Acorah Software Products - Accounts Production 19.3.550 false true true 31 October 2024 1 November 2023 false 1 November 2024 31 October 2025 31 October 2025 06716482 Mr Paul Thomas iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06716482 2024-10-31 06716482 2025-10-31 06716482 2024-11-01 2025-10-31 06716482 frs-core:CurrentFinancialInstruments 2025-10-31 06716482 frs-core:Non-currentFinancialInstruments 2025-10-31 06716482 frs-core:ComputerEquipment 2025-10-31 06716482 frs-core:ComputerEquipment 2024-11-01 2025-10-31 06716482 frs-core:ComputerEquipment 2024-10-31 06716482 frs-core:FurnitureFittings 2025-10-31 06716482 frs-core:FurnitureFittings 2024-11-01 2025-10-31 06716482 frs-core:FurnitureFittings 2024-10-31 06716482 frs-core:MotorVehicles 2024-11-01 2025-10-31 06716482 frs-core:PlantMachinery 2025-10-31 06716482 frs-core:PlantMachinery 2024-11-01 2025-10-31 06716482 frs-core:PlantMachinery 2024-10-31 06716482 frs-core:ShareCapital 2025-10-31 06716482 frs-core:RetainedEarningsAccumulatedLosses 2025-10-31 06716482 frs-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 06716482 frs-bus:FilletedAccounts 2024-11-01 2025-10-31 06716482 frs-bus:SmallEntities 2024-11-01 2025-10-31 06716482 frs-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 06716482 frs-bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 06716482 frs-bus:Director1 2024-11-01 2025-10-31 06716482 frs-countries:EnglandWales 2024-11-01 2025-10-31 06716482 2023-10-31 06716482 2024-10-31 06716482 2023-11-01 2024-10-31 06716482 frs-core:CurrentFinancialInstruments 2024-10-31 06716482 frs-core:Non-currentFinancialInstruments 2024-10-31 06716482 frs-core:ShareCapital 2024-10-31 06716482 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31
Registered number: 06716482
X Industries Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
Broadwing Accountancy Services Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06716482
2025 2024
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,716 21,438
11,716 21,438
CURRENT ASSETS
Debtors 5 53,761 99,903
Investments 6 - 1,695
Cash at bank and in hand 14,128 53,036
67,889 154,634
Creditors: Amounts Falling Due Within One Year 7 (110,725 ) (82,082 )
NET CURRENT ASSETS (LIABILITIES) (42,836 ) 72,552
TOTAL ASSETS LESS CURRENT LIABILITIES (31,120 ) 93,990
Creditors: Amounts Falling Due After More Than One Year 8 (172,888 ) (201,077 )
NET LIABILITIES (204,008 ) (107,087 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (204,009 ) (107,088 )
SHAREHOLDERS' FUNDS (204,008) (107,087)
Page 1
Page 2
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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 Paul Thomas
Director
03/08/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
X Industries Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06716482 . The registered office is The Beren, Blisworth Hill Business Park, Stoke Road, Blisworth, Northamptonshire, NN7 3DB.
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. Going Concern Disclosure
During the year the company entered a Company Voluntary Arrangement with its creditors after a period of financial difficulty. The directors have prepared forecasts for at least 12 months from approval of these accounts, which show the company can meet its obligations provided it complies with the CVA and achieves forecast trading. This represents a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern; failure to meet the CVA's terms could lead to the Supervisor petitioning for winding up.
Having considered this, the directors believe the company will have adequate resources to continue trading for the foreseeable future and have prepared these accounts on a going concern basis
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. 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:
Plant & Machinery 4 years straight line
Motor Vehicles 4 years straight line
Fixtures & Fittings 4 years straight line
Computer Equipment 4 years straight line
2.5. 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.
Page 3
Page 4
2.6. 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 year 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 asset reflects 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2024 44,883 50,639 33,725 129,247
Additions - - 1,700 1,700
As at 31 October 2025 44,883 50,639 35,425 130,947
Depreciation
As at 1 November 2024 24,883 50,021 32,905 107,809
Provided during the period 10,000 521 901 11,422
As at 31 October 2025 34,883 50,542 33,806 119,231
Net Book Value
As at 31 October 2025 10,000 97 1,619 11,716
As at 1 November 2024 20,000 618 820 21,438
Page 4
Page 5
5. Debtors
2025 2024
as restated
£ £
Due within one year
Trade debtors 22,400 62,262
Prepayments and accrued income - 1,128
Other debtors 70 70
Corporation tax recoverable assets 8,861 -
Director's loan account 16,770 21,923
48,101 85,383
Due after more than one year
Corporation tax recoverable assets 5,660 14,520
53,761 99,903
6. Current Asset Investments
2025 2024
as restated
£ £
Short term deposits - 1,695
7. Creditors: Amounts Falling Due Within One Year
2025 2024
as restated
£ £
Trade creditors 40,802 17,033
Other loans 28,416 -
Corporation tax - 7,265
Other taxes and social security 3,611 1,579
VAT 37,896 55,904
Other creditors - 301
110,725 82,082
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
as restated
£ £
Bank loans - 201,077
Other loans 172,888 -
172,888 201,077
9. Share Capital
2025 2024
as restated
£ £
Allotted, Called up and fully paid 1 1
Page 5