2022-11-012023-10-312023-10-31false13692611MTEX SERVICES LTD2024-07-2643220iso4217:GBPxbrli:pure136926112022-11-01136926112023-10-31136926112022-11-012023-10-31136926112021-10-20136926112022-10-31136926112021-10-202022-10-3113692611bus:SmallEntities2022-11-012023-10-3113692611bus:AuditExempt-NoAccountantsReport2022-11-012023-10-3113692611bus:FullAccounts2022-11-012023-10-3113692611bus:PrivateLimitedCompanyLtd2022-11-012023-10-3113692611core:WithinOneYear2023-10-3113692611core:AfterOneYear2023-10-3113692611core:WithinOneYear2022-10-3113692611core:AfterOneYear2022-10-3113692611core:ShareCapital2023-10-3113692611core:SharePremium2023-10-3113692611core:RevaluationReserve2023-10-3113692611core:OtherReservesSubtotal2023-10-3113692611core:RetainedEarningsAccumulatedLosses2023-10-3113692611core:ShareCapital2022-10-3113692611core:SharePremium2022-10-3113692611core:RevaluationReserve2022-10-3113692611core:OtherReservesSubtotal2022-10-3113692611core:RetainedEarningsAccumulatedLosses2022-10-3113692611core:LandBuildings2023-10-3113692611core:PlantMachinery2023-10-3113692611core:Vehicles2023-10-3113692611core:FurnitureFittings2023-10-3113692611core:OfficeEquipment2023-10-3113692611core:NetGoodwill2023-10-3113692611core:IntangibleAssetsOtherThanGoodwill2023-10-3113692611core:ListedExchangeTraded2023-10-3113692611core:UnlistedNon-exchangeTraded2023-10-3113692611core:LandBuildings2022-10-3113692611core:PlantMachinery2022-10-3113692611core:Vehicles2022-10-3113692611core:FurnitureFittings2022-10-3113692611core:OfficeEquipment2022-10-3113692611core:NetGoodwill2022-10-3113692611core:IntangibleAssetsOtherThanGoodwill2022-10-3113692611core:ListedExchangeTraded2022-10-3113692611core:UnlistedNon-exchangeTraded2022-10-3113692611core:LandBuildings2022-11-012023-10-3113692611core:PlantMachinery2022-11-012023-10-3113692611core:Vehicles2022-11-012023-10-3113692611core:FurnitureFittings2022-11-012023-10-3113692611core:OfficeEquipment2022-11-012023-10-3113692611core:NetGoodwill2022-11-012023-10-3113692611core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3113692611core:ListedExchangeTraded2022-11-012023-10-3113692611core:UnlistedNon-exchangeTraded2022-11-012023-10-3113692611core:MoreThanFiveYears2022-11-012023-10-3113692611core:Non-currentFinancialInstruments2023-10-3113692611core:Non-currentFinancialInstruments2022-10-3113692611dpl:CostSales2022-11-012023-10-3113692611dpl:DistributionCosts2022-11-012023-10-3113692611core:LandBuildings2022-11-012023-10-3113692611core:PlantMachinery2022-11-012023-10-3113692611core:Vehicles2022-11-012023-10-3113692611core:FurnitureFittings2022-11-012023-10-3113692611core:OfficeEquipment2022-11-012023-10-3113692611dpl:AdministrativeExpenses2022-11-012023-10-3113692611core:NetGoodwill2022-11-012023-10-3113692611core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3113692611dpl:GroupUndertakings2022-11-012023-10-3113692611dpl:ParticipatingInterests2022-11-012023-10-3113692611dpl:GroupUndertakingscore:ListedExchangeTraded2022-11-012023-10-3113692611core:ListedExchangeTraded2022-11-012023-10-3113692611dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-11-012023-10-3113692611core:UnlistedNon-exchangeTraded2022-11-012023-10-3113692611dpl:CostSales2021-10-202022-10-3113692611dpl:DistributionCosts2021-10-202022-10-3113692611core:LandBuildings2021-10-202022-10-3113692611core:PlantMachinery2021-10-202022-10-3113692611core:Vehicles2021-10-202022-10-3113692611core:FurnitureFittings2021-10-202022-10-3113692611core:OfficeEquipment2021-10-202022-10-3113692611dpl:AdministrativeExpenses2021-10-202022-10-3113692611core:NetGoodwill2021-10-202022-10-3113692611core:IntangibleAssetsOtherThanGoodwill2021-10-202022-10-3113692611dpl:GroupUndertakings2021-10-202022-10-3113692611dpl:ParticipatingInterests2021-10-202022-10-3113692611dpl:GroupUndertakingscore:ListedExchangeTraded2021-10-202022-10-3113692611core:ListedExchangeTraded2021-10-202022-10-3113692611dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-10-202022-10-3113692611core:UnlistedNon-exchangeTraded2021-10-202022-10-3113692611core:NetGoodwill2023-10-3113692611core:IntangibleAssetsOtherThanGoodwill2023-10-3113692611core:LandBuildings2023-10-3113692611core:PlantMachinery2023-10-3113692611core:Vehicles2023-10-3113692611core:FurnitureFittings2023-10-3113692611core:OfficeEquipment2023-10-3113692611core:AfterOneYear2023-10-3113692611core:WithinOneYear2023-10-3113692611core:ListedExchangeTraded2023-10-3113692611core:UnlistedNon-exchangeTraded2023-10-3113692611core:ShareCapital2023-10-3113692611core:SharePremium2023-10-3113692611core:RevaluationReserve2023-10-3113692611core:OtherReservesSubtotal2023-10-3113692611core:RetainedEarningsAccumulatedLosses2023-10-3113692611core:NetGoodwill2022-10-3113692611core:IntangibleAssetsOtherThanGoodwill2022-10-3113692611core:LandBuildings2022-10-3113692611core:PlantMachinery2022-10-3113692611core:Vehicles2022-10-3113692611core:FurnitureFittings2022-10-3113692611core:OfficeEquipment2022-10-3113692611core:AfterOneYear2022-10-3113692611core:WithinOneYear2022-10-3113692611core:ListedExc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MTEX SERVICES LTD

