1 February 2023 false Taxfiler 2024.5 06045508business:PrivateLimitedCompanyLtd2023-02-012024-01-31 060455082023-01-31 060455082023-02-012024-01-31 06045508business:AuditExemptWithAccountantsReport2023-02-012024-01-31 06045508business:FilletedAccounts2023-02-012024-01-31 060455082024-01-31 06045508business:Director12023-02-012024-01-31 06045508business:RegisteredOffice2023-02-012024-01-31 060455082023-01-31 06045508core:WithinOneYear2024-01-31 06045508core:WithinOneYear2023-01-31 06045508core:AfterOneYear2024-01-31 06045508core:AfterOneYear2023-01-31 06045508core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 06045508core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 06045508core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 06045508core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 06045508core:PreviouslyStatedAmount2024-01-31 06045508core:PreviouslyStatedAmount2023-01-31 06045508business:SmallEntities2023-02-012024-01-31 06045508countries:EnglandWales2023-02-012024-01-31 06045508core:PlantMachinery2023-02-012024-01-31 06045508core:MotorVehicles2023-02-012024-01-31 06045508core:PlantMachinery2023-01-31 06045508core:MotorVehicles2023-01-31 06045508core:PlantMachinery2024-01-31 06045508core:MotorVehicles2024-01-31 06045508core:MotorVehiclescore:LeasedAssetsHeldAsLessee2024-01-31 06045508core:MotorVehiclescore:LeasedAssetsHeldAsLessee2023-01-31 06045508core:AcceleratedTaxDepreciationDeferredTax2024-01-31 06045508core:AcceleratedTaxDepreciationDeferredTax2023-01-31 060455082022-01-31 060455082022-02-012023-01-31 06045508business:OrdinaryShareClass12023-02-012024-01-31 06045508business:OrdinaryShareClass12022-02-012023-01-31 06045508business:Director112023-02-012024-01-31 06045508business:Director112023-01-31 06045508business:Director112024-01-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 06045508 (England and Wales)
RXM Limited Unaudited accounts for the year ended 31 January 2024
RXM Limited Unaudited accounts Contents
Page
- 2 -
RXM Limited Company Information for the year ended 31 January 2024
Director
Richard Beresford
Company Number
06045508 (England and Wales)
Registered Office
OLD SPRINGS FARM, SWYTHAMLEY MACCLESFIELD CHESHIRE SK11 0SL
Accountants
Batesons Management Services Ltd 2 Statham Court Statham Street Macclesfield Cheshire SK11 6XN
- 3 -
RXM Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,474 
16,980 
Current assets
Inventories
215 
205 
Debtors
16,849 
13,473 
17,064 
13,678 
Creditors: amounts falling due within one year
(17,284)
(10,803)
Net current (liabilities)/assets
(220)
2,875 
Total assets less current liabilities
14,254 
19,855 
Creditors: amounts falling due after more than one year
(9,178)
(14,196)
Provisions for liabilities
Deferred tax
(2,750)
(3,226)
Net assets
2,326 
2,433 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
2,324 
2,431 
Shareholders' funds
2,326 
2,433 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 October 2024 and were signed on its behalf by
Richard Beresford Director Company Registration No. 06045508
- 4 -
RXM Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
RXM Limited is a private company, limited by shares, registered in England and Wales, registration number 06045508. The registered office is OLD SPRINGS FARM, SWYTHAMLEY, MACCLESFIELD, CHESHIRE, SK11 0SL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance basis
Motor vehicles
25% reducing balance basis
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
- 5 -
RXM Limited Notes to the Accounts for the year ended 31 January 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
7,381 
18,594 
25,975 
Additions
1,546 
- 
1,546 
At 31 January 2024
8,927 
18,594 
27,521 
Depreciation
At 1 February 2023
4,180 
4,815 
8,995 
Charge for the year
607 
3,445 
4,052 
At 31 January 2024
4,787 
8,260 
13,047 
Net book value
At 31 January 2024
4,140 
10,334 
14,474 
At 31 January 2023
3,201 
13,779 
16,980 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
- 
13,778 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
284 
5,224 
Accrued income and prepayments
241 
206 
Other debtors
16,324 
8,043 
16,849 
13,473 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,048 
5,048 
Obligations under finance leases and hire purchase contracts
3,000 
2,622 
Taxes and social security
8,247 
2,191 
Accruals
989 
942 
17,284 
10,803 
- 6 -
RXM Limited Notes to the Accounts for the year ended 31 January 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
9,178 
14,196 
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
2,750 
3,226 
2024 
2023 
£ 
£ 
Provision at start of year
3,226 
4,466 
Credited to the profit and loss account
(476)
(1,240)
Provision at end of year
2,750 
3,226 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Director's Loan Account
8,043 
35,644 
27,363 
16,324 
8,043 
35,644 
27,363 
16,324 
11
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 7 -