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REGISTERED NUMBER: 08379749 (England and Wales)















Financial Statements For The Year Ended 31 January 2024

for

MXF LIMITED

MXF LIMITED (REGISTERED NUMBER: 08379749)






Contents of the Financial Statements
For The Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MXF LIMITED

Company Information
For The Year Ended 31 January 2024







DIRECTOR: X M J Rousset





REGISTERED OFFICE: 1 Blandford Street
London
W1U 3DA





REGISTERED NUMBER: 08379749 (England and Wales)





ACCOUNTANTS: Vectris Chartered Accountants
Highland House
165 The Broadway
Wimbledon
London
SW19 1NE

MXF LIMITED (REGISTERED NUMBER: 08379749)

Balance Sheet
31 January 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 339 511
Investments 5 9,450 5,000
9,789 5,511

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 6 - 12,000
Cash at bank 16,138 5,262
18,138 19,262
CREDITORS
Amounts falling due within one year 7 29,682 38,759
NET CURRENT LIABILITIES (11,544 ) (19,497 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,755

)

(13,986

)

CAPITAL AND RESERVES
Called up share capital 60,000 60,000
Retained earnings (61,755 ) (73,986 )
(1,755 ) (13,986 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 August 2024 and were signed by:




X M J Rousset - Director


MXF LIMITED (REGISTERED NUMBER: 08379749)

Notes to the Financial Statements
For The Year Ended 31 January 2024

1. STATUTORY INFORMATION

Mxf 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.

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 Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

MXF LIMITED (REGISTERED NUMBER: 08379749)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 858
DEPRECIATION
At 1 February 2023 347
Charge for year 172
At 31 January 2024 519
NET BOOK VALUE
At 31 January 2024 339
At 31 January 2023 511

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2023 5,000
Additions 4,450
At 31 January 2024 9,450
NET BOOK VALUE
At 31 January 2024 9,450
At 31 January 2023 5,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors - 12,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade creditors 12,300 9,001
Taxation and social security 15,943 12,447
Other creditors 1,439 17,311
29,682 38,759