Company Overview
Xs Trade Assets Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Wednesday 09 June 2004, so this is a well established company. Xs Trade Assets Limited has been in business for 21 years and 9 months. The accounts status is total exemption full and the accounts are next due on Thursday 29 February 2024.
Registered Address

14 Newton Place, C/O Gallone & Co, Glasgow, G3 7PY
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Companies House Data
Company NameXS TRADE ASSETS LIMITED
Company NumberSC269017
Registered Office Address14 Newton Place
 C/O Gallone & Co
 G3 7PY
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date09/06/2004
Accounting Reference Date Day31
Accounting Reference Date Month5
Accounts Next Due Date29/02/2024
Accounts Last Made Up Date31/05/2022
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date07/07/2017
Returns Last Made Up Date09/06/2016
Previous Company NameChanged Date
MOUNTAIN SPORTS LIMITED05 Jul 2023
Directors & Members
Show Resigned
Gordon Fraser - Director
(British, 63 years old, born January 1963)
Appointed 01 February 2022
 Active
Secretaries
Show Resigned
Other Company Directorships
Gordon Fraser
ANATOM BRANDS LIMITED
FOOT LOGIC LIMITED
PTARMIGAN FAMCO LIMITED
SNOWSPORT INDUSTRIES (GB) LTD.
SNOWSPORT SCOTLAND LIMITED
SPREAD GOOD VIBES LIMITED
TEKO PP LIMITED
XS COMMERCIAL ASSETS LTD
Balance Sheet Unlock full report
Accounts Date 31-May-2022 31-May-2021 31-May-2020
Balance Sheet
Fixed Assets 0 815 1,500
Current Assets 35,340 99,579 90,702
Creditors Due Within One Year 6,820 27,277 24,496
Working Cap 28,520 72,302 66,206
Total Assets Less Current Liabilities 28,520 73,117 67,706
Long-term Liabilities 28,420 73,017 67,606
Net Assets 100 100 100
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 100 100 100
Common Size Financial Analysis Unlock full report
Accounts Date 31-May-2022 31-May-2021 31-May-2020
Tangible Fixed Assets - - -
Fixed Assets 0.0% 0.8% 1.6%
Stocks Inventory - - -
Debtors 26.7% 10.4% 10.1%
Cash Bank In Hand 73.3% 59.2% 67.5%
Current Assets 100.0% 99.2% 98.4%
Creditors Due Within One Year 19.3% 27.2% 26.6%
Net Current Assets Liabilities 80.7% 72.0% 71.8%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 0.3% 0.1% 0.1%
Capital Employed - - -
Total Assets Less Current Liabilities 80.7% 72.8% 73.4%
Financial Ratio Analysis Unlock full report
Accounts Date 31-May-2022 31-May-2021 31-May-2020
Liquidity Ratio 5.2 3.7 3.7
Solvency Ratio 1.0 1.0 1.0
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-May-2022 31-May-2021 31-May-2020
Assets 35,340 100,394 92,202
Debt 35,240 100,294 92,102
Net Assets/Debt 100 100 100
The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

Unlock full report  The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.   The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Voluntary strike-off action has been suspended
First Gazette notice for voluntary strike-off
Application to strike the company off the register
Certificate of change of name
Termination of appointment of Tinker Fraser as a director on 24 June 2023
Termination of appointment of Tinker Caroline Susan Fraser as a secretary on 24 June 2023
Confirmation statement made on 23 June 2023 with no updates
Previous accounting period shortened from 30 September 2022 to 31 May 2022
Confirmation statement made on 23 June 2022 with no updates
Appointment of Mr Gordon Fraser as a director on 1 February 2022
Confirmation statement made on 23 June 2021 with no updates
Confirmation statement made on 23 June 2020 with no updates
Confirmation statement made on 23 June 2019 with updates
Registered office address changed from C/O Griffiths Wilcock & Co. 24 Sandyford Place Glasgow G3 7NG Scotland to 14 Newton Place C/O Gallone & Co Glasgow G3 7PY on 11 June 2019
Confirmation statement made on 23 June 2018 with updates
Termination of appointment of Gordon Fraser as a director on 1 July 2017
Confirmation statement made on 23 June 2017 with updates
Registered office address changed from C/O Griffiths Wilcock & Co. 24 Sandyford Place Glasgow G3 7NG Scotland to C/O Griffiths Wilcock & Co. 24 Sandyford Place Glasgow G3 7NG on 23 June 2017
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