Company Registration No. 09972485 (England and Wales)
Xetrov Industries Ltd
Unaudited accounts
for the year ended 31 December 2025
Xetrov Industries Ltd
Unaudited accounts
Contents
Xetrov Industries Ltd
Company Information
for the year ended 31 December 2025
Directors
Richard John Anderson
Ashleigh Jane Ruxton
Stephanie Amstutz
Company Number
09972485 (England and Wales)
Registered Office
Xetrov
Xetrov House
Browns Road
Daventry
Northamptonshire
NN11 4NS
England
Xetrov Industries Ltd
Statement of financial position
as at 31 December 2025
Intangible assets
-
1,076,052
Cash at bank and in hand
33
19
Creditors: amounts falling due within one year
(2,430,821)
(2,165,081)
Net current liabilities
(1,680,788)
(2,164,681)
Net liabilities
(1,680,788)
(1,065,754)
Called up share capital
700,001
700,001
Profit and loss account
(2,380,789)
(1,765,755)
Shareholders' funds
(1,680,788)
(1,065,754)
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 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 of Directors and authorised for issue on 17 April 2026 and were signed on its behalf by
Ashleigh Jane Ruxton
Director
Company Registration No. 09972485
Xetrov Industries Ltd
Notes to the Accounts
for the year ended 31 December 2025
Xetrov Industries Ltd is a private company, limited by shares, registered in England and Wales, registration number 09972485. The registered office is Xetrov, Xetrov House, Browns Road, Daventry, Northamptonshire, NN11 4NS, 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.
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:
Land & buildings
10% Straight Line (Leasehold Property)
Plant & machinery
10% Reducing Balance
Motor vehicles
25% Reducing Balance
Other tangible fixed assets
33% Reducing Balance
Expenditure on research and development is written off in the year in which it is incurred.
Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met:
i) It is technically feasible to complete the intangible asset so that it will be available for use or sale;
ii) There is intention to complete the intangible asset and use or sell it;
iii) There is the ability to use or sell the intangible asset;
iv) The use or sale of the intangible asset will generate probablye future economic benefits;
v) There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and
vi) the expenditure attributable to the intangible asset during its development can be measured reliably.
Expenditure that does not meet the above criteria is expensed as incurred.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation and impairment losses.
Xetrov Industries Ltd
Notes to the Accounts
for the year ended 31 December 2025
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.
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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The balance sheet at 30 December 2021 shows that the company had net liabilities and net current liabilities.
The company is supported by Xetrov Group Ltd and the directors have confirmed their continuing support for the company.
4
Intangible fixed assets
Other
At 1 January 2025
1,076,052
At 31 December 2024
1,076,052
The directors have taken the view that the development costs being carried from 2019 are no longer separately identifiable. The technology has have been superceded and no longer have a carrying value in the company, therefore have taken the prudent view to revalue to £0.
Xetrov Industries Ltd
Notes to the Accounts
for the year ended 31 December 2025
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2025
72,297
10,816
14,868
14,743
112,724
Disposals
-
(10,816)
(14,868)
(14,743)
(40,427)
Transfer to investment property
(72,297)
-
-
-
(72,297)
At 31 December 2025
-
-
-
-
-
At 1 January 2025
56,436
6,163
13,379
13,871
89,849
On disposals
-
(6,163)
(13,379)
(13,871)
(33,413)
On transfers from investment property
(56,436)
-
-
-
(56,436)
At 31 December 2025
-
-
-
-
-
At 31 December 2025
-
-
-
-
-
At 31 December 2024
15,861
4,653
1,489
872
22,875
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
9,993
21,009
Trade creditors
101,812
2,219
Amounts owed to group undertakings and other participating interests
2,244,732
2,126,441
Loans from directors
4,018
4,017
The amounts owed to group undertakings are due to Xetrov Group Ltd of £2,126,441 (2023 - £1,496,464) and Xetrov Energy Ltd of £Nil (2023 - £690,043).
Xetrov Group Ltd has confirmed that they will continue to support the company and will not demand repayment of the loan in the short term.
Xetrov Industries Ltd
Notes to the Accounts
for the year ended 31 December 2025
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan
(4,017)
-
-
(4,017)
During the year the Company was in receipt of loans from Directors. The balance owed to Directors at the start of they year was £9,168. Further loans were made of £14,885 and repayments were made to the Directors of £9,734 and the balance due to the Directors at the Balance Sheet date totalled £4,017.
9
Transactions with related parties
There were project management recharges of £630,000 from Xetrov Group Ltd (2024 - £116,400) and sales commissions payable to Xetrov Energy Ltd of £220,000 (2024 - Consulting fees charged to Xetrov Energy Ltd of £60,000).
There was £2,244,732 owing to the parent company, Xetrov Group Ltd (2024 - £2,126,441).
The company is a 100% subsidiary of Xetrov Group Ltd, a company registered in England. The registered office of Xetrov Group is 90 Jerymn Street, London, SW1Y 6JD.
11
Average number of employees
During the year the average number of employees was 0 (2024: 1).