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REGISTERED NUMBER: 11064559 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 January 2025

for

Xcession Ltd

Xcession Ltd (Registered number: 11064559)






Contents of the Financial Statements
For The Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Xcession Ltd

Company Information
For The Year Ended 31 January 2025







DIRECTORS: N Peerman
M D Sherwood
M Twomey





REGISTERED OFFICE: Mill House
58 Guildford Street
Chertsey
KT16 9BE





REGISTERED NUMBER: 11064559 (England and Wales)





ACCOUNTANTS: Fuller Spurling
Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE

Xcession Ltd (Registered number: 11064559)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,087 -
Investments 5 85 85
2,172 85

CURRENT ASSETS
Debtors 6 299,989 435,337
Cash at bank 801,980 513,691
1,101,969 949,028
CREDITORS
Amounts falling due within one year 7 533,507 348,552
NET CURRENT ASSETS 568,462 600,476
TOTAL ASSETS LESS CURRENT
LIABILITIES

570,634

600,561

CAPITAL AND RESERVES
Called up share capital 3,750 3,750
Share premium 750 750
Retained earnings 566,134 596,061
570,634 600,561

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 19 August 2025 and were signed on its behalf by:



M D Sherwood - Director


Xcession Ltd (Registered number: 11064559)

Notes to the Financial Statements
For The Year Ended 31 January 2025

1. STATUTORY INFORMATION

Xcession Ltd 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.

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.

Preparation of consolidated financial statements
Xcession Ltd is the parent undertaking of Xcession ITSM Consulting (Ireland) Limited. The company is exempt from the obligation to produce and deliver group accounts on the grounds that it is small as defined by Section 383 of the Companies Act 2006.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and is recognised as services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation represents the sum of tax currently payable, and deferred tax if material.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax, where material, is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Xcession Ltd (Registered number: 11064559)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors
Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 8 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 2,855
At 31 January 2025 2,855
DEPRECIATION
Charge for year 768
At 31 January 2025 768
NET BOOK VALUE
At 31 January 2025 2,087

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2024
and 31 January 2025 85
NET BOOK VALUE
At 31 January 2025 85
At 31 January 2024 85

Xcession Ltd (Registered number: 11064559)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 271,535 435,337
Prepayments and accrued income 28,454 -
299,989 435,337

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade creditors 77,288 90,790
Amounts owed to group undertakings 20,085 20,085
Corporation tax 40,307 55,808
Social security and other taxes 33,730 25,089
VAT 72,273 97,857
Other creditors 1,597 1,200
Accrued expenses 288,227 57,723
533,507 348,552