REGISTERED NUMBER: 06772368 (England and Wales)

X-Ray Mineral Services Ltd.

Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Dr T J Pearce

Ms V Ridge

REGISTERED OFFICE:

1 Claughton Road

Colwyn Bay

Conwy

LL29 7EF

REGISTERED NUMBER:

06772368 (England and Wales)

AUDITORS:

Pritchett & Co Business Advisers Limited

Chartered Accountants and Statutory Auditors

16 Wynnstay Road

Colwyn Bay

Conwy

LL29 8NB

FIXED ASSETS

Intangible assets

4

3

3

Tangible assets

5

51,671

73,012

51,674

73,015

CURRENT ASSETS

Debtors

6

386,889

458,937

Cash at bank and in hand

23,271

96,554

410,160

555,491

CREDITORS

Amounts falling due within one year

7

245,467

307,190

NET CURRENT ASSETS

164,693

248,301

TOTAL ASSETS LESS CURRENT LIABILITIES

216,367

321,316

CAPITAL AND RESERVES

Called up share capital

9

10

10

Retained earnings

216,357

321,306

SHAREHOLDERS' FUNDS

216,367

321,316

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 29 September 2025 and were signed on its behalf by:

Dr T J Pearce - Director

1.	STATUTORY INFORMATION

X-Ray Mineral Services 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.

Long leasehold

-

25% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

3

NET BOOK VALUE

At 31 December 2024

3

At 31 December 2023

3

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

59,984

468,012

5,223

29,367

562,586

DEPRECIATION

At 1 January 2024

59,984

401,609

4,850

23,131

489,574

Charge for year

-

18,363

307

2,671

21,341

At 31 December 2024

59,984

419,972

5,157

25,802

510,915

NET BOOK VALUE

At 31 December 2024

-

48,040

66

3,565

51,671

At 31 December 2023

-

66,403

373

6,236

73,012

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

65,125

202,064

Amounts owed by group undertakings

253,639

189,343

Amounts owed by participating interests

42,700

-

Other debtors

25,425

67,530

386,889

458,937

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade creditors

17,196

9,054

Amounts owed to group undertakings

173,500

243,912

Taxation and social security

27,780

20,772

Other creditors

26,991

33,452

245,467

307,190

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/12/24

31/12/23

£

£

Within one year

11,000

11,000

Between one and five years

43,033

44,000

In more than five years

-

10,033

54,033

65,033

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/24

31/12/23

value:

£

£

8

Ordinary A shares

£1

8

8

2

Ordinary B shares

£1

2

2

10

10

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Morris (Senior Statutory Auditor)

for and on behalf Pritchett & Co Business Advisers Limited

11.	SECURED LIABILITIES

In the accounts of the parent company, Hafren Scientific Ltd, there is a loan with the Development Bank of Wales which is secured against X-Ray Mineral Services Ltd. The loan is secured by a fixed and floating charge over the assets and undertakings of Chemostrat Limited, Origin Analytical Limited and Hafren Scientific Limited.

12.	ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent company is Hafren Scientific Ltd, a company incorporated in England and Wales.

The ultimate controlling party is Dr TJ Pearce, being the majority shareholder of Hafren Scientific Ltd.

Hafren Scientific Ltd is the smallest and largest company for which consolidated accounts including X-Ray Mineral Services Limited are prepared. The consolidated accounts of Hafren Scientific Ltd are available from its registered office, Unit 1 Ravenscroft Court, Buttington Cross Enterprise Park, Welshpool, Powys, SY21 8SL.