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Registration number: 05608092

Xentair International Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Xentair International Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Xentair International Limited

Company Information

Directors

Mr P R Miles

Mrs E L Miles

Mr H W Piggot

Registered office

Unit 4C
Ash Business Park
Ash Lane
Tadley
Hampshire
RG26 5FL

Accountants

ASL Accountants 15 Millers Way
Houghton Regis
Dunstable
Bedfordshire
LU5 5FH

 

Xentair International Limited

(Registration number: 05608092)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

2,945

4,075

Current assets

 

Stocks

6

51,800

27,780

Debtors

7

66,242

50,136

Cash at bank and in hand

 

173,377

229,654

 

291,419

307,570

Creditors: Amounts falling due within one year

8

(66,051)

(50,741)

Net current assets

 

225,368

256,829

Net assets

 

228,313

260,904

Capital and reserves

 

Called up share capital

100

100

Retained earnings

228,213

260,804

Shareholders' funds

 

228,313

260,904

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 March 2025 and signed on its behalf by:
 

.........................................
Mr P R Miles
Director

.........................................
Mr H W Piggot
Director

 
     
 

Xentair International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 4C
Ash Business Park
Ash Lane
Tadley
Hampshire
RG26 5FL

These financial statements were authorised for issue by the Board on 19 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Xentair International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

10% on cost

Motor vehicles

20% on cost

Office equipment

33% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Taxation

Tax charged/(credited) in the income statement

2024
£

2023
£

Current taxation

UK corporation tax

10,773

11,297

 

Xentair International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 November 2023

28,075

29,990

1,112

59,177

Additions

1,243

-

-

1,243

At 31 October 2024

29,318

29,990

1,112

60,420

Depreciation

At 1 November 2023

24,000

29,990

1,112

55,102

Charge for the year

2,373

-

-

2,373

At 31 October 2024

26,373

29,990

1,112

57,475

Carrying amount

At 31 October 2024

2,945

-

-

2,945

At 31 October 2023

4,075

-

-

4,075

6

Stocks

2024
£

2023
£

Other inventories

51,800

27,780

7

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

38,503

28,390

Amounts owed by related parties

10

24,500

20,300

Other debtors

 

3,239

1,446

   

66,242

50,136

 

Xentair International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

43,141

28,842

Amounts due to related parties

10

1,700

-

Other payables

 

7,337

7,502

Accruals

 

3,100

3,100

Corporation tax liability

10,773

11,297

 

66,051

50,741

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2023 - £946). The company has no formal lease agreement with the landlord of the premises it occupies rent being settled on a monthly non repairing basis.

10

Related party transactions

The loans to/from the directors are interest free and repayable on demand.

Transactions with directors

2024

At 1 November 2023
£

Repayments by director
£

At 31 October 2024
£

Mr P R Miles

Loan from the director

-

(1,700)

(1,700)

2023

At 1 November 2022
£

Advances to director
£

Repayments by director
£

At 31 October 2023
£

Mr P R Miles

Loan from the director

(1,004)

1,004

-

-

Mrs E L Miles

Loan to the director

1,163

-

(1,163)

-

 

Xentair International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Summary of transactions with all entities with joint control or significant interest

The company purchased no goods in 2024 from Eurochip Ltd (2023 £360) of which the directors H A Piggot and P A Miles are also controlling shareholders and directors.


 

Loans to related parties

2024

Entities with joint control or significant influence
£

Total
£

At start of period

20,300

20,300

Advanced

4,200

4,200

At end of period

24,500

24,500

2023

Entities with joint control or significant influence
£

Total
£

At start of period

15,000

15,000

Advanced

5,300

5,300

At end of period

20,300

20,300

Terms of loans to related parties

Interest free and repayable on demand loan to Sipped Ltd