Company Registration No. 14638638 (England and Wales)
XPLOSIVE APE RETAIL LIMITED
Unaudited accounts
for the year ended 28 February 2025
XPLOSIVE APE RETAIL LIMITED
Statement of financial position
as at 28 February 2025
Intangible assets
104,551
55,000
Inventories
192,042
44,570
Cash at bank and in hand
53,719
18,312
Creditors: amounts falling due within one year
(510,775)
(395,145)
Net current liabilities
(243,104)
(202,957)
Net liabilities
(119,205)
(147,957)
Called up share capital
1
1
Profit and loss account
(119,206)
(147,958)
Shareholders' funds
(119,205)
(147,957)
For the year ending 28 February 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 August 2026 and were signed on its behalf by
Uchit Vadher
Director
Company Registration No. 14638638
XPLOSIVE APE RETAIL LIMITED
Notes to the Accounts
for the year ended 28 February 2025
XPLOSIVE APE RETAIL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14638638. The registered office is 76 Burnmoor Street, Leicester, Leicestershire, LE2 7JJ, 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.
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.
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.
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:
Fixtures & fittings
20% Straight Line Method
Computer equipment
20% Straight Line Method
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
XPLOSIVE APE RETAIL LIMITED
Notes to the Accounts
for the year ended 28 February 2025
The company has a deficit on shareholders' funds and relies upon the support of its shareholders and creditors, which has been confirmed for a period of at least twelve months from the approval of the financial statements. Accordingly the directors have prepared the financial statements on the going concern basis.
4
Intangible fixed assets
Goodwill
At 28 February 2025
104,551
At 28 February 2025
104,551
At 29 February 2024
55,000
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
19,862
3,036
22,898
At 28 February 2025
19,862
3,036
22,898
Charge for the year
3,243
307
3,550
At 28 February 2025
3,243
307
3,550
At 28 February 2025
16,619
2,729
19,348
Amounts falling due within one year
Trade debtors
21,210
1,102
XPLOSIVE APE RETAIL LIMITED
Notes to the Accounts
for the year ended 28 February 2025
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
382,583
390,831
Taxes and social security
1,147
632
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Transactions with related parties
Included within Other Debtors is an amount of £200 (2024: £Nil) due from XMERCH LTD, a company registered in England & Wales. In Which Mr. Uchit Vadher has a controlling interest in this entity. The loan is unsecured, interest-free, and repayable on demand.
Included within Other Debtors is an amount of £500 (2024: £Nil) due from VADHER HOLDINGS LIMITED, a company registered in England & Wales. In Which Mr. Uchit Vadher has a controlling interest in this entity. The loan is unsecured, interest-free, and repayable on demand.
All transactions with related parties were conducted on an arm’s length basis.
10
Average number of employees
During the year the average number of employees was 3 (2024: 3).