REGISTERED NUMBER: 07349871 (England and Wales)

Report of the Director and

Financial Statements for the Year Ended 31 August 2024

for

Lexx Ltd

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

J D McRae

REGISTERED OFFICE:

5 Haworth Drive

Bootle

Liverpool

Merseyside

L20 6EJ

REGISTERED NUMBER:

07349871 (England and Wales)

ACCOUNTANTS:

M P Greaves Limited

Chartered Certified Accountants

74 Marmot Road

Liverpool

Merseyside

L37 6GB

The director presents his report with the financial statements of the company for the year ended 31 August 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of electrical inspection and installation.

DIRECTOR

J D McRae held office during the whole of the period from 1 September 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

J D McRae - Director

7 April 2025

TURNOVER

6,610

117,866

Cost of sales

5,092

5,143

GROSS PROFIT

1,518

112,723

Administrative expenses

24,354

34,524

OPERATING (LOSS)/PROFIT

4

(22,836

)

78,199

Interest payable and similar expenses

692

1,744

(LOSS)/PROFIT BEFORE TAXATION

(23,528

)

76,455

Tax on (loss)/profit

(4,771

)

15,276

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(18,757

)

61,179

FIXED ASSETS

Tangible assets

5

7,779

9,785

CURRENT ASSETS

Debtors

6

83,691

97,737

Cash at bank

2

1,165

83,693

98,902

CREDITORS

Amounts falling due within one year

7

20,339

18,797

NET CURRENT ASSETS

63,354

80,105

TOTAL ASSETS LESS CURRENT LIABILITIES

71,133

89,890

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

71,131

89,888

SHAREHOLDERS' FUNDS

71,133

89,890

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

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

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

The financial statements were approved by the director and authorised for issue on 7 April 2025 and were signed by:

J D McRae - Director

1.	STATUTORY INFORMATION

Lexx Ltd 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 etc

-

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	OPERATING (LOSS)/PROFIT

The operating loss (2023 - operating profit) is stated after charging:

31.8.24

31.8.23

£

£

Depreciation - owned assets

2,593

3,262

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2023

51,784

Additions

587

At 31 August 2024

52,371

DEPRECIATION

At 1 September 2023

41,999

Charge for year

2,593

At 31 August 2024

44,592

NET BOOK VALUE

At 31 August 2024

7,779

At 31 August 2023

9,785

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Trade debtors

-

14,130

Other debtors

83,691

83,607

83,691

97,737

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Bank loans and overdrafts

196

2,948

Trade creditors

504

-

Taxation and social security

3,896

15,314

Other creditors

15,743

535

20,339

18,797