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REGISTERED NUMBER: 05994968 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 December 2024

for

X-One Wholesale Limited

X-One Wholesale Limited (Registered number: 05994968)

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


X-One Wholesale Limited

Company Information
For The Year Ended 31 December 2024







DIRECTORS: M Edghill
S Thomson





SECRETARY: M Edghill





REGISTERED OFFICE: Unit 9 Ashford Industrial Estate
Shield Road
Ashford
Middlesesex
TW15 1AU





REGISTERED NUMBER: 05994968 (England and Wales)





ACCOUNTANTS: Hunt Ford & Co
Osborne House
143-145 Stanwell Road
Ashford
Middlesex
TW15 3QN

X-One Wholesale Limited (Registered number: 05994968)

Balance Sheet
31 December 2024

31/12/24 31/12/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 371,960 557,977

CURRENT ASSETS
Debtors 5 760,565 823,696
Cash at bank and in hand 507,598 618,877
1,268,163 1,442,573
CREDITORS
Amounts falling due within one year 6 1,116,320 989,331
NET CURRENT ASSETS 151,843 453,242
TOTAL ASSETS LESS CURRENT
LIABILITIES

523,803

1,011,219

CREDITORS
Amounts falling due after more than
one year

7

(170,397

)

(268,395

)

PROVISIONS FOR LIABILITIES 8 (91,721 ) (129,781 )
NET ASSETS 261,685 613,043

CAPITAL AND RESERVES
Called up share capital 66 100
Capital redemption reserve 9 34 -
Retained earnings 9 261,585 612,943
261,685 613,043

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.

X-One Wholesale Limited (Registered number: 05994968)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 June 2025 and were signed on its behalf by:




M Edghill - Director



S Thomson - Director


X-One Wholesale Limited (Registered number: 05994968)

Notes to the Financial Statements
For The Year Ended 31 December 2024


1. STATUTORY INFORMATION

X-One Wholesale 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.

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.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

X-One Wholesale Limited (Registered number: 05994968)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024


2. ACCOUNTING POLICIES - continued

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 17 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 875,518
Additions 84,822
Disposals (252,116 )
At 31 December 2024 708,224
DEPRECIATION
At 1 January 2024 317,541
Charge for year 214,980
Eliminated on disposal (196,257 )
At 31 December 2024 336,264
NET BOOK VALUE
At 31 December 2024 371,960
At 31 December 2023 557,977

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 712,619 780,467
Other debtors 47,946 43,229
760,565 823,696

X-One Wholesale Limited (Registered number: 05994968)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans and overdrafts 6,535 12,938
Hire purchase contracts 80,156 96,248
Trade creditors 352,044 525,592
Taxation and social security 383,899 282,984
Other creditors 293,686 71,569
1,116,320 989,331

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans 14,812 24,951
Hire purchase contracts 155,585 243,444
170,397 268,395

8. PROVISIONS FOR LIABILITIES
31/12/24 31/12/23
£    £   
Deferred tax 91,721 129,781

Deferred
tax
£   
Balance at 1 January 2024 129,781
Credit to Income Statement during year (38,060 )
Balance at 31 December 2024 91,721

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 January 2024 612,943 - 612,943
Profit for the year 891,182 891,182
Dividends (642,540 ) (642,540 )
Purchase of own shares (600,000 ) 34 (599,966 )
At 31 December 2024 261,585 34 261,619