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REGISTERED NUMBER: 06228143 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

3X MOTION TECHNOLOGIES (EUROPE) LTD

3X MOTION TECHNOLOGIES (EUROPE) LTD (REGISTERED NUMBER: 06228143)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Balance sheet 1

Notes to the financial statements 2


3X MOTION TECHNOLOGIES (EUROPE) LTD (REGISTERED NUMBER: 06228143)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 248 646

Current assets
Stocks - 35,768
Debtors 5 157,004 91,685
Cash at bank 222,452 188,707
379,456 316,160
Creditors
Amounts falling due within one year 6 321,400 238,662
Net current assets 58,056 77,498
Total assets less current liabilities 58,304 78,144

Provisions for liabilities 7 131 162
Net assets 58,173 77,982

Capital and reserves
Called up share capital 8 10 10
Retained earnings 58,163 77,972
Shareholders' funds 58,173 77,982

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

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

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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 March 2025 and were signed on its behalf by:





Mr S P McKay - Director


3X MOTION TECHNOLOGIES (EUROPE) LTD (REGISTERED NUMBER: 06228143)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. Statutory information

3X Motion Technologies (Europe) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06228143. The registered office address is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and the business address is Unit 7, 11-15 Francis Avenue, Bournemouth, Dorset, BH11 8NX.

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.

Preparation of consolidated financial statements
The financial statements contain information about 3X Motion Technologies (Europe) Limited as an individual company. The company is a wholly owned subsidiary and the parent company has taken the option under S399 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Turnover is recognised when goods are despatched to customers and title to the goods passes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer software - 15% on reducing balance

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3X MOTION TECHNOLOGIES (EUROPE) LTD (REGISTERED NUMBER: 06228143)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. Accounting policies - continued

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 3 (2023 - 2 ) .

4. Tangible fixed assets
Computer
software
£   
Cost
At 1 August 2023 4,773
Disposals (4,000 )
At 31 July 2024 773
Depreciation
At 1 August 2023 4,127
Charge for year 44
Eliminated on disposal (3,646 )
At 31 July 2024 525
Net book value
At 31 July 2024 248
At 31 July 2023 646

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 45,047 32,162
Amounts owed by group undertakings 109,024 59,523
VAT 2,933 -
157,004 91,685

3X MOTION TECHNOLOGIES (EUROPE) LTD (REGISTERED NUMBER: 06228143)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 52,715 56,519
Amounts owed to group undertakings 239,927 100,000
Tax 26,853 34,286
Social security and other taxes - 786
VAT - 7,538
Other creditors - 206
Directors' current accounts - 37,512
Accruals and deferred income 1,905 1,815
321,400 238,662

7. Provisions for liabilities
2024 2023
£    £   
Deferred tax 131 162

Deferred
tax
£   
Balance at 1 August 2023 162
Credit to Income statement during year (31 )
Balance at 31 July 2024 131

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary £1 10 10

9. Ultimate controlling party

The company is ultimately controlled by the director, Mr S McKay, by virtue of his 100% holding in the voting share capital of the parent company, MCP Holdings (U.K) Limited.