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REGISTERED NUMBER: 03695435 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2023

for

T-MEX Limited

T-MEX Limited (Registered number: 03695435)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T-MEX Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: Mr N A Bawden





REGISTERED OFFICE: Sterling House
7 Ashford Road
Maidstone
Kent
ME14 5BJ





REGISTERED NUMBER: 03695435 (England and Wales)





ACCOUNTANTS: Berry & Company
Chartered Accountants
Sterling House
7 Ashford Road
Maidstone
Kent
ME14 5BJ

T-MEX Limited (Registered number: 03695435)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,362 23,438

CURRENT ASSETS
Stocks 699,131 710,131
Debtors 5 424,135 318,686
Cash at bank 4,155 227
1,127,421 1,029,044
CREDITORS
Amounts falling due within one year 6 623,659 514,372
NET CURRENT ASSETS 503,762 514,672
TOTAL ASSETS LESS CURRENT
LIABILITIES

522,124

538,110

CREDITORS
Amounts falling due after more than one
year

7

28,000

40,000
NET ASSETS 494,124 498,110

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 494,122 498,108
SHAREHOLDERS' FUNDS 494,124 498,110

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

T-MEX Limited (Registered number: 03695435)

Balance Sheet - continued
31 January 2023


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 director and authorised for issue on 25 October 2023 and were signed by:





Mr N A Bawden - Director


T-MEX Limited (Registered number: 03695435)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

T-MEX 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
Turnover represents the fair value of consideration received or receivable derived from the rendering of services to customers and provision of goods to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

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 etc - 33% on cost, 25% on reducing balance, 15% on reducing balance and 10% on cost

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

Financial instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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.

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.

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

T-MEX Limited (Registered number: 03695435)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 302,451
Additions 302
At 31 January 2023 302,753
DEPRECIATION
At 1 February 2022 279,013
Charge for year 5,378
At 31 January 2023 284,391
NET BOOK VALUE
At 31 January 2023 18,362
At 31 January 2022 23,438

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 33,778
DEPRECIATION
At 1 February 2022 26,126
Charge for year 2,180
At 31 January 2023 28,306
NET BOOK VALUE
At 31 January 2023 5,472
At 31 January 2022 7,652

T-MEX Limited (Registered number: 03695435)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 218,771 170,041
Other debtors 205,364 148,645
424,135 318,686

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 56,380 58,318
Trade creditors 140,867 166,985
Taxation and social security 43,721 32,008
Other creditors 382,691 257,061
623,659 514,372

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 28,000 40,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 4,000

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 36,000 36,000

9. SECURED DEBTS

The bank loan and overdraft facility is secured by HSBC Bank PLC who hold a fixed and floating charge over all assets and undertakings of the company by way of debenture.

10. RELATED PARTY DISCLOSURES

Included within other debtors is an intercompany loan for the sum of £143,825 (2022: £135,629) with T-Mex Express Ltd, company number 13173129 (England and Wales),a company which is owned and controlled by Mr M A Bawden, the director's son.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr N A Bawden.