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REGISTERED NUMBER: 02926318 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Xonetic Limited

Xonetic Limited (Registered number: 02926318)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Xonetic Limited

Company Information
for the year ended 31 December 2024







DIRECTOR: N Russell





SECRETARY: Blakelaw Secretaries Limited





REGISTERED OFFICE: New King's Court Tollgate
Chandler'S Ford
Eastleigh
Hampshire
SO53 3LG





REGISTERED NUMBER: 02926318 (England and Wales)





ACCOUNTANTS: ah partnership
Chartered Accountants
Stanley House
49 Dartford Road
Sevenoaks
Kent
TN13 3TE

Xonetic Limited (Registered number: 02926318)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,029 16,324

CURRENT ASSETS
Debtors 5 20,373 70,172
Cash at bank 69,232 19,648
89,605 89,820
CREDITORS
Amounts falling due within one year 6 25,999 21,752
NET CURRENT ASSETS 63,606 68,068
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,635

84,392

CREDITORS
Amounts falling due after more than one
year

7

(5,859

)

(15,856

)

PROVISIONS FOR LIABILITIES (2,595 ) (3,016 )
NET ASSETS 69,181 65,520

CAPITAL AND RESERVES
Called up share capital 155 155
Retained earnings 69,026 65,365
69,181 65,520

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 director acknowledges his 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.

Xonetic Limited (Registered number: 02926318)

Statement of Financial Position - 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 director and authorised for issue on 8 August 2025 and were signed by:





N Russell - Director


Xonetic Limited (Registered number: 02926318)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Xonetic 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery etc - 20% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Xonetic Limited (Registered number: 02926318)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 48,837
Additions 2,676
At 31 December 2024 51,513
DEPRECIATION
At 1 January 2024 32,513
Charge for year 4,971
At 31 December 2024 37,484
NET BOOK VALUE
At 31 December 2024 14,029
At 31 December 2023 16,324

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 28,080
Other debtors 20,373 42,092
20,373 70,172

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,095 9,992
Trade creditors 524 2,200
Taxation and social security 8,431 7,772
Other creditors 6,949 1,788
25,999 21,752

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 5,859 15,856

Xonetic Limited (Registered number: 02926318)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
N Russell
Balance outstanding at start of year 42,092 17,435
Amounts advanced - 42,092
Amounts repaid (21,719 ) (17,435 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,373 42,092

9. ULTIMATE CONTROLLING PARTY

The controlling party is N Russell.

The ultimate controlling party is N Russell.