REGISTERED NUMBER: 07883328 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

XWR Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Singh

Mrs S Arenja

REGISTERED OFFICE:

The Mills

Canal Street

Derby

DE1 2RJ

REGISTERED NUMBER:

07883328 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

4

34,478

45,473

CURRENT ASSETS

Stocks

134,706

134,706

Debtors

5

843,297

455,677

Cash at bank and in hand

18,656

14,210

996,659

604,593

CREDITORS

Amounts falling due within one year

6

1,018,826

625,024

NET CURRENT LIABILITIES

(22,167

)

(20,431

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,311

25,042

CREDITORS

Amounts falling due after more than one year

7

12,454

22,500

NET (LIABILITIES)/ASSETS

(143

)

2,542

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(145

)

2,540

SHAREHOLDERS' FUNDS

(143

)

2,542

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 Profit and Loss Account 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:

S Singh - Director

1.	STATUTORY INFORMATION

XWR 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.

Turnover

Turnover represents the amounts (excluding value added tax) derived from the consideration received or receivable to third party and group customers during the year. Turnover is recognised when the significant risks and rewards of ownership have transferred to the buyer and it is probable that the agreed will be received upon payment.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stock and work in progress is valued at the lower of cost and net realisable value. Cost represents the purchase price in addition to any legal fees and refurbishment costs. Net realisable value is based on the estimated selling price less further costs expected to be incurred in completion and disposal.

At each reporting date, stock is assessed for expected losses and if a loss is expected then this is recognised immediately in the Profit and Loss Account.

Grants

Revenue grants are recognised in the profit and loss account so as to match them with the expenditure which they are intended to contribute towards. Capital grants are recognised systematically in the profit and loss account over the useful economic life of the asset to which the grant relates.

Deferred taxation

Provision is made at current rates for taxation deferred as a result of all material timing differences, including provisions made for potential tax arising on assets which have been revalued.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

13,700

101,152

114,852

DEPRECIATION

At 1 January 2024

9,968

59,411

69,379

Charge for year

560

10,435

10,995

At 31 December 2024

10,528

69,846

80,374

NET BOOK VALUE

At 31 December 2024

3,172

31,306

34,478

At 31 December 2023

3,732

41,741

45,473

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

8,894

6,800

Amounts owed by related parties

812,200

434,243

Other debtors

20,310

12,000

Prepayments

1,893

2,634

843,297

455,677

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

25,345

15,501

Amounts owed to group undertakings

953,728

568,726

Amounts owed to related parties

1,677

-

Tax

4,083

7,859

Social security and other taxes

3,826

10,286

Other creditors

9,217

1,807

Directors' current accounts

950

1,110

Accrued expenses

10,000

9,735

1,018,826

625,024

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

10,000

10,000

Bank loans - 2-5 years

2,454

12,500

12,454

22,500