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REGISTERED NUMBER: 13173129 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

T-Mex Express Ltd

T-Mex Express Ltd (Registered number: 13173129)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


T-Mex Express Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: M A Bawden





REGISTERED OFFICE: Sterling House
7 Ashford Road
Maidstone
Kent
ME14 5BJ





REGISTERED NUMBER: 13173129 (England and Wales)





ACCOUNTANTS: Berry & Company
Chartered Accountants
Sterling House
7 Ashford Road
Maidstone
Kent
ME14 5BJ

T-Mex Express Ltd (Registered number: 13173129)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,337 9,609

CURRENT ASSETS
Stocks 102,750 85,510
Debtors 5 77,030 27,956
Cash at bank and in hand 33,447 51,999
213,227 165,465
CREDITORS
Amounts falling due within one year 6 260,749 174,956
NET CURRENT LIABILITIES (47,522 ) (9,491 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,815

118

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 5,814 117
5,815 118

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 16 October 2024 and were signed by:





M A Bawden - Director


T-Mex Express Ltd (Registered number: 13173129)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

T-Mex Express 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
Turnover represents the fair value of consideration received or receivable derived from the provision of goods to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

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 etc - 33% on cost, 25% on cost and 15% 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.

Financial instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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.

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 2 (2023 - 1 ) .

T-Mex Express Ltd (Registered number: 13173129)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 13,260
Additions 50,471
At 29 February 2024 63,731
DEPRECIATION
At 1 March 2023 3,651
Charge for year 6,743
At 29 February 2024 10,394
NET BOOK VALUE
At 29 February 2024 53,337
At 28 February 2023 9,609

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 77,028 17,956
Other debtors 2 10,000
77,030 27,956

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,169 3,770
Trade creditors 38,102 19,677
Taxation and social security 13,546 4,926
Other creditors 206,932 146,583
260,749 174,956

7. RELATED PARTY DISCLOSURES

Included within other creditors is an intercompany loan for the sum of £186,930 (2023: £143,825) with T-Mex Ltd, company number 03695435 (England and Wales),a company which is owned and controlled by the director, Mr M Bawden.This loan is interest free and repayable on demand.