Company registration number 14553098 (England and Wales)
XLOKK LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
XLOKK LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
XLOKK LTD
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
4,761
-
0
Tangible assets
4
72,223
-
0
76,984
-
0
Current assets
Stocks
4,125
-
Debtors
5
14,499
3,589
Cash at bank and in hand
306,665
1,000
325,289
4,589
Creditors: amounts falling due within one year
6
(483,057)
(4,489)
Net current (liabilities)/assets
(157,768)
100
Net (liabilities)/assets
(80,784)
100
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(80,884)
-
0
Total equity
(80,784)
100

For the financial 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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 29 September 2025 and are signed on its behalf by:
Khalid Hussain
Director
Company registration number 14553098 (England and Wales)
XLOKK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

XLOKK Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 4 Hockley Industrial Estate, Pitsford Street, Birmingham, B18 6PT.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts.

1.4
Intangible fixed assets - goodwill

Goodwill, being the amount paid in connection with the acquisition of a business is being amortised evenly over its estimated useful life of ten years.

1.5
Tangible fixed assets
Plant and equipment
20% on cost
Fixtures and fittings
18% on cost
Motor vehicles
18% on reducing balance
1.6
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
15
0
XLOKK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024
-
0
Additions
5,290
At 31 December 2024
5,290
Amortisation and impairment
At 1 January 2024
-
0
Amortisation charged for the year
529
At 31 December 2024
529
Carrying amount
At 31 December 2024
4,761
At 31 December 2023
-
0
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2024
-
0
-
0
-
0
-
0
Additions
13,800
69,376
5,238
88,414
At 31 December 2024
13,800
69,376
5,238
88,414
Depreciation and impairment
At 1 January 2024
-
0
-
0
-
0
-
0
Depreciation charged in the year
2,760
12,488
943
16,191
At 31 December 2024
2,760
12,488
943
16,191
Carrying amount
At 31 December 2024
11,040
56,888
4,295
72,223
At 31 December 2023
-
0
-
0
-
0
-
0
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
14,499
3,589
XLOKK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
51,928
3,489
Taxation and social security
53,248
-
0
Other creditors
377,881
1,000
483,057
4,489
7
Ultimate Controlling Party

The controlling party is Jointly controlled by Khalid Hussain and Mohammad Ayyub.

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