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Company Registration No. 14689231 (England and Wales)
Xerxes Retail Ltd Unaudited accounts for the period from 1 August 2024 to 31 May 2025
Xerxes Retail Ltd Unaudited accounts Contents
Page
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Xerxes Retail Ltd Company Information for the period from 1 August 2024 to 31 May 2025
Director
Joshua Logan BURKETT
Company Number
14689231 (England and Wales)
Registered Office
1 Garnet Avenue Birmingham West Midlands B43 7RJ England
Accountants
Gondal Accountancy Ltd 1126a Stratford Road Birmingham B28 8AE
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Xerxes Retail Ltd Statement of financial position as at 31 May 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,628 
1,681 
Current assets
Inventories
42,142 
28,210 
Debtors
270 
270 
Cash at bank and in hand
9,071 
15,374 
51,483 
43,854 
Creditors: amounts falling due within one year
(55,195)
(41,453)
Net current (liabilities)/assets
(3,712)
2,401 
Total assets less current liabilities
1,916 
4,082 
Provisions for liabilities
Deferred tax
(820)
- 
Net assets
1,096 
4,082 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
1,094 
4,080 
Shareholders' funds
1,096 
4,082 
For the period ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 June 2025 and were signed on its behalf by
Joshua Logan BURKETT Director Company Registration No. 14689231
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Xerxes Retail Ltd Notes to the Accounts for the period from 1 August 2024 to 31 May 2025
1
Statutory information
Xerxes Retail Ltd is a private company, limited by shares, registered in England and Wales, registration number 14689231. The registered office is 1 Garnet Avenue, Birmingham, West Midlands, B43 7RJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Presentation currency
The accounts are presented in £ sterling.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% RB
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Change in Accounting Period
The current period covers 10 months to 31 May 2025 (previously 17 months to 31 July 2024) due to a change in the accounting reference date. Comparative amounts are not directly comparable.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Xerxes Retail Ltd Notes to the Accounts for the period from 1 August 2024 to 31 May 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 August 2024
1,892 
Additions
5,119 
At 31 May 2025
7,011 
Depreciation
At 1 August 2024
211 
Charge for the period
1,172 
At 31 May 2025
1,383 
Net book value
At 31 May 2025
5,628 
At 31 July 2024
1,681 
5
Deferred taxation
2025 
2024 
£ 
£ 
Accelerated capital allowances
820 
- 
2025 
2024 
£ 
£ 
Charged to the profit and loss account
820 
- 
Provision at end of period
820 
- 
6
Average number of employees
During the period the average number of employees was 1 (2024: 0).
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