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Registered Number: 08271111
England and Wales

 

 

 


Unaudited Financial Statements


for the year ended 31 December 2024

for

XXX COMPRESSION LIMITED

XXX COMPRESSION LIMITED
Contents Page
For the year ended 31 December 2024
Director Asad Bashir
Registered Number 08271111
Registered Office 12 HARVEST COURT,
YORK WAY WATFORD
Watford
WD25 9BP
1
Principal activities
Principal activity of the company during the financial year was of selling on online platform.
Director
The director who served the company throughout the year was as follows:
Asad Bashir
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Asad Bashir
Director

Date approved: 29 September 2025
2
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Tangible fixed assets 3 27,014    29,901 
Investments 4 17,674    16,686 
44,688    46,587 
Current assets      
Stocks 5 80,960    370,256 
Debtors 6 85,448    253,052 
Cash at bank and in hand 15,156    87,036 
181,564    710,344 
Creditors: amount falling due within one year 7 (135,566)   (495,530)
Net current assets 45,998    214,814 
 
Total assets less current liabilities 90,686    261,401 
Creditors: amount falling due after more than one year 8 (188,831)   (199,048)
Net assets (98,145)   62,353 
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account (98,245)   62,253 
Shareholders' funds (98,145)   62,353 
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 29 September 2025 and were signed by:


-------------------------------
Asad Bashir
Director
3
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 January 2023 100  45,504  45,604 
Profit for the year 16,749  16,749 
Total comprehensive income for the year -  16,749  16,749 
Total investments by and distributions to owners -  -  - 
At 31 December 2023 100  62,253  62,353 
At 01 January 2024 100  62,253  62,353 
Profit for the year (160,498) (160,498)
Total comprehensive income for the year -  (160,498) (160,498)
Total investments by and distributions to owners -  -  - 
At 31 December 2024 100  (98,245) (98,145)
4
General Information
XXX COMPRESSION LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08271111, registration address 12 HARVEST COURT,, YORK WAY WATFORD, Watford, WD25 9BP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 20% Reducing Balance
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 8 (2023 : 10).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 January 2024 26,300    25,087    2,000    53,387 
Additions -    3,866    -    3,866 
Disposals -    -    -    - 
At 31 December 2024 26,300    28,953    2,000    57,253 
Depreciation
At 01 January 2024 13,058    8,889    1,539    23,486 
Charge for year 2,648    4,013    92    6,753 
On disposals -    -    -    - 
At 31 December 2024 15,706    12,902    1,631    30,239 
Net book values
Closing balance as at 31 December 2024 10,594    16,051    369    27,014 
Opening balance as at 01 January 2024 13,242    16,198    461    29,901 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 January 2024 14,284    14,284 
Additions 3,390    3,390 
Disposals -    - 
At 31 December 2024 17,674    17,674 

5.

Stocks

2024
£		   2023
£
Stocks 80,960    370,256 
80,960    370,256 

6.

Debtors: amounts falling due within one year

2024
£		   2023
£
Trade Debtors 41,270    13,460 
Prepayments & Accrued Income 12,009    150,504 
Other Debtors 12,110    86,630 
VAT 20,059    2,458 
85,448    253,052 

7.

Creditors: amount falling due within one year

2024
£		   2023
£
Trade Creditors 34,808    265,831 
Corporation Tax 11,483    11,483 
PAYE & Social Security 43,544    14,706 
Accrued Expenses 1,310    1,309 
Other Creditors 14,719    75,514 
Wages & Salaries Control Account 6,888    5,907 
Directors' Current Accounts 22,814    120,780 
135,566    495,530 

8.

Creditors: amount falling due after more than one year

2024
£		   2023
£
Bank Loans & Overdrafts 188,831    199,048 
188,831    199,048 

5