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REGISTERED NUMBER: 07898234 (England and Wales)



Financial Statements for the Year Ended 31 January 2024

for

Mex Logistic Limited

Mex Logistic Limited (Registered number: 07898234)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Mex Logistic Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr R M Sivanathan
Ms E Gyunesh





REGISTERED OFFICE: 1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ





REGISTERED NUMBER: 07898234 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

Mex Logistic Limited (Registered number: 07898234)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,244 4,148

CURRENT ASSETS
Debtors 5 32,056 44,114
Cash at bank and in hand 4,284 483
36,340 44,597
CREDITORS
Amounts falling due within one year 6 (41,592 ) (52,499 )
NET CURRENT LIABILITIES (5,252 ) (7,902 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,008

)

(3,754

)

CREDITORS
Amounts falling due after more than one year 7 (27,759 ) (29,071 )
NET LIABILITIES (30,767 ) (32,825 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (30,867 ) (32,925 )
SHAREHOLDERS' FUNDS (30,767 ) (32,825 )

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 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.

Mex Logistic Limited (Registered number: 07898234)

Balance Sheet - continued
31 January 2024


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 Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by:





Mr R M Sivanathan - Director


Mex Logistic Limited (Registered number: 07898234)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Mex Logistic 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.

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 3 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 4,600 4,100 3,960 12,660
Disposals - (4,100 ) - (4,100 )
At 31 January 2024 4,600 - 3,960 8,560
DEPRECIATION
At 1 February 2023 3,093 2,757 2,662 8,512
Charge for year 301 - 260 561
Eliminated on disposal - (2,757 ) - (2,757 )
At 31 January 2024 3,394 - 2,922 6,316
NET BOOK VALUE
At 31 January 2024 1,206 - 1,038 2,244
At 31 January 2023 1,507 1,343 1,298 4,148

Mex Logistic Limited (Registered number: 07898234)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 32,056 44,114

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts (see note 8) 16 -
Trade creditors - (1 )
Directors' current accounts 41,576 52,500
41,592 52,499

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Other loans (see note 8) 27,759 29,071

8. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 16 -

Amounts falling due between two and five years:
Bounce back Loan 27,759 29,071

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100

Mex Logistic Limited (Registered number: 07898234)

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


10. RESERVES
Retained
earnings
£   

At 1 February 2023 (32,925 )
Profit for the year 2,058
At 31 January 2024 (30,867 )