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REGISTERED NUMBER: 06772368 (England and Wales)















X-Ray Mineral Services Ltd.

Financial Statements for the Year Ended 31 December 2023






X-Ray Mineral Services Ltd. (Registered number: 06772368)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


X-Ray Mineral Services Ltd.

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Dr T J Pearce
Ms V Ridge





REGISTERED OFFICE: 1 Claughton Road
Colwyn Bay
Conwy
LL29 7EF





REGISTERED NUMBER: 06772368 (England and Wales)





AUDITORS: Pritchett & Co Business Advisers Limited
Chartered Accountants and Statutory Auditors
16 Wynnstay Road
Colwyn Bay
Conwy
LL29 8NB

X-Ray Mineral Services Ltd. (Registered number: 06772368)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3 3
Tangible assets 5 73,012 34,561
73,015 34,564

CURRENT ASSETS
Debtors 6 458,937 280,908
Cash at bank and in hand 96,554 103,888
555,491 384,796
CREDITORS
Amounts falling due within one year 7 307,190 151,983
NET CURRENT ASSETS 248,301 232,813
TOTAL ASSETS LESS CURRENT
LIABILITIES

321,316

267,377

PROVISIONS FOR LIABILITIES - 5,017
NET ASSETS 321,316 262,360

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 321,306 262,350
SHAREHOLDERS' FUNDS 321,316 262,360

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 17 September 2024 and were signed on its behalf by:





Dr T J Pearce - Director


X-Ray Mineral Services Ltd. (Registered number: 06772368)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

X-Ray Mineral Services Ltd. 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.
Long leasehold - 25% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

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.

X-Ray Mineral Services Ltd. (Registered number: 06772368)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 3
NET BOOK VALUE
At 31 December 2023 3
At 31 December 2022 3

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 59,984 403,681 5,223 25,702 494,590
Additions - 75,106 - 3,665 78,771
Disposals - (10,775 ) - - (10,775 )
At 31 December 2023 59,984 468,012 5,223 29,367 562,586
DEPRECIATION
At 1 January 2023 54,202 380,933 4,523 20,371 460,029
Charge for year 5,782 32,690 327 2,760 41,559
Eliminated on disposal - (12,014 ) - - (12,014 )
At 31 December 2023 59,984 401,609 4,850 23,131 489,574
NET BOOK VALUE
At 31 December 2023 - 66,403 373 6,236 73,012
At 31 December 2022 5,782 22,748 700 5,331 34,561

X-Ray Mineral Services Ltd. (Registered number: 06772368)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 202,064 78,552
Amounts owed by group undertakings 189,343 124,994
Other debtors 67,530 77,362
458,937 280,908

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 9,054 9,454
Amounts owed to group undertakings 243,912 83,917
Taxation and social security 20,772 16,880
Other creditors 33,452 41,732
307,190 151,983

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/12/23 31/12/22
£    £   
Within one year 11,000 11,000
Between one and five years 44,000 44,000
In more than five years 10,033 21,033
65,033 76,033

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
8 Ordinary A shares £1 8 8
2 Ordinary B shares £1 2 2
10 10

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Morris (Senior Statutory Auditor)
for and on behalf Pritchett & Co Business Advisers Limited

X-Ray Mineral Services Ltd. (Registered number: 06772368)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

11. SECURED LIABILITIES

In the accounts of the parent company, Hafren Scientific Ltd, there is a loan with the Development Bank of Wales which is secured against X-Ray Mineral Services Ltd. The loan is secured by a fixed and floating charge over the assets and undertakings of Chemostrat Limited, Origin Analytical Limited and Hafren Scientific Limited.

12. ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent company is Hafren Scientific Ltd, a company incorporated in England and Wales.

The ultimate controlling party is Dr TJ Pearce, being the majority shareholder of Hafren Scientific Ltd.

Hafren Scientific Ltd is the smallest and largest company for which consolidated accounts including X-Ray Mineral Services Limited are prepared. The consolidated accounts of Hafren Scientific Ltd are available from its registered office, Unit 1 Ravenscroft Court, Buttington Cross Enterprise Park, Welshpool, Powys, SY21 8SL.