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REGISTERED NUMBER: 09955438 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

XTS EXECUTIVE TRAVEL SERVICE LIMITED

XTS EXECUTIVE TRAVEL SERVICE LIMITED (REGISTERED NUMBER: 09955438)






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


XTS EXECUTIVE TRAVEL SERVICE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: M J Robinson
G M Robinson





REGISTERED OFFICE: 34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG





REGISTERED NUMBER: 09955438 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

XTS EXECUTIVE TRAVEL SERVICE LIMITED (REGISTERED NUMBER: 09955438)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 80,991 107,988

CURRENT ASSETS
Debtors 5 83,999 79,722
Prepayments and accrued income 1,777 -
Cash at bank and in hand 59,338 58,658
145,114 138,380
CREDITORS
Amounts falling due within one year 6 102,220 116,057
NET CURRENT ASSETS 42,894 22,323
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,885

130,311

CREDITORS
Amounts falling due after more than one
year

7

66,804

86,674
NET ASSETS 57,081 43,637

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 57,061 43,617
SHAREHOLDERS' FUNDS 57,081 43,637

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 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.

XTS EXECUTIVE TRAVEL SERVICE LIMITED (REGISTERED NUMBER: 09955438)

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 Board of Directors and authorised for issue on 10 July 2025 and were signed on its behalf by:




M J Robinson - Director



G M Robinson - Director


XTS EXECUTIVE TRAVEL SERVICE LIMITED (REGISTERED NUMBER: 09955438)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

XTS Executive Travel Service 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

XTS EXECUTIVE TRAVEL SERVICE LIMITED (REGISTERED NUMBER: 09955438)

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 136,250
DEPRECIATION
At 1 January 2024 28,262
Charge for year 26,997
At 31 December 2024 55,259
NET BOOK VALUE
At 31 December 2024 80,991
At 31 December 2023 107,988

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 108,333
DEPRECIATION
At 1 January 2024 6,771
Charge for year 25,390
At 31 December 2024 32,161
NET BOOK VALUE
At 31 December 2024 76,172
At 31 December 2023 101,562

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 35,368 41,591
Amounts owed by group undertakings 48,631 38,131
83,999 79,722

XTS EXECUTIVE TRAVEL SERVICE LIMITED (REGISTERED NUMBER: 09955438)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,453 5,330
Hire purchase contracts 15,207 19,606
Trade creditors 17,365 15,814
Amounts owed to group undertakings 46,216 46,088
Taxation and social security 15,929 28,419
Other creditors 2,050 800
102,220 116,057

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 26,811 31,528
Hire purchase contracts 39,993 55,146
66,804 86,674

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,452 15,542

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 55,200 74,752

Hire purchase creditors are secured by a charge over the assets to which they relate.