XLS DEVELOPMENTS LTD
Statement of financial position
as at 31 August 2025
Tangible assets
165,000
165,000
Cash at bank and in hand
20,018
-
Creditors: amounts falling due within one year
(175,745)
(148,741)
Net current liabilities
(138,917)
(148,741)
Profit and loss account
26,082
16,258
Shareholders' funds
26,083
16,259
For the year ending 31 August 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 his 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 20 May 2026 and were signed on its behalf by
C Smithyman
Director
Company Registration No. 12153215
XLS DEVELOPMENTS LTD
Notes to the Accounts
for the year ended 31 August 2025
XLS DEVELOPMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 12153215. The registered office is The Corner House, 4 Beaumont Road, Church Stretton, Shropshire, SY6 6BN, United Kingdom.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Land & buildings
At 1 September 2024
165,000
Amounts falling due within one year
XLS DEVELOPMENTS LTD
Notes to the Accounts
for the year ended 31 August 2025
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
7,731
5,142
Other creditors
94,000
70,000
Loans from directors
72,000
71,999
7
Transactions with related parties
During the year loans were made to companies of which Mr Smithman is a director of £16810 (2024: £0). Owed at the year end £16810 (2024: £0).
During the year loans were received from companies of which Mr Smithyman is a director of £24000 (2024: £0). Owing at the year end £24000 (2024: £0).
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).