2XGL LTD


Director	Greville Latus Leigh


Company Secretary	Gregory Merrett Lewis


Registered Address	Unit 4e Crofts End Industrial Estate
	St George
	Bristol
	BS5 7UW


Registered Number	11820372 (England and Wales)

Statement of Financial Position
28 February 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		8,847		8,847
Tangible assets	4		16,891		17,419
			25,738		26,266
Current assets
Stocks	5	30,752		32,325
Debtors	6	598		11,752
Cash at bank and on hand		2,511		3,834
		33,861		47,911
Creditors amounts falling due within one year	7	(60,906)		(61,375)
Net current assets (liabilities)			(27,045)		(13,464)
Total assets less current liabilities			(1,307)		12,802
Creditors amounts falling due after one year	8		(8,948)		-
Provisions for liabilities	9		(10,392)		(3,232)
Net assets			(20,647)		9,570
Capital and reserves
Called up share capital			100		100
Profit and loss account			(20,747)		9,470
Shareholders' funds			(20,647)		9,570

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 30 November 2025, and are signed on its behalf by:

Greville Latus Leigh
Director
Registered Company No. 11820372

2XGL LTD

Notes to the Financial Statements
for the year ended 28 February 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Going concern
	In preparing the annual accounts, the directors confirm that they believe the company can continue as a going concern for at least the next 12 months from the date of these accounts. The Directors have confirmed their intention to support the continued operation of the business.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

	Intangible assets
	Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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


		Straight line (years)
	Plant and machinery	12
	Office Equipment	7

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

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

2.	Average number of employees


		2025		2024
	Average number of employees during the year	7		5

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 March 24	8,847	8,847
At 28 February 25	8,847	8,847
Net book value
At 28 February 25	8,847	8,847
At 29 February 24	8,847	8,847

4.	Tangible fixed assets

	Plant & machinery	Total
	£	£
Cost or valuation
At 01 March 24	20,393	20,393
Additions	1,434	1,434
At 28 February 25	21,827	21,827
Depreciation and impairment
At 01 March 24	2,974	2,974
Charge for year	1,962	1,962
At 28 February 25	4,936	4,936
Net book value
At 28 February 25	16,891	16,891
At 29 February 24	17,419	17,419


	Depreciation is recorded to allocate the cost of each asset over its estimated useful life.

5.	Stocks

	2025	2024
	£	£
Other stocks	30,752	32,325
Total	30,752	32,325

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	598	11,752
Total	598	11,752

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	9,199	9,166
Taxation and social security	33,353	18,115
Other creditors	18,354	34,094
Total	60,906	61,375

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	8,948	-
Total	8,948	-

9.	Provisions for liabilities

	2025	2024
	£	£
Other provisions	10,392	3,232
Total	10,392	3,232

10.	Directors advances, credits and guarantees
	At the end of the year, the company owed the director £18,354. This was repayable on demand, and no interest was charged.

11.	Guarantees provided on behalf of directors
	There were no financial guarantees or commitments, either ongoing or entered into during the period.

12.	Off-balance sheet arrangements
	The company had no off-balance sheet arrangements at year-end or at any stage during the period.