Xeretec Group Limited in Wokingham, RG41 2FD

Description

Data updated on: 01-11-2023

2016 is the date that marks the founding of Xeretec Group Limited, the firm located at Ashridge House, Oaklands Park in Wokingham. This means it's been 8 years Xeretec Group has prospered in the UK, as it was registered on 2016-07-04. The registration number is 10261433 and its zip code is RG41 2FD. The official name change from Oval (2296) to Xeretec Group Limited came on 2016-07-27. The company's SIC and NACE codes are 70100 meaning Activities of head offices. 2022-08-31 is the last time account status updates were reported.

Clifford B. and Steven H. are listed as firm's directors and have been managing the firm since 2020. Additionally, the director's duties are often helped with by a secretary - Shaun M., who was appointed by this company in 2019.

Steven H. is the individual who has control over this firm, owns over 3/4 of company shares and has 3/4 to full of voting rights.

Previous company's names
Xeretec Group Limited 2016-07-27
Oval (2296) Limited 2016-07-04

Financial data based on annual reports

Profit & Loss
Date of Accounts	2019-08-31	2020-08-31	2021-08-31
Currency

Balance Sheet
Cash Bank On Hand	2 004 051	4 830 545	3 739 487
Current Assets	2 942 018	9 258 465	9 096 333
Debtors	937 967	4 427 920	5 356 846
Net Assets Liabilities	4 249 605	3 733 323	4 800 614
Other Debtors		4 387 920	5 058 686
Total Inventories		3 589 650	2 078 047

