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REGISTERED NUMBER: 07811749 (England and Wales)















Financial Statements for the Year Ended 31 October 2024

for

Xibo Signage Ltd

Xibo Signage Ltd (Registered number: 07811749)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Xibo Signage Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr A Harrington
Mr D Garner
Emergent Impact Ltd





REGISTERED OFFICE: Curtis House
34 Third Avenue
Hove
East Sussex
BN3 2PD





REGISTERED NUMBER: 07811749 (England and Wales)





ACCOUNTANTS: Atkinsons
Chartered Accountants
Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA

Xibo Signage Ltd (Registered number: 07811749)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 -
Tangible assets 5 18,720 15,859
Investments 6 90 90
18,811 15,949

CURRENT ASSETS
Stocks - 53,559
Debtors 7 27,923 47,778
Cash at bank and in hand 819,185 608,739
847,108 710,076
CREDITORS
Amounts falling due within one year 8 179,074 206,556
NET CURRENT ASSETS 668,034 503,520
TOTAL ASSETS LESS CURRENT
LIABILITIES

686,845

519,469

PROVISIONS FOR LIABILITIES 4,680 3,965
NET ASSETS 682,165 515,504

CAPITAL AND RESERVES
Called up share capital 109 100
Retained earnings 682,056 515,404
682,165 515,504

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Xibo Signage Ltd (Registered number: 07811749)

Balance Sheet - continued
31 October 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 2 May 2025 and were signed on its behalf by:




Mr A Harrington - Director



Mr D Garner - Director


Xibo Signage Ltd (Registered number: 07811749)

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

1. STATUTORY INFORMATION

Xibo Signage 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Computer equipment - over 3 years straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Xibo Signage Ltd (Registered number: 07811749)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued
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.

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 13 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 1
At 31 October 2024 1
NET BOOK VALUE
At 31 October 2024 1

Xibo Signage Ltd (Registered number: 07811749)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2023 1,314 32,939 34,253
Additions 133 12,472 12,605
At 31 October 2024 1,447 45,411 46,858
DEPRECIATION
At 1 November 2023 1,212 17,182 18,394
Charge for year 76 9,668 9,744
At 31 October 2024 1,288 26,850 28,138
NET BOOK VALUE
At 31 October 2024 159 18,561 18,720
At 31 October 2023 102 15,757 15,859

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2023
and 31 October 2024 90
NET BOOK VALUE
At 31 October 2024 90
At 31 October 2023 90

7. DEBTORS
31.10.24 31.10.23
£    £   
Amounts falling due within one year:
Trade debtors 5,180 32,639
Other debtors 22,063 14,459
27,243 47,098

Xibo Signage Ltd (Registered number: 07811749)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. DEBTORS - continued
31.10.24 31.10.23
£    £   
Amounts falling due after more than one year:
Other debtors 680 680

Aggregate amounts 27,923 47,778

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 9,931 4,195
Taxation and social security 139,717 125,798
Other creditors 29,426 76,563
179,074 206,556

9. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under FRS 102 1AC.35 whereby particulars need not be given for related party transactions concluded under normal market conditions, or transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transactions is wholly-owned by such a member.