IRIS Accounts Production v24.2.0.383 07724883 director 1.2.23 31.1.24 31.1.24 0 false true false false true false Ordinary Share 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh077248832023-01-31077248832024-01-31077248832023-02-012024-01-31077248832022-01-31077248832022-02-012023-01-31077248832023-01-3107724883ns14:PoundSterling2023-02-012024-01-3107724883ns10:Director12023-02-012024-01-3107724883ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3107724883ns10:SmallEntities2023-02-012024-01-3107724883ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3107724883ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3107724883ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3107724883ns10:FullAccounts2023-02-012024-01-3107724883ns10:OrdinaryShareClass12023-02-012024-01-3107724883ns10:RegisteredOffice2023-02-012024-01-3107724883ns5:CurrentFinancialInstruments2024-01-3107724883ns5:CurrentFinancialInstruments2023-01-3107724883ns5:Non-currentFinancialInstruments2024-01-3107724883ns5:Non-currentFinancialInstruments2023-01-3107724883ns5:ShareCapital2024-01-3107724883ns5:ShareCapital2023-01-3107724883ns5:RetainedEarningsAccumulatedLosses2024-01-3107724883ns5:RetainedEarningsAccumulatedLosses2023-01-3107724883ns5:FurnitureFittings2023-02-012024-01-3107724883ns5:ComputerEquipment2023-02-012024-01-3107724883ns5:FurnitureFittings2023-01-3107724883ns5:ComputerEquipment2023-01-3107724883ns5:FurnitureFittings2024-01-3107724883ns5:ComputerEquipment2024-01-3107724883ns5:FurnitureFittings2023-01-3107724883ns5:ComputerEquipment2023-01-3107724883ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3107724883ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-3107724883ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-01-3107724883ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-01-3107724883ns10:OrdinaryShareClass12024-01-3107724883ns5:RetainedEarningsAccumulatedLosses2023-01-3107724883ns5:RetainedEarningsAccumulatedLosses2023-02-012024-01-31
REGISTERED NUMBER: 07724883















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Malachi 3X Limited

Malachi 3X Limited (Registered number: 07724883)






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


Malachi 3X Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: E Eghobamien





REGISTERED OFFICE: China Works
100 Black Prince Road
London
SE1 7SJ





REGISTERED NUMBER: 07724883





ACCOUNTANTS: Taxpoint Direct Limited
Chartered Certified Accountants &Tax Consultants
310E Sterling House
Langston Road
Loughton
IG10 3TS

Malachi 3X Limited (Registered number: 07724883)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,955 5,272

CURRENT ASSETS
Debtors 5 39,086 57,183
Investments 6 59,950 59,950
Cash at bank and in hand 1,106 1,980
100,142 119,113
CREDITORS
Amounts falling due within one year 7 29,968 30,456
NET CURRENT ASSETS 70,174 88,657
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,129

93,929

CREDITORS
Amounts falling due after more than one
year

8

17,983

26,521
NET ASSETS 56,146 67,408

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 56,144 67,406
SHAREHOLDERS' FUNDS 56,146 67,408

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.

Malachi 3X Limited (Registered number: 07724883)

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 29 October 2024 and were signed by:





E Eghobamien - Director


Malachi 3X Limited (Registered number: 07724883)

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

1. STATUTORY INFORMATION

Malachi 3X Limited is a private company, limited by shares , registered in Not specified/Other. 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

Pension costs and other post-retirement benefits

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

Malachi 3X Limited (Registered number: 07724883)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 69,593 1,115 70,708
DEPRECIATION
At 1 February 2023 64,383 1,053 65,436
Charge for year 1,302 15 1,317
At 31 January 2024 65,685 1,068 66,753
NET BOOK VALUE
At 31 January 2024 3,908 47 3,955
At 31 January 2023 5,210 62 5,272

5. DEBTORS
31.1.24 31.1.23
£    £   
Amounts falling due within one year:
Trade debtors 7,086 24,886
Other Investment 25,000 25,000
VAT - 297
32,086 50,183

Amounts falling due after more than one year:
Other debtors 7,000 7,000

Aggregate amounts 39,086 57,183

6. CURRENT ASSET INVESTMENTS
31.1.24 31.1.23
£    £   
Access Bank Investment 50,000 50,000
Investment-Congo 9,950 9,950
59,950 59,950

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 4,533 2,401
Social security and other taxes 3,459 12,137
Directors' current accounts 21,718 15,918
Accrued expenses 258 -
29,968 30,456

Malachi 3X Limited (Registered number: 07724883)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-2 years 17,983 26,521

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
2 Ordinary Share 1 2 2

10. RESERVES
Retained
earnings
£   

At 1 February 2023 67,406
Deficit for the year (11,262 )
At 31 January 2024 56,144