Xeric Enterprises Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 06865199 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2021 to 30 September 2022

for

Xeric Enterprises Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Maudsley

Mrs J E Maudsley

SECRETARY:

S Maudsley

REGISTERED OFFICE:

Unit 9

Parkwood Business Park

Parkwood Road

Sheffield

Yorkshire

S3 8AL

REGISTERED NUMBER:

06865199 (England and Wales)

ACCOUNTANTS:

Geoff Cowley & Co Ltd

Willow Park

Upton Lane

Stoke Golding

Nuneaton

Warwickshire

CV13 6EU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

-

664

-

664

CURRENT ASSETS

Stocks

-

27,553

Debtors

6

7,578

116,107

Cash at bank

15,612

19,582

23,190

163,242

CREDITORS

Amounts falling due within one year

7

20,893

76,641

NET CURRENT ASSETS

2,297

86,601

TOTAL ASSETS LESS CURRENT LIABILITIES

2,297

87,265

CREDITORS

Amounts falling due after more than one year

8

-

50,000

NET ASSETS

2,297

37,265

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,197

37,165

2,297

37,265

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2022 and were signed on its behalf by:

S Maudsley - Director

1.	STATUTORY INFORMATION

Xeric Enterprises Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2021 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2021

and 30 September 2022

110,710

AMORTISATION

At 1 April 2021

and 30 September 2022

110,710

NET BOOK VALUE

At 30 September 2022

-

At 31 March 2021

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2021

3,089

Disposals

(3,089

)

At 30 September 2022

-

DEPRECIATION

At 1 April 2021

2,425

Eliminated on disposal

(2,425

)

At 30 September 2022

-

NET BOOK VALUE

At 30 September 2022

-

At 31 March 2021

664

6.

DEBTORS

30.9.22

31.3.21

£

£

Amounts falling due within one year:

Trade debtors

-

101,066

Other debtors

-

9,587

-

110,653

Amounts falling due after more than one year:

Amounts owed by group undertakings

7,578

5,454

Aggregate amounts

7,578

116,107

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.22

31.3.21

£

£

Trade creditors

35

43,231

Taxation and social security

7,912

17,879

Other creditors

12,946

15,531

20,893

76,641

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.22

31.3.21

£

£

Bank loans

-

50,000