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REGISTERED NUMBER: 02459653 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 April 2017

for

XL Engineering Holdings Limited
XL Engineering Holdings Limited (Registered number: 02459653)






Contents of the Financial Statements
for the Year Ended 30 April 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

XL Engineering Holdings Limited

Company Information
for the Year Ended 30 April 2017







DIRECTORS: D Frost
J Banks
K Harrop





SECRETARY: K Harrop





REGISTERED OFFICE: The Glades
Festival Way
Festival Park
Stoke on Trent
ST1 5SQ





REGISTERED NUMBER: 02459653 (England and Wales)





XL Engineering Holdings Limited (Registered number: 02459653)

Balance Sheet
30 April 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 570,655 583,340
Investments 5 200 200
570,855 583,540

CURRENT ASSETS
Debtors 6 1,069,157 827,136
Cash at bank 259,121 494,273
1,328,278 1,321,409
CREDITORS
Amounts falling due within one year 7 478,394 468,824
NET CURRENT ASSETS 849,884 852,585
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,420,739

1,436,125

CREDITORS
Amounts falling due after more than
one year

8

(23,927

)

(63,086

)

PROVISIONS FOR LIABILITIES (97,000 ) (96,000 )
NET ASSETS 1,299,812 1,277,039

CAPITAL AND RESERVES
Called up share capital 60 60
Retained earnings 1,299,752 1,276,979
SHAREHOLDERS' FUNDS 1,299,812 1,277,039

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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.
XL Engineering Holdings Limited (Registered number: 02459653)

Balance Sheet - continued
30 April 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 30 June 2017 and were signed on its
behalf by:




K Harrop - Director D Frost - Director




J Banks - Director

XL Engineering Holdings Limited (Registered number: 02459653)

Notes to the Financial Statements
for the Year Ended 30 April 2017

1. STATUTORY INFORMATION

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

The financial statements have been prepared on the assumption that the company is able to carry
on business as a going concern, which the directors consider appropriate having regard to the
company's current and expected performance.

Preparation of consolidated financial statements
The financial statements contain information about XL Engineering Holdings Limited as an individual
company and do not contain consolidated financial information as the parent of a group. The
company has taken the option under Section 398 of the Companies Act 2006 not to prepare
consolidated financial statements.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year 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.

XL Engineering Holdings Limited (Registered number: 02459653)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2017

2. ACCOUNTING POLICIES - continued
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 year 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those
held under finance leases are depreciated over their estimated useful lives or the lease term,
whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The
capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2016 924,582 11,319 5,850 66,709 1,008,460
Additions 39,774 - - 12,851 52,625
Disposals - (11,319 ) (5,850 ) (29,980 ) (47,149 )
At 30 April 2017 964,356 - - 49,580 1,013,936
DEPRECIATION
At 1 May 2016 350,019 10,100 5,797 59,204 425,120
Charge for year 58,698 - - 5,263 63,961
Eliminated on disposal - (10,100 ) (5,797 ) (29,903 ) (45,800 )
At 30 April 2017 408,717 - - 34,564 443,281
NET BOOK VALUE
At 30 April 2017 555,639 - - 15,016 570,655
At 30 April 2016 574,563 1,219 53 7,505 583,340
XL Engineering Holdings Limited (Registered number: 02459653)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2017

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 May 2016 631,300
Transfer to ownership (425,500 )
At 30 April 2017 205,800
DEPRECIATION
At 1 May 2016 193,576
Charge for year 15,846
Transfer to ownership (146,244 )
At 30 April 2017 63,178
NET BOOK VALUE
At 30 April 2017 142,622
At 30 April 2016 437,724

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2016
and 30 April 2017 200
NET BOOK VALUE
At 30 April 2017 200
At 30 April 2016 200

6. DEBTORS
2017 2016
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 591,557 390,854
Other debtors 77,600 36,282
669,157 427,136
XL Engineering Holdings Limited (Registered number: 02459653)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2017

6. DEBTORS - continued
2017 2016
£    £   
Amounts falling due after more than one year:
Amounts owed by group undertakings 400,000 400,000

Aggregate amounts 1,069,157 827,136

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Hire purchase contracts 39,084 115,674
Taxation and social security 198,246 178,176
Other creditors 241,064 174,974
478,394 468,824

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2017 2016
£    £   
Hire purchase contracts 23,927 63,086

9. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Hire purchase contracts 63,011 178,760

Hire purchase contracts are secured against the assets to which they relate.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £441,300 (2016 - £378,000) were paid to the directors .

Included within other creditors are balances due to the directors of £212,934 (2016 - £146,845)

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