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Logo On Report
Registered Number: 13547178
England and Wales

 

 

 

XO MATERIALS LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 February 2024

End date: 31 January 2025
Directors Robert Pearce
Fritz Vollrath
Adrian Thomas
Stephen Senior
Registered Number 13547178
Registered Office 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
Accountants WallsMan Creative Limited
Unit 14, Princeton Mews, 167 London Road, Kingston Upon Thames, England
KT2 6PT
1
 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Intangible fixed assets 3 1,341    2,011 
Tangible fixed assets 4 228    342 
1,569    2,353 
Current assets      
Debtors 5 1,317    1,387 
Cash at bank and in hand 19,771    42,902 
21,088    44,289 
Creditors: amount falling due within one year 6 (1,630)   (1,263)
Net current assets 19,458    43,026 
 
Total assets less current liabilities 21,027    45,379 
Provisions for liabilities 7 (298)  
Net assets 20,729    45,379 
 

Capital and reserves
     
Called up share capital 939    939 
Share premium account 8 99,941    99,941 
Profit and loss account (80,151)   (55,501)
Shareholders' funds 20,729    45,379 
 


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

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 22 July 2025 and were signed on its behalf by:


-------------------------------
Stephen Senior
Director
2
General Information
XO Materials Ltd is a private company, limited by shares, registered in England and Wales, registration number 13547178, registration address 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Licences and patents
Licences and patents are stated at cost less amortisation. Amortisation of licences is calculated on a straight line basis over the life of the licence. Amortisation of patents is calculated on a straight line basis over the estimated expected useful economic life of the patents of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Straight Line
2.

Average number of employees

Average number of employees during the year was 4 (2024 : 4).
3.

Intangible fixed assets

Cost Other   Total
  £   £
At 01 February 2024 2,682    2,682 
Additions  
Disposals  
At 31 January 2025 2,682    2,682 
Amortisation
At 01 February 2024 671    671 
Charge for year 670    670 
On disposals  
At 31 January 2025 1,341    1,341 
Net book values
At 31 January 2025 1,341    1,341 
At 31 January 2024 2,011    2,011 


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 February 2024 456    456 
Additions  
Disposals  
At 31 January 2025 456    456 
Depreciation
At 01 February 2024 114    114 
Charge for year 114    114 
On disposals  
At 31 January 2025 228    228 
Net book values
Closing balance as at 31 January 2025 228    228 
Opening balance as at 01 February 2024 342    342 


5.

Debtors: amounts falling due within one year

2025
£
  2024
£
Called up Share Capital Not Paid 880    880 
Prepayments & Accrued Income 437    507 
1,317    1,387 

6.

Creditors: amount falling due within one year

2025
£
  2024
£
Accrued Expenses 1,630    1,262 
Other Creditors   1 
1,630    1,263 

7.

Provisions for liabilities

2025
£
  2024
£
Deferred Tax 298   
298   

8.

Share premium account

2025
£
  2024
£
Equity Share Premium b/fwd 99,941    99,941 
99,941    99,941 

3