Company Registration No. 06231373 (England and Wales)
MEXL EXPRESS LIMITED
Unaudited accounts
for the period from 1 October 2022 to 31 March 2023
MEXL EXPRESS LIMITED
Unaudited accounts
Contents
MEXL EXPRESS LIMITED
Company Information
for the period from 1 October 2022 to 31 March 2023
Company Number
06231373 (England and Wales)
Registered Office
The Registered Office
108 Belgrave Gate
Leicester
LE1 3GR
Accountants
Taxsolvers
108 Belgrave Gate
Leicester
Leicestershire
LE1 3GR
MEXL EXPRESS LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
1,216,415
1,177,464
Cash at bank and in hand
43,330
37,059
Creditors: amounts falling due within one year
(395,964)
(372,492)
Net current liabilities
(308,201)
(269,664)
Total assets less current liabilities
908,214
907,800
Creditors: amounts falling due after more than one year
(298,970)
(313,442)
Net assets
609,244
594,358
Called up share capital
20,375
20,375
Share premium
40,000
40,000
Revaluation reserve
135,746
135,746
Profit and loss account
413,123
398,237
Shareholders' funds
609,244
594,358
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 December 2023 and were signed on its behalf by
Osama Salah
Director
Company Registration No. 06231373
MEXL EXPRESS LIMITED
Notes to the Accounts
for the period from 1 October 2022 to 31 March 2023
MEXL EXPRESS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06231373. The registered office is The Registered Office, 108 Belgrave Gate, Leicester, LE1 3GR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation pollicy
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 October 2022
1,107,667
39,634
187,886
29,548
12,825
1,377,560
Additions
39,800
-
-
9,000
-
48,800
At 31 March 2023
1,147,467
39,634
187,886
38,548
12,825
1,426,360
At 1 October 2022
-
32,258
140,756
19,875
7,207
200,096
Charge for the period
-
922
5,891
2,334
702
9,849
At 31 March 2023
-
33,180
146,647
22,209
7,909
209,945
At 31 March 2023
1,147,467
6,454
41,239
16,339
4,916
1,216,415
At 30 September 2022
1,107,667
7,376
47,130
9,673
5,618
1,177,464
MEXL EXPRESS LIMITED
Notes to the Accounts
for the period from 1 October 2022 to 31 March 2023
Amounts falling due within one year
Trade debtors
29,522
61,269
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
318,563
316,219
Taxes and social security
70,236
63,769
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
298,970
313,442
8
Average number of employees
During the period the average number of employees was 13 (2022: 12).