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Registration number: 09404833

Xplort Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

Xplort Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 15

 

Xplort Limited

Company Information

Director

Mr L Speakman

Registered office

20 Sanderson Way
Blackpool
Lancashire
FY4 4NB

Accountants

Crossley & Davis Chartered Accountants
Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Xplort Limited
for the Year Ended 31 January 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Xplort Limited for the year ended 31 January 2025 as set out on pages 3 to 15 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Xplort Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Xplort Limited and state those matters that we have agreed to state to the Board of Directors of Xplort Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Xplort Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Xplort Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Xplort Limited. You consider that Xplort Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Xplort Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Crossley & Davis Chartered Accountants
Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF

14 July 2025

 

Xplort Limited

(Registration number: 09404833)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

3,400

7,877

Tangible assets

5

941,386

999,242

Investment property

6

202,395

-

Investments

7

927

927

 

1,148,108

1,008,046

Current assets

 

Stocks

8

176,823

256,121

Debtors

9

698,686

465,689

Cash at bank and in hand

 

61,301

108,601

 

936,810

830,411

Creditors: Amounts falling due within one year

10

(395,310)

(166,654)

Net current assets

 

541,500

663,757

Total assets less current liabilities

 

1,689,608

1,671,803

Creditors: Amounts falling due after more than one year

10

(481,415)

(508,613)

Provisions for liabilities

(22,008)

(24,073)

Net assets

 

1,186,185

1,139,117

Capital and reserves

 

Called up share capital

11

1

1

Retained earnings

1,186,184

1,139,116

Shareholders' funds

 

1,186,185

1,139,117

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Xplort Limited

(Registration number: 09404833)
Balance Sheet as at 31 January 2025

These financial statements have been 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 July 2025
 

.........................................
Mr L Speakman
Director

 

Xplort Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

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:
20 Sanderson Way
Blackpool
Lancashire
FY4 4NB
England

These financial statements were authorised for issue by the director on 14 July 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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Xplort Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

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. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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 & Fittings

15% straight line

Office Equipment

33% straight line

Freehold property excluding land

2% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

Xplort Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Xplort Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Amortisation

Amortisation is provided on intangible assets once they are brought into use so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website and software development

Straight line over a period of either 2 or 3 years

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

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

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Xplort Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2024 - 7).

 

Xplort Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4

Intangible assets

Internally generated software development costs
 £

Total
£

Cost or valuation

At 1 February 2024

12,750

12,750

At 31 January 2025

12,750

12,750

Amortisation

At 1 February 2024

4,873

4,873

Amortisation charge

4,477

4,477

At 31 January 2025

9,350

9,350

Carrying amount

At 31 January 2025

3,400

3,400

At 31 January 2024

7,877

7,877

 

Xplort Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other property, plant and equipment
 £

Total
£

Cost or valuation

At 1 February 2024

852,297

159,908

194,700

1,206,905

Additions

2,175

584

-

2,759

Disposals

-

-

(3,080)

(3,080)

At 31 January 2025

854,472

160,492

191,620

1,206,584

Depreciation

At 1 February 2024

33,138

106,903

67,622

207,663

Charge for the year

11,089

22,848

25,100

59,037

Eliminated on disposal

-

-

(1,502)

(1,502)

At 31 January 2025

44,227

129,751

91,220

265,198

Carrying amount

At 31 January 2025

810,245

30,741

100,400

941,386

At 31 January 2024

819,159

53,005

127,078

999,242

Included within the net book value of land and buildings above is £810,245 (2024 - £819,160) in respect of freehold land and buildings.
 

6

Investment properties

2025
£

Additions

202,395

At 31 January

202,395

There has been no valuation of investment property by an independent valuer.

 

Xplort Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7

Investments

2025
£

2024
£

Investments in subsidiaries

927

927

Subsidiaries

£

Cost or valuation

At 1 February 2024

927

Provision

Carrying amount

At 31 January 2025

927

At 31 January 2024

927

8

Stocks

2025
£

2024
£

Merchandise

176,823

256,121

9

Debtors

Current

Note

2025
£

2024
£

Trade debtors

 

59,474

137,221

Amounts owed by related parties

13

561,600

185,812

Prepayments

 

10,030

33,121

Other debtors

 

67,582

109,535

   

698,686

465,689

 

Xplort Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

10

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

12

22,898

46,901

Trade creditors

 

114,779

42,407

Taxation and social security

 

37,115

19,473

Accruals and deferred income

 

7,692

2,450

Other creditors

 

212,826

55,423

 

395,310

166,654

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £22,898 (2024 - £21,901).

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

12

481,415

508,613

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £481,415 (2024 - £508,613).

11

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each of £1 each

1

1

1

1

       
 

Xplort Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

12

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

481,415

508,613

Current loans and borrowings

2025
£

2024
£

Bank borrowings

22,898

46,901

 

Xplort Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

13

Related party transactions

Loans to related parties

 

Subsidiary

2025
£

2024
£

At start of period

185,812

219,576

Advanced

335,787

7,508

Repaid

-

(15,568)

Expenses recognised as bad debt

-

(25,704)

At end of period

521,599

185,812

Terms of loans to related parties

Loans are interest free, unsecured and repayable on demand.
 

Loans from related parties

2025

Key management
£

Total
£

At start of period

42,190

42,190

Advanced

143,507

143,507

At end of period

185,697

185,697

2024

Key management
£

Total
£

At start of period

40,505

40,505

Advanced

1,685

1,685

At end of period

42,190

42,190

Terms of loans from related parties

Loans are interest free, unsecured and repayable on demand.
 

14

Parent and ultimate parent undertaking

On the 3rd July 2024 a group structure was established.

 The company's immediate parent is Rainhall Holdings Limited, incorporated in England and Wales.