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Company Registration No. 07338043 (England and Wales)
XELABUS LIMITED Unaudited accounts for the year ended 31 March 2025
XELABUS LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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XELABUS LIMITED Company Information for the year ended 31 March 2025
Director
Gareth Blair
Company Number
07338043 (England and Wales)
Registered Office
Unit 1 Barton Farm Industrial Estate Chickenhall Lane Eastleigh Hampshire SO50 6RP England
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XELABUS LIMITED Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
2,464
9,970
Tangible assets
5
1,537,498
1,557,711
1,539,962
1,567,681
Current assets
Inventories
4,000
4,000
Debtors
6
1,687,673
965,033
Cash at bank and in hand
23,557
15,796
1,715,230
984,829
Creditors: amounts falling due within one year
7
(1,998,376)
(957,475)
Net current (liabilities)/assets
(283,146)
27,354
Total assets less current liabilities
1,256,816
1,595,035
Creditors: amounts falling due after more than one year
8
(709,405)
(774,372)
Provisions for liabilities
Deferred tax
(271,251)
(276,906)
Net assets
276,160
543,757
Capital and reserves
Called up share capital
100
100
Revaluation reserve
228,493
228,493
Profit and loss account
47,567
315,164
Shareholders' funds
276,160
543,757
For the year ending 31 March 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 26 May 2026 and were signed on its behalf by
Gareth Blair Director Company Registration No. 07338043
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XELABUS LIMITED Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
XELABUS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07338043. The registered office is Unit 1, Barton Farm Industrial Estate, Chickenhall Lane, Eastleigh, Hampshire, SO50 6RP, 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 remained unchanged from the previous year, and also 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.
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:
Plant & machinery
15-20% reducing balance basis
Motor vehicles
10% straight line basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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XELABUS LIMITED Notes to the Accounts for the year ended 31 March 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Other
£
Cost
At 1 April 2024
75,056
At 31 March 2025
75,056
Amortisation
At 1 April 2024
65,086
Charge for the year
7,506
At 31 March 2025
72,592
Net book value
At 31 March 2025
2,464
At 31 March 2024
9,970
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
449,598
1,922,008
2,371,606
Additions
155,881
560,719
716,600
Disposals
(62,490)
(605,451)
(667,941)
At 31 March 2025
542,989
1,877,276
2,420,265
Depreciation
At 1 April 2024
291,886
522,009
813,895
Charge for the year
34,616
188,171
222,787
On disposals
(15,888)
(138,027)
(153,915)
At 31 March 2025
310,614
572,153
882,767
Net book value
At 31 March 2025
232,375
1,305,123
1,537,498
At 31 March 2024
157,712
1,399,999
1,557,711
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XELABUS LIMITED Notes to the Accounts for the year ended 31 March 2025
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
225,414
198,796
Amounts due from group undertakings etc.
863,290
167,138
Accrued income and prepayments
598,969
221,908
Other debtors
-
377,191
1,687,673
965,033
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
374,540
112,196
Obligations under finance leases and hire purchase contracts
341,347
106,084
Trade creditors
438,978
292,225
Taxes and social security
(3,286)
38,155
Other creditors
675,792
205,479
Accruals
88,310
74,855
Deferred income
82,695
128,481
1,998,376
957,475
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
81,382
69,221
Obligations under finance leases and hire purchase contracts
628,023
705,151
709,405
774,372
9
Transactions with related parties
During the year, the company made payments on behalf of Xela Group Ltd, At the balance sheet date the company was owed £863,290 (2024: £167.138) from Xela Group Ltd, the parent company.
10
Average number of employees
During the year the average number of employees was 60 (2024: 60).
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