REGISTERED NUMBER: 03862871 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

XANDA LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A Constantine

A Homans

C Passmore

M Constantine

REGISTERED OFFICE:

Global House

303 Ballards Lane

London

N12 8NP

REGISTERED NUMBER:

03862871 (England and Wales)

ACCOUNTANTS:

K J Pittalis and Partners LLP

Chartered Certified Accountants

Global House

303 Ballards Lane

London

N12 8NP

FIXED ASSETS

Property, plant and equipment

3

421,286

486,223

CURRENT ASSETS

Debtors

4

650,178

771,293

Cash at bank

1,148,776

1,253,924

1,798,954

2,025,217

CREDITORS

Amounts falling due within one year

5

(263,092

)

(381,726

)

NET CURRENT ASSETS

1,535,862

1,643,491

TOTAL ASSETS LESS CURRENT LIABILITIES

1,957,148

2,129,714

CREDITORS

Amounts falling due after more than one year

6

(94,535

)

(159,451

)

PROVISIONS FOR LIABILITIES

7

(84,656

)

(97,014

)

NET ASSETS

1,777,957

1,873,249

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,777,857

1,873,149

SHAREHOLDERS' FUNDS

1,777,957

1,873,249

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 26 September 2025 and were signed on its behalf by:

A Constantine - Director

1.	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 represents sales of services net of VAT and trade discounts. Turnover is recognised when the services are provided to the customer.

Tangible fixed assets

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

Short leasehold

-

Straight line over 10 years

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

15% on reducing balance

No depreciation is provided in the year of acquisition.

Leasehold property is held and used in the Company's own activities for production and supply of goods or for administration purposes are stated in the statement of financial position at their revalued amounts.

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.

Development costs

Expenditure on research is written off against profits in the year in which it is incurred.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2023 - 55 ) .

3.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Short

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

159,460

364,552

104,686

524,807

1,153,505

Additions

-

17,366

-

14,625

31,991

At 31 December 2024

159,460

381,918

104,686

539,432

1,185,496

DEPRECIATION

At 1 January 2024

61,294

227,154

54,732

324,102

667,282

Charge for year

15,946

38,691

9,991

32,300

96,928

At 31 December 2024

77,240

265,845

64,723

356,402

764,210

NET BOOK VALUE

At 31 December 2024

82,220

116,073

39,963

183,030

421,286

At 31 December 2023

98,166

137,398

49,954

200,705

486,223

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

327,921

570,334

Other debtors

322,257

200,959

650,178

771,293

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans and overdrafts

52,857

10,125

Taxation and social security

195,601

363,627

Other creditors and deferred

income

14,634

7,974

263,092

381,726

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans

70,833

128,974

Hire purchase contracts

23,702

30,477

94,535

159,451

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instalments

70,833

128,974

7.	PROVISIONS FOR LIABILITIES

31/12/24

31/12/23

£

£

Deferred tax

84,656

97,014

Deferred

tax

£

Balance at 1 January 2024

97,014

Provided during year

(12,358

)

Balance at 31 December 2024

84,656