Company No: 09192030 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	349,700		352,946
		349,700		352,946
Current assets
Debtors	5	1,726,142		1,833,664
Cash at bank and in hand		1,905,603		1,273,569
		3,631,745		3,107,233
Creditors: amounts falling due within one year	6	( 835,767)		( 653,933)
Net current assets		2,795,978		2,453,300
Total assets less current liabilities		3,145,678		2,806,246
Net assets		3,145,678		2,806,246
Capital and reserves
Called-up share capital		3		3
Share premium account		4,910		4,910
Profit and loss account		3,140,765		2,801,333
Total shareholders' funds		3,145,678		2,806,246

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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year 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 financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Xenint Ltd (registered number: 09192030) were approved and authorised for issue by the Board of Directors on 25 September 2026. They were signed on its behalf by:

J P Phelps Director

N M Steed Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Xenint Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Hive, Beaufighter Road, Weston-Super-Mare, BS24 8EE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

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.
Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial
performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right
to consideration by reference to the value of work performed. Revenue not billed to clients is included in "amounts
recoverable on contract".

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, 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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	10 years straight line
Plant and machinery	25 % reducing balance
Fixtures and fittings	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. 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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	24		22

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 January 2025	16,908		16,908
At 31 December 2025	16,908		16,908
Accumulated amortisation
At 01 January 2025	16,908		16,908
At 31 December 2025	16,908		16,908
Net book value
At 31 December 2025	0		0
At 31 December 2024	0		0

4. Tangible assets

	Leasehold improve- ments		Plant and machinery		Fixtures and fittings		Total
	£		£		£		£
Cost
At 01 January 2025	18,410		209,704		450,144		678,258
Additions	0		30,676		65,696		96,372
At 31 December 2025	18,410		240,380		515,840		774,630
Accumulated depreciation
At 01 January 2025	5,080		97,892		222,340		325,312
Charge for the financial year	1,841		32,245		65,532		99,618
At 31 December 2025	6,921		130,137		287,872		424,930
Net book value
At 31 December 2025	11,489		110,243		227,968		349,700
At 31 December 2024	13,330		111,812		227,804		352,946

5. Debtors

	2025		2024
	£		£
Trade debtors	996,796		1,262,875
Amounts recoverable on contracts	437,879		189,807
Prepayments	67,901		76,598
Other debtors	223,566		304,384
	1,726,142		1,833,664

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	306,739		232,398
Accruals and deferred income	264,194		79,958
Other taxation and social security	238,608		301,820
Other creditors	26,226		39,757
	835,767		653,933

7. Events after the Balance Sheet date

After the year end, on 31 January 2026, the company repurchased 14% of the issued share capital from a shareholder. As the company was not obligated to complete this transaction at the balance-sheet date, it is treated as a non-adjusting post-balance-sheet event. The adjustment that will be made to the financial statements for the year ended 31 December 2026 will be to reduce share capital by £433, reduce the profit and loss reserve by £599,012 and create a capital redemption reserve of £598,579.