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REGISTERED NUMBER: SC432270 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

AUTOMATION XL LIMITED
AUTOMATION XL LIMITED (REGISTERED NUMBER: SC432270)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AUTOMATION XL LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTOR: C Laird





REGISTERED OFFICE: XL House
Woodburn Road
Blackburn
Aberdeen
AB21 0PS





REGISTERED NUMBER: SC432270 (Scotland)





1
AUTOMATION XL LIMITED (REGISTERED NUMBER: SC432270)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 350,000 350,000
Tangible assets 5 2,191 5,731
352,191 355,731

CURRENT ASSETS
Debtors 6 1,632,328 1,585,465
Cash at bank and in hand 97,822 11,570
1,730,150 1,597,035
CREDITORS
Amounts falling due within one year 7 1,319,146 1,206,170
NET CURRENT ASSETS 411,004 390,865
TOTAL ASSETS LESS CURRENT
LIABILITIES
763,195
746,596

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 763,194 746,595
SHAREHOLDERS' FUNDS 763,195 746,596

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 January 2026 and were signed by:




C Laird - Director


The notes form part of these financial statements

2
AUTOMATION XL LIMITED (REGISTERED NUMBER: SC432270)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Automation XL Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of two years.

Development costs
Development costs are capitalised and will be amortised at a term to be decided once the development stage is complete.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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.

Research costs
Expenditure on research is written off in the year in which it is incurred.

3
AUTOMATION XL LIMITED (REGISTERED NUMBER: SC432270)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 12 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 14,999 350,000 364,999
AMORTISATION
At 1 January 2024
and 31 December 2024 14,999 - 14,999
NET BOOK VALUE
At 31 December 2024 - 350,000 350,000
At 31 December 2023 - 350,000 350,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024
and 31 December 2024 36,663 19,244 60,872 43,756 160,535
DEPRECIATION
At 1 January 2024 36,471 19,223 60,872 38,238 154,804
Charge for year 120 21 - 3,399 3,540
At 31 December 2024 36,591 19,244 60,872 41,637 158,344
NET BOOK VALUE
At 31 December 2024 72 - - 2,119 2,191
At 31 December 2023 192 21 - 5,518 5,731

4
AUTOMATION XL LIMITED (REGISTERED NUMBER: SC432270)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 762,283 693,618
Amounts owed by group undertakings 70,293 261,618
Amounts owed by participating interests 632,935 522,242
Other debtors 166,817 107,987
1,632,328 1,585,465

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 250,777 398,785
Amounts owed to group undertakings 460,780 440,095
Amounts owed to participating interests 486,893 321,015
Taxation and social security 116,442 38,889
Other creditors 4,254 7,386
1,319,146 1,206,170

8. ULTIMATE CONTROLLING PARTY

The controlling party is the directors.

The ultimate controlling party is XL Global Group Ltd.

5