Company Registration No. 07744584 (England and Wales)
Xclusive Motor Services Ltd
Unaudited accounts
for the year ended 30 November 2024
Xclusive Motor Services Ltd
Unaudited accounts
Contents
Xclusive Motor Services Ltd
Company Information
for the year ended 30 November 2024
Company Number
07744584 (England and Wales)
Registered Office
75 MOSELEY STREET
BIRMINGHAM
WEST MIDLANDS
B12 0RT
UNITED KINGDOM
Accountants
Clark & Deen Taxpro Limited
Benson House, Suite D
98-104 Lombard Street
Birmingham
West Midlands
B12 0QR
Xclusive Motor Services Ltd
Statement of financial position
as at 30 November 2024
Tangible assets
56,919
78,282
Cash at bank and in hand
2,072
21,810
Creditors: amounts falling due within one year
(112,379)
(128,307)
Net current liabilities
(98,094)
(75,557)
Net (liabilities)/assets
(41,175)
2,725
Called up share capital
100
100
Profit and loss account
(41,275)
2,625
Shareholders' funds
(41,175)
2,725
For the year ending 30 November 2024 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.
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 25 June 2025 and were signed on its behalf by
Ayaz KHAN
Director
Company Registration No. 07744584
Xclusive Motor Services Ltd
Notes to the Accounts
for the year ended 30 November 2024
Xclusive Motor Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 07744584. The registered office is 75 MOSELEY STREET, BIRMINGHAM, WEST MIDLANDS, B12 0RT, UNITED KINGDOM.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
- 25% reducing balance
Motor vehicles
- 33% on cost
Fixtures & fittings
-25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2023
150,248
49,957
20,271
220,476
Additions
3,500
-
4,710
8,210
At 30 November 2024
153,748
49,957
24,981
228,686
At 1 December 2023
99,536
36,602
6,056
142,194
Charge for the year
13,553
11,289
4,731
29,573
At 30 November 2024
113,089
47,891
10,787
171,767
At 30 November 2024
40,659
2,066
14,194
56,919
At 30 November 2023
50,712
13,355
14,215
78,282
Xclusive Motor Services Ltd
Notes to the Accounts
for the year ended 30 November 2024
Amounts falling due within one year
Trade debtors
12,213
1,940
Accrued income and prepayments
-
3,000
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
58,317
57,040
Taxes and social security
27,056
51,280
Other creditors
6,397
5,373
Loans from directors
739
91
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Average number of employees
During the year the average number of employees was 4 (2023: 4).