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REGISTERED NUMBER: 03695435 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

T-MEX Limited

T-MEX Limited (Registered number: 03695435)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T-MEX Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr M A Bawden





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





REGISTERED NUMBER: 03695435 (England and Wales)





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

T-MEX Limited (Registered number: 03695435)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,291 18,362

CURRENT ASSETS
Stocks 631,760 699,131
Debtors 5 383,941 424,135
Cash at bank and in hand 423 4,155
1,016,124 1,127,421
CREDITORS
Amounts falling due within one year 6 528,597 623,659
NET CURRENT ASSETS 487,527 503,762
TOTAL ASSETS LESS CURRENT
LIABILITIES

513,818

522,124

CREDITORS
Amounts falling due after more than one
year

7

16,000

28,000
NET ASSETS 497,818 494,124

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 497,816 494,122
SHAREHOLDERS' FUNDS 497,818 494,124

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.

T-MEX Limited (Registered number: 03695435)

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 director and authorised for issue on 16 October 2024 and were signed by:





Mr M A Bawden - Director


T-MEX Limited (Registered number: 03695435)

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

1. STATUTORY INFORMATION

T-MEX 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.

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 rendering of services to customers and 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance, 15% on reducing balance and 10% on cost

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

T-MEX Limited (Registered number: 03695435)

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

2. ACCOUNTING POLICIES - continued

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 302,753
Additions 15,001
At 31 January 2024 317,754
DEPRECIATION
At 1 February 2023 284,391
Charge for year 7,072
At 31 January 2024 291,463
NET BOOK VALUE
At 31 January 2024 26,291
At 31 January 2023 18,362

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 33,778
DEPRECIATION
At 1 February 2023 28,306
Charge for year 1,368
At 31 January 2024 29,674
NET BOOK VALUE
At 31 January 2024 4,104
At 31 January 2023 5,472

T-MEX Limited (Registered number: 03695435)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 157,092 218,771
Other debtors 226,849 205,364
383,941 424,135

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 48,450 56,380
Trade creditors 115,131 140,867
Taxation and social security 22,583 43,721
Other creditors 342,433 382,691
528,597 623,659

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 16,000 28,000

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 36,000 36,000

9. SECURED DEBTS

The bank loan and overdraft facility is secured by HSBC Bank PLC who hold a fixed and floating charge over all assets and undertakings of the company by way of debenture.

10. RELATED PARTY DISCLOSURES

Included within other debtors is an intercompany loan for the sum of £194,592 (2023: £143,825) with T-Mex Express Ltd, company number 13173129 (England and Wales),a company which is owned and controlled by the director, Mr M A Bawden.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr N A Bawden.