XPLOR - BUSINESS SOLUTIONS LIMITED

Registered number

10404303

Filleted Accounts

31 December 2024

XPLOR - BUSINESS SOLUTIONS LIMITED
Registered number:		10404303
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	4		1,727			2,578

Current assets
Debtors	5	264,803			275,607
Cash at bank and in hand		16,154			16,391
		280,957			291,998

Creditors: amounts falling due within one year	6	(1,642,538)			(1,385,096)

Net current liabilities			(1,361,581)			(1,093,098)

Net liabilities			(1,359,854)			(1,090,520)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(1,359,954)			(1,090,620)

Shareholders' funds			(1,359,854)			(1,090,520)


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities




T M Pinto Maia Da Mota Baptista
Director
Approved by the board on 19 December 2025

XPLOR - BUSINESS SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation of financial statements
	The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

	Going concern

	The directors have assessed the financial performance and future cash flow requirements of the Company at the date when the financial statements were authorised for issue. The Company has obtained the financial support letter from the parent company for at least 12 months from the date of the financial statements approval. The letter confirms that the parent company will provide where needed the necessary financial support so that the Company can meet its commitments and continue its business under normal conditions. The directors have satisfied themselves that the parent company is able to provide the financial support needed for at least 12 months from when the financial statements were authorised for issue to enable it to continue to trade. As a result, the directors believe the company has adequate resources to enable it to continue as a going concern. The financial statements have been prepared on a going concern basis, which the directors deem appropriate due to the financial support from the Parent Company. This support ensures that the Company can meet its commitments and continue its business operations under normal conditions. Due to the Company’s performance and financial position post year end, and availability of parental support, the directors do not consider there to be any material uncertainty relating to the Company’s ability to continue as a going concern and have prepared the financial statements on a going concern basis.

	Turnover
	Revenue is recognised through the supply of IT business solutions to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes

	Finance costs
	Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instruments

	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:

	Office equipment		33% reducing balance
	Computer equipment		33% reducing balance

	Financial instruments
	The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors, and creditors.

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation

	Functional and presentation currency
	The company's functional and presentational currency is GBP.

	Transactions and balances
	Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and nonmonetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

	Pensions
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.


2	Audit information

	The audit report is unqualified.

	Senior statutory auditor:	Hannah Justice FCA FCCA (Senior Statutory Auditor)
	Firm:	BSN Associates Limited
	Date of audit report:	19 December 2025


3	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			4		4


4	Tangible fixed assets
						Plant and machinery etc
£
	Cost
	At 1 January 2024					8,233
	At 31 December 2024					8,233

	Depreciation
	At 1 January 2024					5,655
	Charge for the year					851
	At 31 December 2024					6,506

	Net book value
	At 31 December 2024					1,727
	At 31 December 2023					2,578


5	Debtors			2024		2023
£					£

	Trade debtors			160,379		152,411
	Other debtors			104,424		123,196
				264,803		275,607


6	Creditors: amounts falling due within one year			2024		2023
£					£

	Trade creditors			113,072		51,954
	Taxation and social security costs			22,866		54,294
	Other creditors			1,506,600		1,278,848
				1,642,538		1,385,096



7	Related party transactions

	The company has taken advantage of the exemption in FRS 102 Section 1A - small entities, from the requirement to disclose transactions with group companies on the grounds that the company is a wholly owned subsidiary of undertaking of the group.


8	Controlling party

	The immediate parent undertaking is Xplor Business Solutions SGPS S.A., a company registered in Portugal. The registered office of Xplor Business Solutions SGPS S.A. is Edifício Tower Plaza, Rotunda Eng. Edgar Cardoso, 23 2ºA/B, 4400-676 VN Gaia Porto. The Company's ultimate controlling party is Feliciano Carvalho SGPS,S.A ., a company incorporated in Portugal. The results of the company are consolidated into the results of IN Agris SGPS SA which is an intermediate parent company. The consolidated financial statements of IN Agris SGPS SA are available at the registered office address of Zona Industrial do Cadaval Lt21, 2550-171 Cadaval, Portugal.
9	Share capital
	Share capital issued were 100 shares at £1.00 each and all of them were paid.

10	Other information

	XPLOR - BUSINESS SOLUTIONS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	1st Floor 10 Bloomsbury Way
	London
	England
	WC1A 2SL