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REGISTERED NUMBER: 06398264 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

MFX SOLUTIONS LIMITED

MFX SOLUTIONS LIMITED (REGISTERED NUMBER: 06398264)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MFX SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mr P D McCormack
Mrs J McCormack





SECRETARY: Mrs J McCormack





REGISTERED OFFICE: The Waggon House
Darley
Liskeard
Cornwall
PL14 5AS





REGISTERED NUMBER: 06398264 (England and Wales)





ACCOUNTANTS: Vernon Gosling Friday Limited
10 Beech Court
Wokingham Road
Hurst
Reading
Berkshire
RG10 0RQ

MFX SOLUTIONS LIMITED (REGISTERED NUMBER: 06398264)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,605 2,452

CURRENT ASSETS
Stocks 13,281 10,313
Debtors 5 296 292
Cash at bank and in hand 258,728 278,957
272,305 289,562
CREDITORS
Amounts falling due within one year 6 35,697 31,071
NET CURRENT ASSETS 236,608 258,491
TOTAL ASSETS LESS CURRENT
LIABILITIES

238,213

260,943

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 238,113 260,843
SHAREHOLDERS' FUNDS 238,213 260,943

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2025 and were signed on its behalf by:




Mr P D McCormack - Director


MFX SOLUTIONS LIMITED (REGISTERED NUMBER: 06398264)

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

1. STATUTORY INFORMATION

MFX Solutions 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 etc - 25% on reducing balance

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 to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 4,304
Disposals (667 )
At 31 October 2024 3,637
DEPRECIATION
At 1 November 2023 1,852
Charge for year 534
Eliminated on disposal (354 )
At 31 October 2024 2,032
NET BOOK VALUE
At 31 October 2024 1,605
At 31 October 2023 2,452

MFX SOLUTIONS LIMITED (REGISTERED NUMBER: 06398264)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 296 292

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 34,140 24,757
Other creditors 1,557 6,314
35,697 31,071