2022-10-012023-09-302023-09-30false12214726LEXRI 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LEXRI LTD

(formerly NISLO RESEARCH LTD)

Registered Number
12214726
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2023

LEXRI LTD
Company Information
for the year from 1 October 2022 to 30 September 2023

Director

Erdal Urul

Registered Address

3rd Floor 45 Albemarle Street
Mayfair
London
W1S 4JL

Registered Number

12214726 (England and Wales)
LEXRI LTD
Balance Sheet as at
30 September 2023

Notes

2023

2022

£

£

£

£

Current assets
Debtors32,8592,859
Cash at bank and on hand802,199
2,9395,058
Creditors amounts falling due within one year4(37,582)(31,289)
Net current assets (liabilities)(34,643)(26,231)
Total assets less current liabilities(34,643)(26,231)
Net assets(34,643)(26,231)
Capital and reserves
Called up share capital11
Profit and loss account(34,644)(26,232)
Shareholders' funds(34,643)(26,231)
The financial statements were approved and authorised for issue by the Director on 2 July 2024, and are signed on its behalf by:
Erdal Urul
Director
Registered Company No. 12214726
LEXRI LTD
Notes to the Financial Statements
for the year ended 30 September 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.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts, and value-added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
2.Average number of employees

20232022
Average number of employees during the year00
3.Debtors: amounts due within one year

2023

2022

££
Other debtors2,8592,859
Total2,8592,859
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
4.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables2,880-
Amounts owed to related parties32,81029,789
Accrued liabilities and deferred income1,8921,500
Total37,58231,289
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year
6.Events after reporting date
The company's registered office address was changed from the 5th Floor, Suite 23, 63-66 Hatton Garden, London, EC1N 8LE on 25 January 2024 to the 3rd Floor 45 Albemarle Street Mayfair London W1S 4J.
7.Related party transactions
Part of the costs incurred by Lexri Ltd for Direct Expenses and Contractors, £18,728.28 (2022: £274,128) relates to Okbel Technologies Ltd (a company under common control, with 100% shares held by Erdal Urul) costs and was offset against the company's loan account. The year-end loan balance is £32,296.30 (2022: £29,789). The loan is repayable on demand and no interest is charged on the balance. Lexri Ltd purchased a domain name for £2,880 from Workgate Global Ltd (a company owned by Mehmet Ali Urul, a close family member of Erdal Urul). The year-end loan balance is £513.86 (2022: £NIL). The loan is repayable on demand and no interest is charged on the balance.