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Company Registration No. 9307003 (England and Wales)
M X Construction Limited Unaudited accounts for the year ended 30 November 2024
M X Construction Limited Unaudited accounts Contents
Page
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M X Construction Limited Company Information for the year ended 30 November 2024
Directors
Xhevdet Lala Bernard Francis Brennan
Company Number
9307003 (England and Wales)
Registered Office
Congress House 14 Lyon Road Harrow HA1 2EN
Accountants
Evolve Accounting and Tax Solutions Ltd Congress House 14 Lyon Road Harrow Middlesex HA1 2EN
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M X Construction Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
576,124 
336,088 
Current assets
Inventories
57,538 
27,185 
Debtors
435,221 
312,858 
Cash at bank and in hand
273,017 
227,939 
765,776 
567,982 
Creditors: amounts falling due within one year
(639,508)
(398,562)
Net current assets
126,268 
169,420 
Total assets less current liabilities
702,392 
505,508 
Creditors: amounts falling due after more than one year
(64,721)
(12,811)
Provisions for liabilities
Deferred tax
(139,214)
(84,022)
Net assets
498,457 
408,675 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
498,455 
408,673 
Shareholders' funds
498,457 
408,675 
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2025 and were signed on its behalf by
Bernard Francis Brennan Director Company Registration No. 9307003
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M X Construction Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
M X Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 9307003. The registered office is Congress House, 14 Lyon Road, Harrow, HA1 2EN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance method
Motor vehicles
25% reducing balance method
Fixtures & fittings
25% reducing balance method
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Hire purchase contracts policy
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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M X Construction Limited Notes to the Accounts for the year ended 30 November 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2023
284,262 
95,300 
6,029 
385,591 
Additions
276,153 
39,160 
2,540 
317,853 
Disposals
- 
(9,900)
- 
(9,900)
At 30 November 2024
560,415 
124,560 
8,569 
693,544 
Depreciation
At 1 December 2023
26,653 
19,792 
3,058 
49,503 
Charge for the year
54,899 
16,891 
1,038 
72,828 
On disposals
- 
(4,911)
- 
(4,911)
At 30 November 2024
81,552 
31,772 
4,096 
117,420 
Net book value
At 30 November 2024
478,863 
92,788 
4,473 
576,124 
At 30 November 2023
257,609 
75,508 
2,971 
336,088 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
60,130 
63,076 
Trade debtors
529 
64,502 
Accrued income and prepayments
295,321 
161,990 
Other debtors
79,241 
23,290 
435,221 
312,858 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
70,088 
36,781 
Trade creditors
524,779 
335,322 
Taxes and social security
12,527 
16,298 
Other creditors
6,181 
1,467 
Loans from directors
19,804 
5,694 
Accruals
6,129 
3,000 
639,508 
398,562 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
64,721 
12,811 
8
Transactions with related parties
A loan was made to M X Homes a company under common control. This loan is unsecured, interest-free and repayable on demand. The balance at 30 November 2024 was £790 (2023: £765)
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M X Construction Limited Notes to the Accounts for the year ended 30 November 2024
9
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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