REGISTERED NUMBER: 03310111 (England and Wales)

XDP International Services Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L S John

I V C Wayte

SECRETARY:

J N J L Jagger

REGISTERED OFFICE:

Curdworth House

Kingsbury Road

Curdworth

Sutton Coldfield

West Midlands

B76 9EE

REGISTERED NUMBER:

03310111 (England and Wales)

ACCOUNTANTS:

TC Group

Sterling House

97 Lichfield Street

Tamworth

Staffordshire

B79 7QF

BANKERS:

Lloyds Bank Plc

125 Colmore Row

Birmingham

B3 3SF

FIXED ASSETS

Tangible assets

4

760,854

1,331,968

Investments

5

325,000

325,000

Investment property

6

8,690,000

8,690,000

9,775,854

10,346,968

CURRENT ASSETS

Debtors

7

891,781

313,741

Cash at bank

-

6,386

891,781

320,127

CREDITORS

Amounts falling due within one year

8

1,459,667

1,115,218

NET CURRENT LIABILITIES

(567,886

)

(795,091

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,207,968

9,551,877

CREDITORS

Amounts falling due after more than one year

9

(132,345

)

(411,041

)

PROVISIONS FOR LIABILITIES

(500,825

)

(642,218

)

NET ASSETS

8,574,798

8,498,618

CAPITAL AND RESERVES

Called up share capital

11

1

1

Retained earnings

8,574,797

8,498,617

SHAREHOLDERS' FUNDS

8,574,798

8,498,618

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.

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 30 September 2025 and were signed on its behalf by:

I V C Wayte - Director

1.	STATUTORY INFORMATION

XDP International Services 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.

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.

The financial statements have been prepared on a going concern basis which assumes that the company will continue to operate for the foreseeable future. The directors have reasonable expectation that the company has adequate resources to continue operations for the foreseeable future. For this reason, together with the continued support of the directors, they are continuing to adopt the going concern basis.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgement, estimates and assumptions about carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

Sales ledger bad debt provisions - Management review debts on a case by case basis to highlight deviation from terms and therefore possible provision requirement.

Turnover

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

Rental income is recognised on a straight-line basis over the term of the lease, payable quarterly in advance.

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 cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

2,333,073

Additions

8,000

Disposals

(219,216

)

At 31 December 2024

2,121,857

DEPRECIATION

At 1 January 2024

1,001,105

Charge for year

515,246

Eliminated on disposal

(155,348

)

At 31 December 2024

1,361,003

NET BOOK VALUE

At 31 December 2024

760,854

At 31 December 2023

1,331,968

At the period end assets with net book value of £583,868 (2023: £1,152,197) were subject to HP. Depreciation charged on these assets during the period amounted to £310,582 (2023: £374,996).

5.	FIXED ASSET INVESTMENTS

Interest

in other

participating

interests

£

COST

At 1 January 2024

and 31 December 2024

325,000

NET BOOK VALUE

At 31 December 2024

325,000

At 31 December 2023

325,000

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

8,690,000

NET BOOK VALUE

At 31 December 2024

8,690,000

At 31 December 2023

8,690,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

52,392

104,042

Amounts owed by participating interests

753,609

63,795

Other debtors

85,780

145,904

891,781

313,741

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

42,915

-

Hire purchase contracts

269,516

515,149

Trade creditors

102,386

119,297

Amounts owed to participating interests

420,943

50,000

Taxation and social security

279,887

87,842

Other creditors

344,020

342,930

1,459,667

1,115,218

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

132,345

411,041

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdraft

42,915

-

Hire purchase contracts

401,861

926,190

444,776

926,190

The bank loan and overdraft is secured by a fixed and floating charge over the assets of the company.

Hire purchase contracts are secured over the individual asset they relate to.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1

12.	CONTINGENT LIABILITIES

There is an omnibus guarantee and offset arrangement between the company and XDP Limited. At the period end XDP Limited had bank loans and finance facilities amounting to £212,012 (2023 - £257,400).

13.	RELATED PARTY DISCLOSURES

At the period end the company was owed £382,566 (2023 owed to: £63,795) by a company in which it has an interest.