REGISTERED NUMBER: 07670336 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

XS Training Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTORS:

S C Driver

D J Alexis

REGISTERED OFFICE:

16 Wortley Moor Lane

Leeds

West Yorkshire

LS12 4HX

REGISTERED NUMBER:

07670336 (England and Wales)

ACCOUNTANTS:

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

FIXED ASSETS

Intangible assets

5

57,577

60,319

Tangible assets

6

384,535

396,796

442,112

457,115

CURRENT ASSETS

Debtors

7

244,871

367,447

Cash at bank

881,352

576,313

1,126,223

943,760

CREDITORS

Amounts falling due within one year

8

282,567

199,526

NET CURRENT ASSETS

843,656

744,234

TOTAL ASSETS LESS CURRENT LIABILITIES

1,285,768

1,201,349

PROVISIONS FOR LIABILITIES

2,942

3,919

NET ASSETS

1,282,826

1,197,430

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,282,726

1,197,330

SHAREHOLDERS' FUNDS

1,282,826

1,197,430

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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 Statement of Income and Retained Earnings 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 C Driver - Director

D J Alexis - Director

1.	STATUTORY INFORMATION

XS Training Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at fair value and revalued accordingly.

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

-

25% on reducing balance

Fixtures and fittings

-

33% on reducing balance

Computer equipment

-

33% on cost

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss and any subsequent reversal is recognised in the profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled. or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 13 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST OR VALUATION

At 1 July 2024

60,319

Revaluations

(2,742

)

At 30 June 2025

57,577

NET BOOK VALUE

At 30 June 2025

57,577

At 30 June 2024

60,319

Cost or valuation at 30 June 2025 is represented by:

Other

intangible

assets

£

Valuation in 2022

(34,005

)

Valuation in 2023

(635

)

Valuation in 2024

34,959

Valuation in 2025

(2,742

)

Cost

60,000

57,577

6.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 July 2024

385,959

1,386

16,372

Additions

-

7,085

-

At 30 June 2025

385,959

8,471

16,372

DEPRECIATION

At 1 July 2024

15,438

947

12,191

Charge for year

7,720

1,881

1,380

At 30 June 2025

23,158

2,828

13,571

NET BOOK VALUE

At 30 June 2025

362,801

5,643

2,801

At 30 June 2024

370,521

439

4,181

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 July 2024

12,000

42,267

457,984

Additions

-

5,466

12,551

At 30 June 2025

12,000

47,733

470,535

DEPRECIATION

At 1 July 2024

5,250

27,362

61,188

Charge for year

1,688

12,143

24,812

At 30 June 2025

6,938

39,505

86,000

NET BOOK VALUE

At 30 June 2025

5,062

8,228

384,535

At 30 June 2024

6,750

14,905

396,796

7.

DEBTORS

30.6.25

30.6.24

£

£

Amounts falling due within one year:

Trade debtors

16,068

66,665

Directors' current accounts

-

72,789

Tax

28,469

28,469

44,537

167,923

30.6.25

30.6.24

£

£

Amounts falling due after more than one year:

Amounts owed by group undertakings

200,334

199,524

Aggregate amounts

244,871

367,447

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade creditors

12,062

18,002

Tax

119,637

52,115

Other creditors

135,955

122,221

Directors' current accounts

10,411

2,909

Accrued expenses

4,502

4,279

282,567

199,526

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2025 and 30 June 2024:

30.6.25

30.6.24

£

£

D J Alexis

Balance outstanding at start of year

72,789

81,558

Amounts repaid

(79,791

)

(8,769

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(7,002

)

72,789

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of XS Training Ltd for the year ended 30 June 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of XS Training Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of XS Training Ltd and state those matters that we have agreed to state to the Board of Directors of XS Training Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than XS Training Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that XS Training Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of XS Training Ltd. You consider that XS Training Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of XS Training Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

30 September 2025