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Company Registration No. 15842722 (England and Wales)
Xquisite Innovation Ltd Unaudited accounts for the period from 16 July 2024 to 31 July 2025
Xquisite Innovation Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Xquisite Innovation Ltd Company Information for the period from 16 July 2024 to 31 July 2025
Director
Mrs A F IBAZEBO
Company Number
15842722 (England and Wales)
Registered Office
212 Baker Street Enfield EN1 3JY England
Accountants
DNG Associates 214 Baker Street Enfield London EN1 3JT
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Xquisite Innovation Ltd Statement of financial position as at 31 July 2025
2025
Notes
£
Fixed assets
Tangible assets
4
16,744
Current assets
Inventories
1,411
Debtors
5
5,185
Cash at bank and in hand
604
7,200
Creditors: amounts falling due within one year
6
(28,250)
Net current liabilities
(21,050)
Net liabilities
(4,306)
Capital and reserves
Called up share capital
7
1
Profit and loss account
(4,307)
Shareholders' funds
(4,306)
For the period ending 31 July 2025 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 her 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 13 April 2026 and were signed on its behalf by
Mrs A F IBAZEBO Director Company Registration No. 15842722
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Xquisite Innovation Ltd Notes to the Accounts for the period from 16 July 2024 to 31 July 2025
1
Statutory information
Xquisite Innovation Ltd is a private company, limited by shares, registered in England and Wales, registration number 15842722. The registered office is 212 Baker Street, Enfield, EN1 3JY, 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 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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:
Fixtures & fittings
18% - Reducing balance method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.
Reporting period
The company was incorporated on 16 July 2024, started trading on 8 October 2024. Thus, the reporting period is from 8 October 2024 to 31 July 2025.
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Xquisite Innovation Ltd Notes to the Accounts for the period from 16 July 2024 to 31 July 2025
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 16 July 2024
-
Additions
20,420
At 31 July 2025
20,420
Depreciation
Charge for the period
3,676
At 31 July 2025
3,676
Net book value
At 31 July 2025
16,744
5
Debtors
2025
£
Amounts falling due after more than one year
Other debtors
5,185
6
Creditors: amounts falling due within one year
2025
£
Loans from directors
27,650
Accruals
600
28,250
7
Share capital
2025
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
8
Transactions with related parties
Included within other creditors is an amount of £27,650 due to its director. There are no terms as to interest or repayment in respect of this balance.
9
Average number of employees
During the period the average number of employees was 0.
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