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REGISTERED NUMBER: 11928892 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

XEPA International Ltd

XEPA International Ltd (Registered number: 11928892)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


XEPA International Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: M H Vindhani





REGISTERED OFFICE: Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW





REGISTERED NUMBER: 11928892 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

XEPA International Ltd (Registered number: 11928892)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 15,436 20,075

CURRENT ASSETS
Stocks 91,163 62,694
Debtors 5 176,050 165,791
Cash at bank and in hand 126,508 111,087
393,721 339,572
CREDITORS
Amounts falling due within one year 6 (245,876 ) (216,836 )
NET CURRENT ASSETS 147,845 122,736
TOTAL ASSETS LESS CURRENT
LIABILITIES

163,281

142,811

CREDITORS
Amounts falling due after more than one
year

7

(68,018

)

(35,213

)

PROVISIONS FOR LIABILITIES (5,019 ) (5,019 )
NET ASSETS 90,244 102,579

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 90,144 102,479
90,244 102,579

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

XEPA International Ltd (Registered number: 11928892)

Balance Sheet - continued
30 April 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 director and authorised for issue on 25 April 2025 and were signed by:





M H Vindhani - Director


XEPA International Ltd (Registered number: 11928892)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

XEPA International Ltd 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance and 20% on reducing balance
Computer equipment - 33% on reducing balance and 20% on cost

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell.
Cost is calculated using first-in, first-out method and includes all purchase, transport and handling
costs in bringing stocks to their present location and condition.

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.

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.

XEPA International Ltd (Registered number: 11928892)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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.

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 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 15 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 3,500 3,727 25,000 16,497 48,724
Additions - 1,110 - 1,512 2,622
At 30 April 2024 3,500 4,837 25,000 18,009 51,346
DEPRECIATION
At 1 May 2023 1,708 1,737 14,496 10,708 28,649
Charge for year 358 968 2,554 3,381 7,261
At 30 April 2024 2,066 2,705 17,050 14,089 35,910
NET BOOK VALUE
At 30 April 2024 1,434 2,132 7,950 3,920 15,436
At 30 April 2023 1,792 1,990 10,504 5,789 20,075

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 113,311 145,026
Other debtors 62,739 20,765
176,050 165,791

XEPA International Ltd (Registered number: 11928892)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 15,201 10,000
Hire purchase contracts 4,200 3,095
Trade creditors 61,106 79,996
Taxation and social security 100,610 59,185
Other creditors 64,759 64,560
245,876 216,836

Other creditors include accruals and deferred income of £2,400 (2023: £32,700).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 65,918 29,167
Hire purchase contracts 2,100 6,046
68,018 35,213

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 9,890 -

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 6,300 9,141

Hire purchase liabilities are secured on the individual assets being acquired.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
M H Vindhani
Balance outstanding at start of year - -
Amounts advanced 56,851 11,462
Amounts repaid (38,429 ) (11,462 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,422 -

The loan was repayable on demand and interest has been charged at the HMRC Official Rate.