Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 05716289 Mr Malcolm Harrison Mrs Madeleine Harrison iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05716289 2023-12-31 05716289 2024-12-31 05716289 2024-01-01 2024-12-31 05716289 frs-core:CurrentFinancialInstruments 2024-12-31 05716289 frs-core:ComputerEquipment 2024-12-31 05716289 frs-core:ComputerEquipment 2024-01-01 2024-12-31 05716289 frs-core:ComputerEquipment 2023-12-31 05716289 frs-core:PlantMachinery 2024-12-31 05716289 frs-core:PlantMachinery 2024-01-01 2024-12-31 05716289 frs-core:PlantMachinery 2023-12-31 05716289 frs-core:ShareCapital 2024-12-31 05716289 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05716289 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05716289 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05716289 frs-bus:SmallEntities 2024-01-01 2024-12-31 05716289 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05716289 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05716289 frs-bus:Director1 2024-01-01 2024-12-31 05716289 frs-bus:Director1 2023-12-31 05716289 frs-bus:Director1 2024-12-31 05716289 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 05716289 frs-countries:EnglandWales 2024-01-01 2024-12-31 05716289 2022-12-31 05716289 2023-12-31 05716289 2023-01-01 2023-12-31 05716289 frs-core:CurrentFinancialInstruments 2023-12-31 05716289 frs-core:ShareCapital 2023-12-31 05716289 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 05716289
MTEX (UK) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
JNB Accountancy Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05716289
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 86 115
86 115
CURRENT ASSETS
Stocks 5 21,993 23,187
Debtors 6 17,409 10,464
Cash at bank and in hand 141 9,505
39,543 43,156
Creditors: Amounts Falling Due Within One Year 7 (45,063 ) (38,373 )
NET CURRENT ASSETS (LIABILITIES) (5,520 ) 4,783
TOTAL ASSETS LESS CURRENT LIABILITIES (5,434 ) 4,898
PROVISIONS FOR LIABILITIES
Deferred Taxation (52 ) (52 )
NET (LIABILITIES)/ASSETS (5,486 ) 4,846
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (5,487 ) 4,845
SHAREHOLDERS' FUNDS (5,486) 4,846
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Malcolm Harrison
Director
17/09/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MTEX (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05716289 . The registered office is 27 Forest Drive, Lytham St Annes, FY8 4QF.
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% Reducing balance
Computer Equipment 33% Straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 2,672 467 3,139
As at 31 December 2024 2,672 467 3,139
...CONTINUED
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Page 4
Depreciation
As at 1 January 2024 2,557 467 3,024
Provided during the period 29 - 29
As at 31 December 2024 2,586 467 3,053
Net Book Value
As at 31 December 2024 86 - 86
As at 1 January 2024 115 - 115
5. Stocks
2024 2023
£ £
Stock 21,993 23,187
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 17,409 10,464
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 21,202 30,735
Bank loans and overdrafts 2,328 -
Other creditors 18,972 3,481
Taxation and social security 2,561 4,157
45,063 38,373
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Other Creditors are the following loans from directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Malcolm Harrison 2,631 (26,135 ) 41,626 - 18,122
The above loan is unsecured, interest free and repayable on demand.
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