REGISTERED NUMBER: 14712650 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 August 2025

for

XOS GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Evison

A Mackay

REGISTERED OFFICE:

10-12 East Parade

Leeds

West Yorkshire

LS1 2BH

REGISTERED NUMBER:

14712650 (England and Wales)

ACCOUNTANTS:

Fortus Limited

3 Park Square East

Leeds

LS1 2NE

FIXED ASSETS

Tangible assets

4

16,278

10,084

CURRENT ASSETS

Debtors

5

445,866

115,015

Cash at bank

21,896

28,715

467,762

143,730

CREDITORS

Amounts falling due within one year

6

509,277

104,188

NET CURRENT (LIABILITIES)/ASSETS

(41,515

)

39,542

TOTAL ASSETS LESS CURRENT LIABILITIES

(25,237

)

49,626

CREDITORS

Amounts falling due after more than one year

7

-

39,699

NET (LIABILITIES)/ASSETS

(25,237

)

9,927

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(25,337

)

9,827

SHAREHOLDERS' FUNDS

(25,237

)

9,927

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2026 and were signed on its behalf by:

A J Evison - Director

1.	STATUTORY INFORMATION

XOS Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

In applying the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities. Estimates and assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The main judgement concerns the likely future demand for the company's products and how that impacts on the carrying value of stock. The director has based his judgement on his considerable experience and understanding of the product and its marketplace.

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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Financial instruments

The company enters into basic financial instrument transactions resulting in the recognition of financial assets and liabilities such as trade debtors and trade creditors, loans from banks and loans to and from related parties. Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured at the undiscounted constitutes a financing transaction, such as the payment of a trade debt beyond normal business terms or financed at a non-market rate of interest, the financial asset or liability is measured at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 September 2024

3,447

9,906

13,353

Additions

2,002

9,242

11,244

At 31 August 2025

5,449

19,148

24,597

DEPRECIATION

At 1 September 2024

927

2,342

3,269

Charge for year

1,157

3,893

5,050

At 31 August 2025

2,084

6,235

8,319

NET BOOK VALUE

At 31 August 2025

3,365

12,913

16,278

At 31 August 2024

2,520

7,564

10,084

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

438,089

115,015

Tax recoverable

7,777

-

445,866

115,015

Included within trade debtors are debts owed to the company upon which are the subject of a factoring loan. Disclosed as part of the creditors in note 8. At 31 August 2025 the amount advanced was £221,360 (2024: £41,650). This sum is secured by way of a fixed and floating charge against all the company's assets.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

245,399

22,781

Corporation tax

7,777

-

Social security and other taxes

1,666

297

VAT

13,645

17,997

Factoring loan

221,360

41,650

Other creditors

17,759

-

Directors' current accounts

126

20,963

Accrued expenses

1,545

500

509,277

104,188

The factoring loan is secured against approved trade debtors.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Loan creditor

-

39,699

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Factoring loan

221,360

41,650