1 January 2024 false No description of principal activity Taxfiler 2024.6 14518766business:PrivateLimitedCompanyLtd2024-01-012024-12-31 145187662023-12-31 145187662024-01-012024-12-31 14518766business:AuditExempt-NoAccountantsReport2024-01-012024-12-31 14518766business:FilletedAccounts2024-01-012024-12-31 145187662024-12-31 145187662023-12-31 14518766core:WithinOneYear2024-12-31 14518766core:WithinOneYear2023-12-31 14518766core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 14518766core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 14518766core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 14518766core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 14518766core:PreviouslyStatedAmount2024-12-31 14518766core:PreviouslyStatedAmount2023-12-31 14518766business:SmallEntities2024-01-012024-12-31 14518766business:Director12024-01-012024-12-31 14518766countries:EnglandWales2024-01-012024-12-31 14518766business:RegisteredOffice2024-01-012024-12-31 14518766core:PlantMachinery2024-01-012024-12-31 14518766core:MotorVehicles2024-01-012024-12-31 14518766core:FurnitureFittings2024-01-012024-12-31 14518766core:PlantMachinery2023-12-31 14518766core:MotorVehicles2023-12-31 14518766core:FurnitureFittings2023-12-31 14518766core:PlantMachinery2024-12-31 14518766core:MotorVehicles2024-12-31 14518766core:FurnitureFittings2024-12-31 145187662023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 14518766 (England and Wales)
Xcuts Ltd Unaudited accounts for the year ended 31 December 2024
Xcuts Ltd Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
- 2 -
Xcuts Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
438,960 
213,061 
Current assets
Debtors
5
71,539 
108,794 
Cash at bank and in hand
15,994 
2,411 
87,533 
111,205 
Creditors: amounts falling due within one year
6
(1,250,552)
(584,708)
Net current liabilities
(1,163,019)
(473,503)
Net liabilities
(724,059)
(260,442)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(724,060)
(260,443)
Shareholders' funds
(724,059)
(260,442)
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 December 2025 and were signed on its behalf by
Dr Pedram Khalilzadeh Director Company Registration No. 14518766
- 3 -
Xcuts Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Xcuts Ltd is a private company, limited by shares, registered in England and Wales, registration number 14518766. The registered office is Unit 33-35, The I O Centre, Hearle Way, Hatfield, Hertfordshire, AL10 9EW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
246,440 
15,046 
22,595 
284,081 
Additions
352,551 
- 
19,667 
372,218 
At 31 December 2024
598,991 
15,046 
42,262 
656,299 
Depreciation
At 1 January 2024
61,610 
3,761 
5,649 
71,020 
Charge for the year
134,345 
2,821 
9,153 
146,319 
At 31 December 2024
195,955 
6,582 
14,802 
217,339 
Net book value
At 31 December 2024
403,036 
8,464 
27,460 
438,960 
At 31 December 2023
184,830 
11,285 
16,946 
213,061 
- 4 -
Xcuts Ltd Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
27,154 
64,409 
Other debtors
44,385 
44,385 
71,539 
108,794 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
208,078 
212,152 
Taxes and social security
72,027 
18,605 
Other creditors
79 
353,951 
Loans from directors
953,813 
- 
Accruals
16,555 
- 
1,250,552 
584,708 
7
Average number of employees
During the year the average number of employees was 3 (2023: 2).
- 5 -