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REGISTERED NUMBER: 05951667 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

M & E CONTRAX LIMITED

M & E CONTRAX LIMITED (REGISTERED NUMBER: 05951667)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M & E CONTRAX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr P Merriam
Mr K B Moore
Mr D K Moore



REGISTERED OFFICE: C/O Western Industrial
Linhay Business Park
Eastern Road
Ashburton
Devon
TQ13 7UP



REGISTERED NUMBER: 05951667 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Lloyds Bank Plc
41 Courtenay Street
Newton Abbot
Devon
TQ12 2EA

M & E CONTRAX LIMITED (REGISTERED NUMBER: 05951667)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,673 25,414

CURRENT ASSETS
Stocks 5 5,000 5,000
Debtors 6 304,886 198,322
Cash at bank and in hand 46,461 35,831
356,347 239,153
CREDITORS
Amounts falling due within one year 7 206,318 116,025
NET CURRENT ASSETS 150,029 123,128
TOTAL ASSETS LESS CURRENT LIABILITIES 173,702 148,542

PROVISIONS FOR LIABILITIES 4,498 -
NET ASSETS 169,204 148,542

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 169,104 148,442
169,204 148,542

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

M & E CONTRAX LIMITED (REGISTERED NUMBER: 05951667)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2024 and were signed on its behalf by:




Mr K B Moore - Director Mr P Merriam - Director




Mr D K Moore - Director


M & E CONTRAX LIMITED (REGISTERED NUMBER: 05951667)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

M & E Contrax 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 - 20% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

M & E CONTRAX LIMITED (REGISTERED NUMBER: 05951667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 7,228 27,767 30,698 65,693
Additions 5,514 2,621 - 8,135
Disposals (5,513 ) (18,240 ) - (23,753 )
At 31 December 2023 7,229 12,148 30,698 50,075
DEPRECIATION
At 1 January 2023 6,345 19,242 14,694 40,281
Charge for year 1,280 2,739 4,001 8,020
Eliminated on disposal (5,513 ) (16,386 ) - (21,899 )
At 31 December 2023 2,112 5,595 18,695 26,402
NET BOOK VALUE
At 31 December 2023 5,117 6,553 12,003 23,673
At 31 December 2022 883 8,525 16,004 25,412

5. STOCKS
2023 2022
£    £   
Stocks 5,000 5,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 303,905 198,290
Deferred tax asset
Accelerated capital allowances - 32
Prepayments 981 -
304,886 198,322

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 153,782 79,373
Tax 1,862 -
Social security and other taxes 10,140 17,858
VAT 14,453 2,492
Other creditors 21,211 12,102
Directors' current accounts 3,000 3,000
Accrued expenses 1,870 1,200
206,318 116,025

M & E CONTRAX LIMITED (REGISTERED NUMBER: 05951667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. OTHER FINANCIAL COMMITMENTS

At 31/12/2023, the company had total commitments under non-cancellable operating leases over the remaining life of the those leases of £8,614 (2022: £18,950).

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr K B Moore
Balance outstanding at start of year (3,000 ) (3,000 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,000 ) (3,000 )

Loan interest free and repayable on demand.