Other Financial Data
Accrued Liabilities Deferred Income	9 064	2 278 599	1 829 435
Accumulated Amortisation Impairment Intangible Assets	16 240	4 052 783	405 989
Accumulated Depreciation Impairment Property Plant Equipment		1 251 947	1 588 243
Additions Other Than Through Business Combinations Property Plant Equipment			195 310
Administrative Expenses		16 808 158	12 924 352
Amortisation Expense Intangible Assets		830 932	394 899
Amounts Owed To Group Undertakings		151 456
Average Number Employees During Period	2	2
Bank Borrowings	9 000 000	15 000 000	15 000 000
Bank Borrowings Overdrafts	9 000 000	16 355 291	15 000 000
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment		24 233
Cash Cash Equivalents	6 767 753	9 646 705	13 046 170
Comprehensive Income Expense		1 543 581	2 234 316
Corporation Tax Payable	359 201	388 560	347 469
Corporation Tax Recoverable		81 500	181 015
Cost Sales		38 129 641	27 831 977
Creditors	11 837 092	20 298 597	16 986 791
Current Tax For Period		515 978	607 878
Deferred Tax Asset Debtors		129 752	110 221
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences			112 745
Depreciation Expense Property Plant Equipment		465 052	474 477
Distribution Costs		-427
Dividends Paid Classified As Financing Activities	-1 400 572	-234 048	-883 002
Finished Goods Goods For Resale		3 589 650	2 078 047
Fixed Assets	13 900 058	16 702 516	16 099 434
Foreign Exchange Differences Increase Decrease In Depreciation Impairment Property Plant Equipment			-7 009
Further Item Creditors Component Total Creditors	2 837 092	3 943 306	1 047 307
Further Item Tax Increase Decrease Component Adjusting Items		1 628
Gain Loss Due To Foreign Exchange Differences Before Tax In Other Comprehensive Income		287	-1 324
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss		-10 331	-58 672
Gain Loss On Disposals Property Plant Equipment		-7 907
Gain Loss On Revaluation Property Plant Equipment Before Tax In Other Comprehensive Income			234 491
Government Grant Income		1 470 687	1 610 769
Impairment Loss Reversal On Investments		-85 402	140 669
Increase Decrease From Foreign Exchange Differences Property Plant Equipment			-7 152
Increase Decrease In Cash Cash Equivalents From Foreign Exchange Differences		4 474
Increase Decrease In Current Tax From Adjustment For Prior Periods		-81 038	-19 243
Increase From Amortisation Charge For Year Intangible Assets		194 875	194 875
Increase From Depreciation Charge For Year Property Plant Equipment			343 305
Intangible Assets	587 954	393 079	198 205
Intangible Assets Gross Cost	604 194	6 813 958	6 378 749
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings		315 845	326 995
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts		783 529	581 485
Interest Income On Bank Deposits		9 724	22 591
Interest Payable Similar Charges Finance Costs		316 032	326 995
Interest Received Classified As Investing Activities		-9 724
Investments Fixed Assets	13 312 104	16 309 437	15 901 229
Investments In Subsidiaries	13 312 104	16 309 437	15 901 229
Net Current Assets Liabilities	2 186 639	7 329 404	5 687 971
Net Finance Income Costs		9 724	23 318
Net Interest Paid Received Classified As Operating Activities		-316 032	-326 995
Other Creditors	243 786	551 626	3 815 215
Other Disposals Intangible Assets			435 209
Other Interest Receivable Similar Income Finance Income		9 724	23 318
Other Remaining Borrowings	37 223	1 819 885	1 438 655
Pension Other Post-employment Benefit Costs Other Pension Costs	1 760	764 820	621 834
Percentage Class Share Held In Subsidiary		99	99
Prepayments Accrued Income		1 467 473	1 254 263
Profit Loss	5 794 689	3 597 985	1 950 293
Property Plant Equipment Gross Cost		2 120 157	2 308 315
Redemption Shares Decrease In Equity		3 880 219
Revaluations Increase Decrease In Depreciation Impairment Property Plant Equipment			-26 169
Social Security Costs		1 174 828	962 490
Staff Costs Employee Benefits Expense	1 760	11 576 796	9 541 435
Tax Increase Decrease From Effect Capital Allowances Depreciation		83 059
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss		59 168
Tax Increase Decrease From Effect Foreign Tax Rates		-3 741
Tax Tax Credit On Profit Or Loss On Ordinary Activities		434 940	701 380
Total Assets Less Current Liabilities	16 086 697	24 031 920	21 787 405
Total Borrowings		464 594	507 297
Total Current Tax Expense Credit		434 940	588 635
Total Increase Decrease From Revaluations Property Plant Equipment			234 491
Trade Creditors Trade Payables		15 733	3 821 190
Trade Debtors Trade Receivables		7 799 111	4 951 635
Turnover Revenue		55 665 825	42 292 435
Voting Power In Subsidiary If Different From Ownership Interest Percent		99	99
Wages Salaries		9 637 148	7 957 111

Company staff

Clifford B.

Role: Director

Appointed: 10 March 2020

Latest update: 17 March 2024

Shaun M.

Role: Secretary

Appointed: 11 November 2019

Latest update: 17 March 2024

Steven H.

Role: Director

Appointed: 04 July 2016

Latest update: 17 March 2024

People with significant control

Steven H.

Notified on 4 July 2016

Nature of control:

over 3/4 of shares

3/4 to full of voting rights

right to manage directors

Steven H.

Notified on 4 July 2016

Ceased on 10 March 2020

Nature of control:

over 1/2 to 3/4 of shares

over 1/2 to 3/4 of voting rights

Accounts Documents

Account next due date	31 May 2024
Account last made up date	31 August 2022
Confirmation statement next due date	20 October 2024
Confirmation statement last made up date	06 October 2023

Annual Accounts
Start Date For Period Covered By Report	2019-09-01
End Date For Period Covered By Report	2020-08-31
Annual Accounts
Start Date For Period Covered By Report	2020-09-01
End Date For Period Covered By Report	2021-08-31

Xeretec Group Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Clifford B.

Shaun M.

Steven H.

Alyn J.

Alyn J.

People with significant control

Steven H.

Steven H.

Accounts Documents

Company filings

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