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REGISTERED NUMBER: 01859293 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Contimex Company Limited

Contimex Company Limited (Registered number: 01859293)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Contimex Company Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr M Xenakis





REGISTERED OFFICE: Centaur House
4 Tolworth Close
Surbiton
Surrey
KT6 7EW





REGISTERED NUMBER: 01859293 (England and Wales)





ACCOUNTANTS: Ency Associates
Chartered Certified Accountants
Printware Court
Cumberland Business Centre
Northumberland Road
Portsmouth
Hampshire
PO5 1DS

Contimex Company Limited (Registered number: 01859293)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 529 1,011
529 1,011

CURRENT ASSETS
Stocks 204,398 204,323
Debtors 6 66,026 110,014
Cash at bank and in hand 60,877 67,025
331,301 381,362
CREDITORS
Amounts falling due within one year 7 574,824 582,916
NET CURRENT LIABILITIES (243,523 ) (201,554 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(242,994

)

(200,543

)

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings (292,994 ) (250,543 )
SHAREHOLDERS' FUNDS (242,994 ) (200,543 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Contimex Company Limited (Registered number: 01859293)

Balance Sheet - continued
31 March 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 22 November 2023 and were signed by:





Mr M Xenakis - Director


Contimex Company Limited (Registered number: 01859293)

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

1. STATUTORY INFORMATION

Contimex Company 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
The financial statements have been prepared on the going concern basis. The director has loans to the company totalling £495,780 at the year end and as the director has committed to support the company, this amount will not be withdrawn during the next twelve months, following the date of approval of the financial statements, unless the company is in the financial position to do so, having first covered all liabilities as they fall due.

The director has considered a period of at least twelve months from the date of his report and taking into account the actions above and the trading results since the year end believe that the company will be able to continue to meet its debts as they fall due.

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 2017, is being amortised evenly over its estimated useful life of five 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 & machinery - 20% on cost
Computer equipment - 33% 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Contimex Company Limited (Registered number: 01859293)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 25,510
AMORTISATION
At 1 April 2022
and 31 March 2023 25,510
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant & Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 44,065 23,541 67,606
DEPRECIATION
At 1 April 2022 43,866 22,729 66,595
Charge for year 76 406 482
At 31 March 2023 43,942 23,135 67,077
NET BOOK VALUE
At 31 March 2023 123 406 529
At 31 March 2022 199 812 1,011

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 51,643 74,059
Other debtors 14,383 35,955
66,026 110,014

Contimex Company Limited (Registered number: 01859293)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 59,807 41,258
Taxation and social security 5,362 6,570
Other creditors 509,655 535,088
574,824 582,916

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Xenakis.