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REGISTERED NUMBER: 03360933 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

Minx Creative Limited

Minx Creative Limited (Registered number: 03360933)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Minx Creative Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: N E Graham
R Nazerian





SECRETARY: Best4Business Limited (Corporate)





REGISTERED OFFICE: 45 Beaufort Court
Admirals Way
London
E14 9XL





REGISTERED NUMBER: 03360933 (England and Wales)





ACCOUNTANTS: Best4business Accountants & Company Ltd
45 Beaufort Court
Admirals Way
London
E14 9XL

Minx Creative Limited (Registered number: 03360933)

Balance Sheet
31 May 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 962 3,168

CURRENT ASSETS
Stocks and Work in Progress 53,000 51,028
Debtors 5 456,840 427,895
Cash at bank 14 14
509,854 478,937
CREDITORS
Amounts falling due within one year 6 (196,299 ) (155,441 )
NET CURRENT ASSETS 313,555 323,496
TOTAL ASSETS LESS CURRENT
LIABILITIES

314,517

326,664

CREDITORS
Amounts falling due after more than one year 7 (113,145 ) (105,794 )

PROVISIONS FOR LIABILITIES 8 (183 ) (545 )
NET ASSETS 201,189 220,325

CAPITAL AND RESERVES
Called up share capital 9 8,431 8,431
Share premium 10 191,589 191,589
Retained earnings 10 1,169 20,305
SHAREHOLDERS' FUNDS 201,189 220,325

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Minx Creative Limited (Registered number: 03360933)

Balance Sheet - continued
31 May 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 2 January 2025 and were signed on its behalf by:





R Nazerian - Director


Minx Creative Limited (Registered number: 03360933)

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

1. STATUTORY INFORMATION

Minx Creative 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.
Plant and machinery - 25% on cost
Computer equipment - 50% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks and work in progress to their present location and condition.

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
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 3 (2023 - 4 ) .

Minx Creative Limited (Registered number: 03360933)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 June 2023
and 31 May 2024 115,355
DEPRECIATION
At 1 June 2023 112,187
Charge for year 2,206
At 31 May 2024 114,393
NET BOOK VALUE
At 31 May 2024 962
At 31 May 2023 3,168

5. DEBTORS
2024 2023
£ £
Amounts falling due within one year:
Trade debtors 277,926 248,061
Other debtors 3,914 4,834
281,840 252,895

Amounts falling due after more than one year:
Other debtors 175,000 175,000

Aggregate amounts 456,840 427,895

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 63,423 42,825
Trade creditors 1,376 9,735
Taxation and social security 79,283 71,791
Other creditors 52,217 31,090
196,299 155,441

Other creditors comprise deposits and short-term loans made during the year that are repayable on demand, and accrued expenses.

Also included in other creditors are amounts owed to the directors at the year end.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 113,145 105,794

Minx Creative Limited (Registered number: 03360933)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£ £
Amounts falling due in more than five years:

Repayable by instalments
Bank loans > 5 yr 6,729 16,662

8. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 183 545

Deferred tax
£
Balance at 1 June 2023 545
Utilised during year (362 )
Balance at 31 May 2024 183

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
7,000 Ordinary £1 7,000 7,000
20 A Ordinary £1 20 20
1,236 Preference 5.5% £1 1,236 1,236
175 Preference 3% + base rate £1 175 175
8,431 8,431

10. RESERVES
Retained Share
earnings premium Totals
£ £ £

At 1 June 2023 20,305 191,589 211,894
Deficit for the year (18,136 ) - (18,136 )
Dividends (1,000 ) - (1,000 )
At 31 May 2024 1,169 191,589 192,758

Minx Creative Limited (Registered number: 03360933)

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

11. RELATED PARTY DISCLOSURES

Included in amount owed to other creditors at the year end in note 8 is the amount owed by the company to the directors of £35,284 (2023: £29,861).

The company sells graphic design services on normal commercial terms to Storigraphic Limited, a company registered in England with number 11855419, which the company is a wholly-owned by the directors of the company.

The value of such income during the financial period being reported was £21,300 [2023:£13,000] (excluding VAT).The total balance due from Storigraphic Limited at the end of the year was £250,730 [2023: £231,410].

The company buys graphic design services on normal commercial terms to Storigraphic Limited, a company registered in England with number 11855419, which the company is a wholly-owned by the directors of the company.

The value of such expense during the financial period being reported was £26,875 [2023:£7,250] (excluding VAT).The total balance due to Storigraphic Limited at the end of the year was £nil [2023: £7,000].

12. ULTIMATE CONTROLLING PARTIES

The ultimate controlling parties are Miss R Nazerian and Mrs NE Graham, who collectively own and control 93% of the issued ordinary share capital of the company.