Registered Number
13692611
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2023

MTEX SERVICES LTD
Company Information
for the year from 1 November 2022 to 31 October 2023

Directors

MACDONALD, Callum
TEIXERIA, Antonio

Registered Address

1 Gemini Court, 42a Throwley Way
Sutton
SM1 4AF

Registered Number

13692611 (England and Wales)
MTEX SERVICES LTD
Statement of Financial Position
31 October 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets443,44623,898
43,44623,898
Current assets
Debtors531,58613,811
Cash at bank and on hand2,57613,677
34,16227,488
Creditors amounts falling due within one year6(52,010)(36,801)
Net current assets (liabilities)(17,848)(9,313)
Total assets less current liabilities25,59814,585
Creditors amounts falling due after one year7(45,991)(25,482)
Provisions for liabilities9(8,255)(4,541)
Net assets(28,648)(15,438)
Capital and reserves
Called up share capital100100
Profit and loss account(28,748)(15,538)
Shareholders' funds(28,648)(15,438)
The financial statements were approved and authorised for issue by the Board of Directors on 26 July 2024, and are signed on its behalf by:
MACDONALD, Callum
Director
TEIXERIA, Antonio
Director

Registered Company No. 13692611
MTEX SERVICES LTD
Notes to the Financial Statements
for the year ended 31 October 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
The directors are aware of their responsibilities whilst trading insolvent and have agreed to not repay their directors' loan until such time that the balance sheet permits.
Turnover policy
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Vehicles25
Office Equipment25
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20232022
Average number of employees during the year24
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 November 222,55628,75155831,865
Additions2,03331,997-34,030
At 31 October 234,58960,74855865,895
Depreciation and impairment
At 01 November 226397,1881407,967
Charge for year98713,39010514,482
At 31 October 231,62620,57824522,449
Net book value
At 31 October 232,96340,17031343,446
At 31 October 221,91721,56341823,898
5.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables15,4253,864
Other debtors1,282990
Prepayments and accrued income6901,064
Deferred tax asset, debtors14,1897,893
Total31,58613,811
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables3,8461,873
Finance lease and HP contracts11,0164,671
Other creditors33,21027,502
Accrued liabilities and deferred income3,9382,755
Total52,01036,801
7.Creditors: amounts due after one year

2023

2022

££
Other creditors45,99125,482
Total45,99125,482
8.Obligations under finance leases

2023

2022

££
Finance lease and HP contracts45,99125,482
9.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)8,2554,541
Total8,2554,541