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REGISTERED NUMBER: 05174676 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

XS ELECTRICAL MATERIALS LIMITED

XS ELECTRICAL MATERIALS LIMITED (REGISTERED NUMBER: 05174676)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

XS ELECTRICAL MATERIALS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 AUGUST 2025

| DIRECTORS: | Mr V A Chruszcz

| Mrs R A Chruszcz

| REGISTERED OFFICE: | 1 Langley Court

| Pyle Street

| Newport

| Isle of Wight

| PO30 1LA

| REGISTERED NUMBER: | 05174676 (England and Wales)

| ACCOUNTANTS: | Xeinadin Isle of Wight

| 1 Langley Court

| Pyle Street

| Newport

| Isle of Wight

| PO30 1LA

XS ELECTRICAL MATERIALS LIMITED (REGISTERED NUMBER: 05174676)

BALANCE SHEET

31 AUGUST 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Tangible assets | 4 | 1,318 |  | 1,757 |  |

CURRENT ASSETS

Stocks | 5 | 435,961 |  | 360,046 |  |

Debtors | 6 | 21,545 |  | 14,034 |  |

Cash at bank | 8 |  | 7 |  |

457,514 |  | 374,087 |  |

CREDITORS

Amounts falling due within one year | 7 | 530,312 |  | 392,616 |  |

NET CURRENT LIABILITIES | (72,798 | ) | (18,529 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (71,480 | ) | (16,772 | ) |

CREDITORS

Amounts falling due after more than one year | 8 | - |  | 9,640 |  |

NET LIABILITIES | (71,480 | ) | (26,412 | ) |

CAPITAL AND RESERVES

Called up share capital | 10 | 1 |  | 1 |  |

Retained earnings | (71,481 | ) | (26,413 | ) |

SHAREHOLDERS' FUNDS | (71,480 | ) | (26,412 | ) |

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

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

The directors acknowledge their 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.

XS ELECTRICAL MATERIALS LIMITED (REGISTERED NUMBER: 05174676)

BALANCE SHEET - continued

31 AUGUST 2025

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 and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2026 and were signed on its behalf by:

Mr V A Chruszcz - Director

XS ELECTRICAL MATERIALS LIMITED (REGISTERED NUMBER: 05174676)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1. | STATUTORY INFORMATION

| XS Electrical Materials Limited is a private company, limited by shares , registered in England and Wales. 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.

| 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 | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Computer equipment | - | 25% on reducing balance

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and 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.

| 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 2 (2024 - 3 ) .

XS ELECTRICAL MATERIALS LIMITED (REGISTERED NUMBER: 05174676)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

4. | TANGIBLE FIXED ASSETS

Fixtures |

Plant and | and | Computer |

machinery | fittings | equipment | Totals |

| £ | £ | £ | £

| COST

| At 1 September 2024

| and 31 August 2025 | 805 |  | 2,630 |  | 2,517 |  | 5,952 |  |

| DEPRECIATION

| At 1 September 2024 | 791 |  | 1,652 |  | 1,752 |  | 4,195 |  |

| Charge for year | 3 |  | 244 |  | 192 |  | 439 |  |

| At 31 August 2025 | 794 |  | 1,896 |  | 1,944 |  | 4,634 |  |

| NET BOOK VALUE

| At 31 August 2025 | 11 |  | 734 |  | 573 |  | 1,318 |  |

| At 31 August 2024 | 14 |  | 978 |  | 765 |  | 1,757 |  |

5. | STOCKS

2025 | 2024 |

| £ | £

| Stocks | 435,961 |  | 360,046 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| £ | £

| Trade debtors | 1,225 |  | 8,071 |  |

| VAT | 14,861 |  | - |  |

| Prepayments | 5,459 |  | 5,963 |  |

21,545 |  | 14,034 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| £ | £

| Bank loans and overdrafts | 97,803 |  | 84,334 |  |

| Other loans | 70,500 |  | 74,500 |  |

| Trade creditors | 133,002 |  | 46,282 |  |

| Social security and other taxes | 230 |  | 306 |  |

| VAT | - |  | 5,805 |  |

| Other creditors | 103 |  | 92 |  |

| Directors' loan accounts | 226,959 |  | 179,790 |  |

| Accrued expenses | 1,715 |  | 1,507 |  |

530,312 |  | 392,616 |  |

| Other creditors consists of pension contributions amounting to £103 (2024: £92).

XS ELECTRICAL MATERIALS LIMITED (REGISTERED NUMBER: 05174676)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

| £ | £

| Bank loans - 1-2 years | - |  | 9,640 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

| £ | £

| Bank overdrafts | 88,163 |  | 74,066 |  |

| The bank overdraft is secured by a personal guarantee given by the director, Mr V Chruszcz.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

value: |  | £ | £

| 1 | Ordinary | £1 | 1 |  | 1 |  |

11. | ULTIMATE CONTROLLING PARTY

| The controlling party is Mr V A Chruszcz.