REGISTERED NUMBER: 07564220 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 MARCH 2025

FOR

X-FORCE UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Thornton

D J Whitaker

REGISTERED OFFICE:

3-1-5 Health Club

Lancaster Business Park

Mannin Way, Caton Road

Lancaster

Lancashire

LA1 3PE

REGISTERED NUMBER:

07564220 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Tangible assets

4

318,260

233,832

CURRENT ASSETS

Stocks

5

5,000

5,000

Debtors

6

1,782,381

2,344,967

Cash at bank

164,511

82,840

1,951,892

2,432,807

CREDITORS

Amounts falling due within one year

7

722,609

839,286

NET CURRENT ASSETS

1,229,283

1,593,521

TOTAL ASSETS LESS CURRENT LIABILITIES

1,547,543

1,827,353

CREDITORS

Amounts falling due after more than one year

8

4,931

393,101

NET ASSETS

1,542,612

1,434,252

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings - non

distributable

1,802,144

1,802,144

Retained earnings

(259,632

)

(367,992

)

SHAREHOLDERS' FUNDS

1,542,612

1,434,252

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

S Thornton - Director

1.	STATUTORY INFORMATION

X-Force UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents the total earned value, net of VAT, of sales made during the year.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under finance lease, over the lease term, whichever is the shorter.

Motor Vehicles - 20% reducing balance

Plant and machinery - 10% on cost

Stocks

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

Financial instruments

A basic financial instrument is a contract that gives rise to a financial asset in one entity and a financial liability or equity instrument of another entity.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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.

Financial assets classified as receivable within one year are not amortised. Trade and other debtors and amounts owed from group undertakings are measured at the undiscounted amount of cash or other consideration expected to be received.

Financial assets are assessed for indicators of impairment at each reporting end date with any impairment loss being recognised in profit and loss.

Basic financial liabilities, including creditors and bank loans are 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.

Bank loans and hire purchase contracts are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. Trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease of the term, whichever is the shorter.

The interest element is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability

Rentals paid under operating leases are charged to the profit and loss account 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.

Going concern

The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus continues to adopt the going concern basis of accounting in preparing the annual financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 64 (2024 - 59 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST OR VALUATION

At 29 March 2024

81,183

177,713

27,600

286,496

Additions

92,062

37,900

-

129,962

Disposals

-

-

(27,600

)

(27,600

)

At 28 March 2025

173,245

215,613

-

388,858

DEPRECIATION

At 29 March 2024

18,536

16,137

17,991

52,664

Charge for year

16,529

19,396

-

35,925

Eliminated on disposal

-

-

(17,991

)

(17,991

)

At 28 March 2025

35,065

35,533

-

70,598

NET BOOK VALUE

At 28 March 2025

138,180

180,080

-

318,260

At 28 March 2024

62,647

161,576

9,609

233,832

5.

STOCKS

28/3/25

28/3/24

£

£

Stocks

5,000

5,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/3/25

28/3/24

£

£

Trade debtors

5,050

6,535

Amounts owed by group undertakings

1,582,086

2,108,623

Other debtors

37,844

40,677

Deferred tax asset

127,110

167,191

Prepayments and accrued income

30,291

21,941

1,782,381

2,344,967

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/3/25

28/3/24

£

£

Bank loans and overdrafts

-

10,223

Other loans

-

72,261

Hire purchase contracts and finance leases (see note 9)

11,552

75,318

Trade creditors

127,689

153,028

Social security and other taxes

85,624

116,665

Other creditors

80,492

70,769

Accruals and deferred income

417,252

341,022

722,609

839,286

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28/3/25

28/3/24

£

£

Bank loans - 1-2 years

-

10,482

Bank loans - 2-5 years

-

958

Other loans - 1-2 years

-

77,879

Other loans - 2-5 years

-

198,698

Hire purchase contracts and finance leases (see note 9)

4,931

105,084

4,931

393,101

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

Finance leases

28/3/25

28/3/24

28/3/25

28/3/24

£

£

£

£

Net obligations repayable:

Within one year

6,651

17,785

4,901

57,533

Between one and five years

4,931

21,249

-

83,835

11,582

39,034

4,901

141,368

Non-cancellable

operating leases

28/3/25

28/3/24

£

£

Within one year

7,021

-

Between one and five years

18,137

-

25,158

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

28/3/25

28/3/24

£

£

Hire purchase contracts and finance leases

16,483

180,402

Other loans

-

215,583

16,483

395,985

Various charges have been registered at companies house secured over the assets of the company and its parent.

The liabilities due under hire purchase and finance lease agreements are secured on the related assets.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28/3/25

28/3/24

value:

£

£

100

Ordinary

£1

100

100