried forward losses of £4,329 which it can use against future taxable profits.