Acorah Software Products - Accounts Production 16.4.660 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 08729729 Mr Neil Irwin Mr Paul Irwin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08729729 2023-10-31 08729729 2024-10-31 08729729 2023-11-01 2024-10-31 08729729 frs-core:CurrentFinancialInstruments 2024-10-31 08729729 frs-core:ComputerEquipment 2024-10-31 08729729 frs-core:ComputerEquipment 2023-11-01 2024-10-31 08729729 frs-core:ComputerEquipment 2023-10-31 08729729 frs-core:FurnitureFittings 2024-10-31 08729729 frs-core:FurnitureFittings 2023-11-01 2024-10-31 08729729 frs-core:FurnitureFittings 2023-10-31 08729729 frs-core:PlantMachinery 2024-10-31 08729729 frs-core:PlantMachinery 2023-11-01 2024-10-31 08729729 frs-core:PlantMachinery 2023-10-31 08729729 frs-core:ShareCapital 2024-10-31 08729729 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 08729729 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 08729729 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 08729729 frs-bus:SmallEntities 2023-11-01 2024-10-31 08729729 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 08729729 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 08729729 frs-bus:Director1 2023-11-01 2024-10-31 08729729 frs-bus:Director2 2023-11-01 2024-10-31 08729729 frs-countries:EnglandWales 2023-11-01 2024-10-31 08729729 2022-10-31 08729729 2023-10-31 08729729 2022-11-01 2023-10-31 08729729 frs-core:CurrentFinancialInstruments 2023-10-31 08729729 frs-core:ShareCapital 2023-10-31 08729729 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 08729729
MX Nationals Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Panthera Limited
Chartered Management Accountants
The Manor
Main Street
Grove
Oxfordshire
OX12 7JJ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08729729
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,526 28,636
22,526 28,636
CURRENT ASSETS
Debtors 5 3,030 370
Cash at bank and in hand - 16,301
3,030 16,671
Creditors: Amounts Falling Due Within One Year 6 (87,080 ) (50,090 )
NET CURRENT ASSETS (LIABILITIES) (84,050 ) (33,419 )
TOTAL ASSETS LESS CURRENT LIABILITIES (61,524 ) (4,783 )
NET LIABILITIES (61,524 ) (4,783 )
CAPITAL AND RESERVES
Called up share capital 7 300 300
Profit and Loss Account (61,824 ) (5,083 )
SHAREHOLDERS' FUNDS (61,524) (4,783)
For the year ending 31 October 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Neil Irwin
Director
28/07/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
MX Nationals Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08729729 . The registered office is Rfx House, Challenge Way, Blackburn, Lancashire, BB1 5QB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 66,918 1,479 4,583 72,980
Additions 1,100 - 702 1,802
As at 31 October 2024 68,018 1,479 5,285 74,782
Depreciation
As at 1 November 2023 42,304 729 1,311 44,344
Provided during the period 6,297 370 1,245 7,912
As at 31 October 2024 48,601 1,099 2,556 52,256
Net Book Value
As at 31 October 2024 19,417 380 2,729 22,526
As at 1 November 2023 24,614 750 3,272 28,636
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,500 -
Prepayments and accrued income - 370
VAT 1,530 -
3,030 370
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Bank loans and overdrafts 9,367 151
VAT - 5,225
Directors' loan accounts 77,714 44,714
87,080 50,090
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
Page 3