Registration number: SC386913

Xi Engineering Consultants Ltd

Contents

Company Information	1
Director's Report	2
Abridged Balance Sheet	3 to 4
Notes to the Unaudited Abridged Financial Statements	5 to 9

Xi Engineering Consultants Ltd

Company Information

Director

Dr Mark-Paul Buckingham

Registered office

Unit 4 7 Sandport Place Leith Edinburgh EH6 6EU

Xi Engineering Consultants Ltd

Director's Report for the Year Ended 31 December 2025

The director presents his report and the abridged financial statements for the year ended 31 December 2025.

Directors of the company

The directors who held office during the year were as follows:

Dr Mark-Paul Buckingham

Dr Brett Marmo (ceased 5 February 2026)

Ms Rebecca Clare Horton (ceased 30 September 2025)

Principal activity

The principal activity of the company is engineering related scientific and technical consulting activities.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 25 August 2026
 

......................................... Dr Mark-Paul Buckingham Director

Xi Engineering Consultants Ltd

(Registration number: SC386913)
Abridged Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	5	3,665	8,184
Tangible assets	6	44,012	35,746
		47,677	43,930
Current assets
Debtors		156,351	165,718
Cash at bank and in hand		50,992	38,623
		207,343	204,341
Prepayments and accrued income		57,846	59,015
Creditors: Amounts falling due within one year		(201,262)	(157,654)
Net current assets		63,927	105,702
Total assets less current liabilities		111,604	149,632
Creditors: Amounts falling due after more than one year		(18,982)	(24,537)
Accruals and deferred income		(123,858)	(27,960)
Net (liabilities)/assets		(31,236)	97,135
Capital and reserves
Called up share capital		81	81
Share premium reserve		399,960	400,060
Retained earnings		(431,277)	(303,006)
Shareholders' (deficit)/funds		(31,236)	97,135

For the financial 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.

Director's 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; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Xi Engineering Consultants Ltd

(Registration number: SC386913)
Abridged Balance Sheet as at 31 December 2025

All of the company’s members have consented to the preparation of an Abridged Balance Sheet and have elected to take the option not to file the Profit and Loss Account in accordance with Section 444 of the Companies Act 2006

Approved and authorised by the director on 25 August 2026
 

.........................................

Dr Mark-Paul Buckingham

Director

Xi Engineering Consultants Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Unit 4
7 Sandport Place
Leith
Edinburgh
EH6 6EU
United Kingdom

These financial statements were authorised for issue by the director on 25 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Xi Engineering Consultants Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	3 years straight line
Other tangible assets	3 years straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Xi Engineering Consultants Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 12 (2024 - 13).

4	Loss before tax

Arrived at after charging/(crediting)

Xi Engineering Consultants Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

	2025 £	2024 £
Depreciation expense	20,477	18,977
Amortisation expense	5,126	6,555

Xi Engineering Consultants Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

5	Intangible assets

	Total £
Cost or valuation
At 1 January 2025	154,095
Additions acquired separately	607
At 31 December 2025	154,702
Amortisation
At 1 January 2025	145,911
Amortisation charge	5,126
At 31 December 2025	151,037
Carrying amount
At 31 December 2025	3,665
At 31 December 2024	8,184

6	Tangible assets

	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2025	7,082	140,401	147,483
Additions	-	28,743	28,743
Disposals	-	(11,440)	(11,440)
At 31 December 2025	7,082	157,704	164,786
Depreciation
At 1 January 2025	4,838	106,899	111,737
Charge for the year	1,343	19,134	20,477
Eliminated on disposal	-	(11,440)	(11,440)
At 31 December 2025	6,181	114,593	120,774
Carrying amount
At 31 December 2025	901	43,111	44,012
At 31 December 2024	2,244	33,502	35,746