XL Cars (Group) Limited - Filleted accounts

Registered number

12257441

XL Cars (Group) Limited

Filleted Accounts

31 March 2025

XL Cars (Group) Limited
Registered number:		12257441
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£			£	£		£
Fixed assets
Tangible assets	3		10,151			16,135

Current assets
Debtors	4	27,645			31,354
Cash at bank and in hand		10,516			13,298
		38,161			44,652

Creditors: amounts falling due within one year	5	(143,171)			(157,418)

Net current liabilities			(105,010)			(112,766)

Total assets less current liabilities			(94,859)			(96,631)

Creditors: amounts falling due after more than one year	6		(2,500)			(12,500)


Net liabilities			(97,359)			(109,131)

Capital and reserves
Called up share capital	7		100			100
Profit and loss account			(97,459)			(109,231)

Shareholders' funds			(97,359)			(109,131)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




U B Rowley
Director
Approved by the board on 30 October 2025

XL Cars (Group) Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The accounts are presented in sterling which is the functional currency of the company and rounded to the nearest £.

	Going concern
	The accounts have been prepared on a going concern basis as detailed in note 8 to the accounts.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Buildings and structures			over 5 years
	Motor vehicles			25% reducing balance
	Plant and machinery			over 3 years
	Fixtures, fittings, tools and equipment			25% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					11		15


3	Tangible fixed assets
		Land and buildings		Plant and machinery		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	12,654		21,781		13,344		47,779
	Additions	-		2,272		-		2,272
	Disposals	-		(6,647)		-		(6,647)
	At 31 March 2025	12,654		17,406		13,344		43,404

	Depreciation
	At 1 April 2024	10,123		14,820		6,701		31,644
	Charge for the year	2,531		2,386		1,661		6,578
	On disposals	-		(4,969)		-		(4,969)
	At 31 March 2025	12,654		12,237		8,362		33,253

	Net book value
	At 31 March 2025	-		5,169		4,982		10,151
	At 31 March 2024	2,531		6,961		6,643		16,135


4	Debtors					2025		2024
£							£

	Trade debtors					24,186		27,569
	Prepayments and accrued income					3,459		3,785
						27,645		31,354


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					10,000		10,000
	Trade creditors					3,253		2,347
	Taxation and social security costs					15,830		36,630
	Accruals and deferred income					1,500		1,750
	Other creditors					112,588		106,691
						143,171		157,418


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					2,500		12,500


7	Share capital					2025		2024
£							£

	Allotted, called up and fully paid:
	Ordinary shares					100		100


8	Going concern

	The accounts have been prepared on the going concern basis. However, the balance sheet shows the company had net liabilities of £97,359 at 31 March 2025. There is a material uncertainty about the ability of the company to continue as a going concern which depends on the willingness of the directors and other creditors to provide extended credit.


9	Other information

	XL Cars (Group) Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	Unit 1a Potters Lane
	Wednesbury
	West Midlands
	WS10 0AS

	Its registered number is:	12257441