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REGISTERED NUMBER: 11405138 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

M-XR LIMITED

M-XR LIMITED (REGISTERED NUMBER: 11405138)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


M-XR LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr R Howell
Mr E Round





REGISTERED OFFICE: 159 High Street
Barnet
Hertfordshire
EN5 5SU





REGISTERED NUMBER: 11405138 (England and Wales)





ACCOUNTANTS: Joshua Leigh & Co Ltd
159 High Street
Barnet
Hertfordshire
EN5 5SU

M-XR LIMITED (REGISTERED NUMBER: 11405138)

Abridged Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 14,146 13,999
Tangible assets 5 83,927 123,764
98,073 137,763

CURRENT ASSETS
Debtors 55,188 26,996
Cash at bank 379,608 674,414
434,796 701,410
CREDITORS
Amounts falling due within one year (72,395 ) (42,198 )
NET CURRENT ASSETS 362,401 659,212
TOTAL ASSETS LESS CURRENT
LIABILITIES

460,474

796,975

CREDITORS
Amounts falling due after more than one
year

(2,047,811

)

(1,734,965

)
NET LIABILITIES (1,587,337 ) (937,990 )

CAPITAL AND RESERVES
Called up share capital 1,133 1,133
Share premium 283,931 283,931
Retained earnings (1,872,401 ) (1,223,054 )
SHAREHOLDERS' FUNDS (1,587,337 ) (937,990 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

M-XR LIMITED (REGISTERED NUMBER: 11405138)

Abridged Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 11 March 2025 and were signed on its behalf by:




Mr R Howell - Director



Mr E Round - Director


M-XR LIMITED (REGISTERED NUMBER: 11405138)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

M-XR 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.

Patents and licences
Patents and licences are being amortised using the reducing balance method at a rate of 25% annually.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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

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 9 (2023 - 10 ) .

M-XR LIMITED (REGISTERED NUMBER: 11405138)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 22,136
Additions 4,376
At 30 June 2024 26,512
AMORTISATION
At 1 July 2023 8,137
Amortisation for year 4,229
At 30 June 2024 12,366
NET BOOK VALUE

At 30 June 2024 14,146
At 30 June 2023 13,999

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 194,767
Additions 7,014
At 30 June 2024 201,781
DEPRECIATION
At 1 July 2023 71,003
Charge for year 46,851
At 30 June 2024 117,854
NET BOOK VALUE
At 30 June 2024 83,927
At 30 June 2023 123,764