REGISTERED NUMBER: 07335118 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

XD Connects UK Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Van Der Veen

H K Van Der Laan

REGISTERED OFFICE:

Suites 1.08 to 1.11

iCentrum

Holt Street

Birmingham

West Midlands

B7 4BP

REGISTERED NUMBER:

07335118 (England and Wales)

AUDITORS:

James, Stanley & Co. Limited

1,733 Coventry Road

South Yardley

Birmingham

West Midlands

B26 1DT

FIXED ASSETS

Property, plant and equipment

5

20,439

23,944

CURRENT ASSETS

Debtors

6

496,184

382,273

Cash at bank

25,269

49,501

521,453

431,774

CREDITORS

Amounts falling due within one year

7

121,270

114,457

NET CURRENT ASSETS

400,183

317,317

TOTAL ASSETS LESS CURRENT LIABILITIES

420,622

341,261

PROVISIONS FOR LIABILITIES

5,109

5,986

NET ASSETS

415,513

335,275

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

415,511

335,273

SHAREHOLDERS' FUNDS

415,513

335,275

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 26 September 2025 and were signed on its behalf by:

H K Van Der Laan - Director

1.	STATUTORY INFORMATION

XD Connects UK 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.

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

2.	STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 net of VAT and trade discounts.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

25,258

23,108

48,366

Additions

1,873

438

2,311

Disposals

-

(17,903

)

(17,903

)

At 31 December 2024

27,131

5,643

32,774

DEPRECIATION

At 1 January 2024

4,434

19,988

24,422

Charge for year

5,019

797

5,816

Eliminated on disposal

-

(17,903

)

(17,903

)

At 31 December 2024

9,453

2,882

12,335

NET BOOK VALUE

At 31 December 2024

17,678

2,761

20,439

At 31 December 2023

20,824

3,120

23,944

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed by group undertakings

402,700

305,535

Other debtors

41,162

35,015

Prepayments and accrued income

52,322

41,723

496,184

382,273

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

36,035

30,188

Tax

31,424

17,852

Social security and other taxes

18,429

26,799

Other creditors

6,700

9,065

Accruals and deferred income

28,682

30,553

121,270

114,457

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

104,315

104,502

Between one and five years

50,659

103,935

154,974

208,437

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

2

Ordinary

£1

2

2

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

The Report of the Auditors was unqualified.

Andrew James BCom FCA (Senior Statutory Auditor)

for and on behalf of James, Stanley & Co. Limited

James, Stanley & Co. Limited - Statutory auditors

11.	CAPITAL COMMITMENTS

31.12.24

31.12.23

£

£

Contracted but not provided for in the

financial statements

-

-

12.	RELATED PARTY DISCLOSURES

In the year under review, interest income of £32,277 (2023 - £29,484) was received from the parent company in connection with the inter company balance.

In the opinion of the directors related party transactions were conducted at normal commercial rates.

13.	ULTIMATE CONTROLLING PARTY

The company's immediate parent company is XD Connects B.V. whose registered office is at Postbox 3083, 2280GB Rijswijk, Holland.

The company's ultimate controlling party is Rivean Capital, a company based in the Netherlands.