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REGISTERED NUMBER: 04813871 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Mnx Security Limited

Mnx Security Limited (Registered number: 04813871)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mnx Security Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mrs D Bennett





SECRETARY:





REGISTERED OFFICE: One Trinity Green
Eldon Street
South Shields
Tyne and Wear
NE33 1SA





REGISTERED NUMBER: 04813871 (England and Wales)





ACCOUNTANTS: Grosvenor Business and Accountancy Services Ltd
Unit 214
South Shields Business Works
Henry Robson Way
South Shields
Tyne and Wear
NE33 1RF

Mnx Security Limited (Registered number: 04813871)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 105,438 59,637

CURRENT ASSETS
Debtors 5 170,186 311,147
Cash at bank and in hand 711,720 411,137
881,906 722,284
CREDITORS
Amounts falling due within one year 6 322,009 337,038
NET CURRENT ASSETS 559,897 385,246
TOTAL ASSETS LESS CURRENT
LIABILITIES

665,335

444,883

CREDITORS
Amounts falling due after more than one
year

7

(43,263

)

(40,000

)

ACCRUALS AND DEFERRED INCOME - (215 )
NET ASSETS 622,072 404,668

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 621,972 404,568
SHAREHOLDERS' FUNDS 622,072 404,668

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Mnx Security Limited (Registered number: 04813871)

Balance Sheet - continued
30 June 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 6 February 2024 and were signed by:





Mrs D Bennett - Director


Mnx Security Limited (Registered number: 04813871)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Mnx Security 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 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.

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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

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

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 6 (2022 - 4 ) .

Mnx Security Limited (Registered number: 04813871)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022 24,455 102,657 127,112
Additions - 77,419 77,419
At 30 June 2023 24,455 180,076 204,531
DEPRECIATION
At 1 July 2022 14,028 53,447 67,475
Charge for year 2,606 29,012 31,618
At 30 June 2023 16,634 82,459 99,093
NET BOOK VALUE
At 30 June 2023 7,821 97,617 105,438
At 30 June 2022 10,427 49,210 59,637

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 147,915 306,089
Other debtors 22,271 5,058
170,186 311,147

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 7,105 2,248
Hire purchase contracts 8,256 -
Trade creditors 30,962 57,753
Taxation and social security 259,981 227,506
Other creditors 15,705 49,531
322,009 337,038

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 29,351 40,000
Hire purchase contracts 13,912 -
43,263 40,000