REGISTERED NUMBER: 10753065 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

X Twenty Nine Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Intangible assets

4

5,859

8,751

Tangible assets

5

8,315

5,898

14,174

14,649

CURRENT ASSETS

Debtors

6

644,470

626,161

Cash at bank and in hand

8,585

9,915

653,055

636,076

CREDITORS

Amounts falling due within one year

7

111,543

82,509

NET CURRENT ASSETS

541,512

553,567

TOTAL ASSETS LESS CURRENT LIABILITIES

555,686

568,216

CREDITORS

Amounts falling due after more than one year

8

(5,000

)

(15,000

)

PROVISIONS FOR LIABILITIES

(2,079

)

(1,121

)

NET ASSETS

548,607

552,095

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

548,507

551,995

SHAREHOLDERS' FUNDS

548,607

552,095

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 November 2025 and were signed by:

Mr J A Cooper - Director

1.	STATUTORY INFORMATION

X Twenty Nine Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

10753065

Registered office:

Ebenezer House

Ryecroft

Newcastle

Staffordshire

ST5 2BE

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.

Turnover

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

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

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.

Computer software is being amortised evenly over its estimated useful life of 5 years.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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

Rentals paid under operating leases are charged to profit or loss 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 June 2024

and 31 May 2025

14,460

AMORTISATION

At 1 June 2024

5,709

Amortisation for year

2,892

At 31 May 2025

8,601

NET BOOK VALUE

At 31 May 2025

5,859

At 31 May 2024

8,751

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 June 2024

8,161

11,383

19,544

Additions

1,961

2,595

4,556

At 31 May 2025

10,122

13,978

24,100

DEPRECIATION

At 1 June 2024

3,863

9,783

13,646

Charge for year

1,148

991

2,139

At 31 May 2025

5,011

10,774

15,785

NET BOOK VALUE

At 31 May 2025

5,111

3,204

8,315

At 31 May 2024

4,298

1,600

5,898

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

61,879

57,193

Amounts owed by group undertakings

558,010

558,010

Other debtors

24,581

10,958

644,470

626,161

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

20,388

21,751

Taxation and social security

76,585

48,488

Other creditors

4,570

2,270

111,543

82,509

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

5,000

15,000

9.	OTHER FINANCIAL COMMITMENTS

The financial commitments, which are not included in the balance sheet amount to £74,148 (2024: £nil). These financial commitments represent the total amount of payments for leases ending on 31st May 2027.

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by JT Maxwell Limited who own 100% of the company share capital.