XBZ Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03493135

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		15,219		23,880

			15,219		23,880
CURRENT ASSETS
Debtors	5	168,145		161,846
Cash at bank and in hand		234		8,683

		168,379		170,529
Creditors: Amounts Falling Due Within One Year	6	(155,673 )		(154,938 )

NET CURRENT ASSETS (LIABILITIES)			12,706		15,591

TOTAL ASSETS LESS CURRENT LIABILITIES			27,925		39,471

Creditors: Amounts Falling Due After More Than One Year	7		(6,701 )		(36,775 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,000 )		(1,200 )

NET ASSETS			20,224		1,496

CAPITAL AND RESERVES
Called up share capital	8		30,945		30,945
Capital redemption reserve			4,055		4,055
Profit and Loss Account			(14,776 )		(33,504 )

SHAREHOLDERS' FUNDS			20,224		1,496

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XBZ Limited

Balance Sheet (continued)

As At 30 April 2025

For the year ending 30 April 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr J A Phillips

Director

31 March 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

XBZ Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03493135 . The registered office is 7-11 Moorgate, London, EC2R 6AF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold property	over the period left on the lease
Office fixtures, fittings, equipment	25% on reducing balance

2.4. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

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XBZ Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 4)

4. Tangible Assets

	Land & Property
	Leasehold property	Office fixtures, fittings, equipment	Total
	£	£	£
Cost
As at 1 May 2024	62,449	47,179	109,628
Additions	-	540	540

As at 30 April 2025	62,449	47,719	110,168

Depreciation
As at 1 May 2024	44,964	40,784	85,748
Provided during the period	7,494	1,707	9,201

As at 30 April 2025	52,458	42,491	94,949

Net Book Value
As at 30 April 2025	9,991	5,228	15,219

As at 1 May 2024	17,485	6,395	23,880

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	134,108	107,296
Directors' loan accounts	34,037	54,550

	168,145	161,846

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XBZ Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	106,300	74,875
Bank loans and overdrafts	30,000	30,000
Corporation tax	8,461	8,338
Other taxes and social security	1,047	423
Other creditors	5,000	30,000
Accruals and deferred income	4,865	11,302

	155,673	154,938

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	6,701	36,775

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	30,945	30,945

9. Directors Advances, Credits and Guarantees

	2025	2024
	£	£
Balance outstanding at start of year	54,550	31,609
Amounts advanced	34,037	54,550
Amounts repaid	(54,550)	(31,609)
Balance outstanding at end of year	34,037	54,550

The amount owed by the directors of £34,037 was repaid to the company by 31/1/26.

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