XLHW LIMITED - Accounts

XLHW LIMITED - Accounts

XLHW LIMITED - Company Information

Print Friendly Version

2019-01-01 2019-12-31 false Capium Accounts Production 1.1 10336070 bus:AbridgedAccounts 2019-01-01 2019-12-31 10336070 bus:FRS102 2019-01-01 2019-12-31 10336070 bus:AuditExemptWithAccountantsReport 2019-01-01 2019-12-31 10336070 bus:SmallCompaniesRegimeForAccounts 2019-01-01 2019-12-31 10336070 bus:PrivateLimitedCompanyLtd 2019-01-01 2019-12-31 10336070 2019-01-01 2019-12-31 10336070 2019-12-31 10336070 bus:RegisteredOffice 2019-01-01 2019-12-31 10336070 core:WithinOneYear 2019-12-31 10336070 core:AfterOneYear 2019-12-31 10336070 bus:Director1 2019-01-01 2019-12-31 10336070 bus:Director1 2019-12-31 10336070 bus:Director1 2018-01-01 2018-12-31 10336070 bus:Director2 2019-01-01 2019-12-31 10336070 bus:Director2 2019-12-31 10336070 bus:Director2 2018-01-01 2018-12-31 10336070 2018-01-01 10336070 bus:CompanySecretary1 2019-01-01 2019-12-31 10336070 bus:LeadAgentIfApplicable 2019-01-01 2019-12-31 10336070 2018-01-01 2018-12-31 10336070 2018-12-31 10336070 core:WithinOneYear 2018-12-31 10336070 core:AfterOneYear 2018-12-31 10336070 bus:EntityAccountantsOrAuditors 2018-01-01 2018-12-31 10336070 bus:OrdinaryShareClass1 2019-01-01 2019-12-31 10336070 bus:OrdinaryShareClass1 2019-12-31 10336070 bus:OrdinaryShareClass1 2018-01-01 2018-12-31 10336070 bus:OrdinaryShareClass1 2018-12-31 10336070 core:MotorCars 2019-01-01 2019-12-31 10336070 core:MotorCars 2019-12-31 10336070 core:MotorCars 2018-12-31 10336070 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2019-12-31 10336070 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2018-12-31 10336070 core:CostValuation core:Non-currentFinancialInstruments 2019-12-31 10336070 core:CostValuation core:Non-currentFinancialInstruments 2018-12-31 10336070 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2019-12-31 10336070 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2019-12-31 10336070 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2019-12-31 10336070 core:Non-currentFinancialInstruments 2019-12-31 10336070 core:Non-currentFinancialInstruments 2018-12-31 10336070 core:ShareCapital 2019-12-31 10336070 core:ShareCapital 2018-12-31 10336070 core:RetainedEarningsAccumulatedLosses 2019-12-31 10336070 core:RetainedEarningsAccumulatedLosses 2018-12-31 10336070 dpl:Item1 2019-01-01 10336070 dpl:Item1 2019-12-31 10336070 dpl:Item1 2018-01-01 10336070 dpl:Item1 2018-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 10336070
England and Wales

 

 

 

XLHW LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 January 2019

End date: 31 December 2019

XLHW LIMITED
Contents Page
For the year ended 31 December 2019
Accountants report
You consider that the company is exempt from an audit for the year ended 31 December 2019. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
aa Chartered Accountants
31 December 2019



....................................................
aa Chartered Accountants
6 Blenheim Court
Peppercorn Close
Peterborough
PE1 2DU
25 March 2021
1
 
 		 Notes
 		 2019
£		   2018
£
Current assets      
Stocks 0    4,489,896 
Debtors 157,362    1,674,772 
Cash at bank and in hand 11,317    119,232 
168,679    6,283,900 
Creditors: amount falling due within one year (798,517)   (6,696,638)
Net current liabilities (629,838)   (412,738)
 
Total assets less current liabilities (629,838)   (412,738)
Creditors: amount falling due after more than one year (150,000)   0 
Net liabilities (779,838)   (412,738)
 

Capital and reserves 		     
Called up share capital 3 1    1 
Profit and loss account (779,839)   (412,739)
Shareholders funds (779,838)   (412,738)
 


For the year ended 31 December 2019 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 25 March 2021 and were signed on its behalf by:


--------------------------------
Martin Walker
Director
2
General Information
XLHW LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10336070, registration address Bozon Hall, Wash road, Kirton, Boston, Lincs, PE20 1QJ.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Change in accounting policy
The directors felt that it was prudent to take advantage of the rulings for FRS102 (1A) and have adopted a change in reporting standard from FRS102.

The directors felt that it was prudent to change there internal accounting policy for the treatment of cars from that of holding in stock to holding in fixed assets for the purpose of hire. They are subsequently sold when the assets need to be replenished.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Tangible fixed assets

Cost or valuation Motor Vehicles   Total
  £   £
At 01 January 2019 -    - 
Additions 4,489,896    4,489,896 
Disposals (4,489,896)   (4,489,896)
At 31 December 2019 -    - 
Depreciation
At 01 January 2019 -    - 
Charge for year -    - 
On disposals -    - 
At 31 December 2019 -    - 
Net book values
Closing balance as at 31 December 2019 -    - 
Opening balance as at 01 January 2019 -    - 


3.

Share Capital

Allotted, called up and fully paid
2019
£		   2018
£
1 Class A share of £1.00 each 1    1 
1    1 

4.

Average number of employees

The only employees of the company are the directors who receive no remuneration  in respect of their directorship.
Average number of employees during the year was 3 (2018 : 3)
3