Xact Consultancy and Training Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 05295715 (England and Wales)

XACT CONSULTANCY AND TRAINING LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B Marden

J M Dilley

REGISTERED OFFICE:

3 Abbey Lane Court

Evesham

Worcestershire

WR11 4BY

REGISTERED NUMBER:

05295715 (England and Wales)

AUDITORS:

DSC Accountants Ltd

Chartered Accountants

Statutory Auditors

Tattersall House

East Parade

Harrogate

North Yorkshire

HG1 5LT

FIXED ASSETS

Intangible assets

4

50,976

-

Tangible assets

5

66,304

74,156

117,280

74,156

CURRENT ASSETS

Stocks

6

11,160

15,300

Debtors

7

862,739

442,518

Cash at bank and in hand

16,905

133,425

890,804

591,243

CREDITORS

Amounts falling due within one year

8

642,769

441,751

NET CURRENT ASSETS

248,035

149,492

TOTAL ASSETS LESS CURRENT
LIABILITIES

365,315

223,648

PROVISIONS FOR LIABILITIES

9

16,576

18,539

NET ASSETS

348,739

205,109

CAPITAL AND RESERVES

Called up share capital

10

63

Retained earnings

11

348,676

205,046

SHAREHOLDERS' FUNDS

348,739

205,109

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:

B Marden - Director

1.	STATUTORY INFORMATION

Xact Consultancy and Training 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixture and fittings

-25% on reducing balance

Computer equipment

-33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Reporting period and comparatives

The financial statements cover a period of 12 months (2023 - 13 months). The change in year-end was made in order to bring the end of the reporting period in line with that of its parent undertaking. This means that comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

Going concern

The parent undertaking has confirmed that it will provide further financial support to the company as required at least twelve months from the date of approval of the financial statements of the company. Consequently, the financial statements have been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 28 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

63,720

At 31 December 2024

63,720

AMORTISATION

Charge for year

12,744

At 31 December 2024

12,744

NET BOOK VALUE

At 31 December 2024

50,976

5.	TANGIBLE FIXED ASSETS

Computer

Fixtures

equipment

and

fittings

software

Totals

£

COST

At 1 January 2024

16,937

142,500

159,437

Additions

-

14,179

At 31 December 2024

16,937

156,679

173,616

DEPRECIATION

At 1 January 2024

13,515

71,766

85,281

Charge for year

856

21,175

22,031

At 31 December 2024

14,371

92,941

107,312

NET BOOK VALUE

At 31 December 2024

2,566

63,738

66,304

At 31 December 2023

3,422

70,734

74,156

6.

STOCKS

2024

2023

£

Stocks

11,160

15,300

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

79,742

43,891

Amounts owed by group undertakings

607,168

178,000

Other debtors

175,829

220,627

862,739

442,518

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

60,069

53,551

Amounts owed to group undertakings

245,794

-

Taxation and social security

100,414

87,841

Other creditors

236,492

300,359

642,769

441,751

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

16,576

18,539

Deferred

tax

£

Balance at 1 January 2024

18,539

Credit to Income Statement during year

(1,963

)

Balance at 31 December 2024

16,576

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

60

Ordinary

1

60

3

Ordinary A, B & C

1

3

63

11.

RESERVES

Retained

earnings

£

At 1 January 2024

205,046

Profit for the year

143,630

At 31 December 2024

348,676

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Graham French (Senior Statutory Auditor)

for and on behalf of DSC Accountants Ltd

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024

2023

£

T J Norwood

Balance outstanding at start of year

-

267,830

Amounts repaid

-

(267,830

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

14.	ULTIMATE CONTROLLING PARTY

The company is a 100% subsidiary of Assent Building Compliance and Safety Group Limited whose registered office is at 4 Navigation Court, Calder Park, Wakefield, West Yorkshire, WF2 7BJ.