REX SYSTEMS LTD

Company Registration Number:
NI641428 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

REX SYSTEMS LTD

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

REX SYSTEMS LTD

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 900,000 900,000
Total fixed assets: 900,000 900,000
Current assets
Cash at bank and in hand: 20,002 531
Total current assets: 20,002 531
Creditors: amounts falling due within one year: 4 (896)
Net current assets (liabilities): 19,106 531
Total assets less current liabilities: 919,106 900,531
Creditors: amounts falling due after more than one year: 5 (450,286) (432,509)
Total net assets (liabilities): 468,820 468,022
Capital and reserves
Called up share capital: 1 1
Revaluation reserve:6124,600124,600
Profit and loss account: 344,219 343,421
Shareholders funds: 468,820 468,022

The notes form part of these financial statements

REX SYSTEMS LTD

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 July 2024
and signed on behalf of the board by:

Name: Mr E Hynes
Status: Director

The notes form part of these financial statements

REX SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

REX SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

REX SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible Assets

Total
Cost £
At 01 November 2022 900,000
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 October 2023 900,000
Depreciation
At 01 November 2022 0
Charge for year 0
On disposals 0
Other adjustments 0
At 31 October 2023 0
Net book value
At 31 October 2023 900,000
At 31 October 2022 900,000

REX SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Creditors: amounts falling due within one year note

Amount owing on Company Credit Card

REX SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due after more than one year note

Amounts owing to the Company Director

REX SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Revaluation reserve

2023
£
Balance at 01 November 2022 124,600
Surplus or deficit after revaluation 0
Balance at 31 October 2023 124,600