X 2 Connect Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04826493

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		128,524		146,723

			128,524		146,723
CURRENT ASSETS
Stocks	5	369,679		439,898
Debtors	6	357,377		186,859
Cash at bank and in hand		727,938		543,962

		1,454,994		1,170,719
Creditors: Amounts Falling Due Within One Year	7	(467,037 )		(298,336 )

NET CURRENT ASSETS (LIABILITIES)			987,957		872,383

TOTAL ASSETS LESS CURRENT LIABILITIES			1,116,481		1,019,106

PROVISIONS FOR LIABILITIES
Deferred Taxation			(19,705 )		(22,127 )

NET ASSETS			1,096,776		996,979

CAPITAL AND RESERVES
Called up share capital	8		30		30
Capital redemption reserve			80		80
Profit and Loss Account			1,096,666		996,869

SHAREHOLDERS' FUNDS			1,096,776		996,979

Page 1

Page 2

X 2 Connect Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 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 directors acknowledge their 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 M White

Director

25 August 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

X 2 Connect Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04826493 . The registered office is Network Place, 1 Brunel Drive, Newark, Notts, NG24 2EG.

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. 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.

2.3. 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:

Leasehold	4% straight line
Plant & Machinery	7.5% or 15% reducing balance
Motor Vehicles	25% reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 29 (2024: 33)

Page 3

Page 4

X 2 Connect Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 January 2025	94,538	569,169	95,639	759,346
Additions	-	3,748	-	3,748

As at 31 December 2025	94,538	572,917	95,639	763,094

Depreciation
As at 1 January 2025	66,234	491,983	54,406	612,623
Provided during the period	3,781	7,858	10,308	21,947

As at 31 December 2025	70,015	499,841	64,714	634,570

Net Book Value
As at 31 December 2025	24,523	73,076	30,925	128,524

As at 1 January 2025	28,304	77,186	41,233	146,723

5. Stocks

	2025	2024
	£	£
Stock	369,679	439,898

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	292,146	125,183
Prepayments and accrued income	65,231	61,676

	357,377	186,859

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	186,932	128,848
Bank loans and overdrafts	43	-
Corporation tax	70,793	45,198
PAYE and NIC control	42,026	41,960
VAT	120,811	49,091
Kiosk deposits	18,779	20,554
Accruals and deferred income	27,653	12,685

	467,037	298,336

Page 4

Page 5

X 2 Connect Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	30	30

Page 5