XO Materials Ltd - Accounts

XO Materials Ltd
Statement of Financial Position
As at 31 January 2026

	Notes	2026 £	2025 £
Fixed assets
Intangible fixed assets	3	670	1,341
Tangible fixed assets	4	114	228
		784	1,569
Current assets
Debtors	5	880	1,317
Cash at bank and in hand		6,433	19,771
		7,313	21,088
Creditors: amount falling due within one year	6	(1,461)	(1,630)
Net current assets		5,852	19,458

Total assets less current liabilities		6,636	21,027
Provisions for liabilities	7	(149)	(298)
Net assets		6,487	20,729

Capital and reserves
Called up share capital		939	939
Share Premium Account	8	99,941	99,941
Profit and loss account		(94,393)	(80,151)
Shareholders' funds		6,487	20,729

For the year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 19 August 2026 and were signed on its behalf by:

-------------------------------
Stephen Senior
Director

XO Materials Ltd
Notes to the Financial Statements
For the year ended 31 January 2026

General Information

XO Materials Ltd is a private company, limited by shares, registered in England and Wales, registration number 13547178, registration address 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Licences and patents
Licences and patents are stated at cost less amortisation. Amortisation of licences is calculated on a straight line basis over the life of the licence. Amortisation of patents is calculated on a straight line basis over the estimated expected useful economic life of the patents of years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings

25% Straight Line

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 3 (2025 : 4).

Intangible fixed assets

Cost	Other	Total
	£	£
At 01 February 2025	2,682	2,682
Additions	-	-
Disposals	-	-
At 31 January 2026	2,682	2,682
Amortisation
At 01 February 2025	1,341	1,341
Charge for year	671	671
On disposals	-	-
At 31 January 2026	2,012	2,012
Net book values
At 31 January 2026	670	670
At 31 January 2025	1,341	1,341

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Total
	£	£
At 01 February 2025	456	456
Additions	-	-
Disposals	-	-
At 31 January 2026	456	456
Depreciation
At 01 February 2025	228	228
Charge for year	114	114
On disposals	-	-
At 31 January 2026	342	342
Net book values
Closing balance as at 31 January 2026	114	114
Opening balance as at 01 February 2025	228	228

Debtors: amounts falling due within one year

	2026 £	2025 £
Called up Share Capital Not Paid	880	880
Prepayments & Accrued Income	0	437
	880	1,317

Creditors: amount falling due within one year

	2026 £	2025 £
Accrued Expenses	1,462	1,630
Other Creditors	(1)	0
	1,461	1,630

Provisions for liabilities

	2026 £		2025 £
Deferred Tax	149		298
	149		298

Share Premium Account

	2026 £		2025 £
Equity Share Premium b/fwd	99,941		99,941
	99,941		99,941


Registered Number: 13547178
England and Wales
XO MATERIALS LTD

Unaudited Financial Statements

Period of accounts Start date: 01 February 2025 End date: 31 January 2026