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Company Registration No. 11283275 (England and Wales)
MXR WORKS LIMITED Unaudited accounts for the year ended 31 March 2025
MXR WORKS LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
MXR WORKS LIMITED Company Information for the year ended 31 March 2025
Directors
Matthew David Taylor Jake John Taylor Luke George Taylor
Company Number
11283275 (England and Wales)
Registered Office
MX RACING MAIN ROAD DONINGTON-ON-BAIN LOUTH LN11 9TJ ENGLAND
Accountants
Elliott Accountancy Services Ltd Rosemary Cottage Barkwith Road South Willingham Lincolnshire LN8 6NN
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MXR WORKS LIMITED Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
297,510 
309,857 
Current assets
Debtors
5
3,807 
87 
Cash at bank and in hand
78,054 
53,502 
81,861 
53,589 
Creditors: amounts falling due within one year
6
(28,491)
(22,148)
Net current assets
53,370 
31,441 
Total assets less current liabilities
350,880 
341,298 
Creditors: amounts falling due after more than one year
7
(115,044)
(137,223)
Net assets
235,836 
204,075 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
162,868 
162,868 
Profit and loss account
72,868 
41,107 
Shareholders' funds
235,836 
204,075 
For the year ending 31 March 2025 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 22 September 2025 and were signed on its behalf by
Matthew David Taylor Director Company Registration No. 11283275
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MXR WORKS LIMITED Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
MXR WORKS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11283275. The registered office is MX RACING MAIN ROAD, DONINGTON-ON-BAIN, LOUTH, LN11 9TJ, ENGLAND.
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
33% on cost
Motor vehicles
33% on cost
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2024
250,000 
104,308 
6,300 
360,608 
Additions
- 
16,746 
10,700 
27,446 
At 31 March 2025
250,000 
121,054 
17,000 
388,054 
Depreciation
At 1 April 2024
- 
44,451 
6,300 
50,751 
Charge for the year
- 
38,028 
1,765 
39,793 
At 31 March 2025
- 
82,479 
8,065 
90,544 
Net book value
At 31 March 2025
250,000 
38,575 
8,935 
297,510 
At 31 March 2024
250,000 
59,857 
- 
309,857 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,807 
87 
- 5 -
MXR WORKS LIMITED Notes to the Accounts for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
2,260 
- 
VAT
6,216 
797 
Trade creditors
7,010 
16,768 
Taxes and social security
13,005 
4,583 
28,491 
22,148 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
- 
16,179 
Loans from directors
115,044 
121,044 
115,044 
137,223 
8
Average number of employees
During the year the average number of employees was 4 (2024: 4).
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