2024-11-01 2025-10-31 2025-10-31 false 13692611 MTEX SERVICES LTD 2026-04-27 43220 false iso4217:GBP xbrli:pure 13692611 2024-10-31 13692611 2025-10-31 13692611 2024-11-01 2025-10-31 13692611 2023-10-31 13692611 2024-10-31 13692611 2023-11-01 2024-10-31 13692611 bus:SmallEntities 2024-11-01 2025-10-31 13692611 bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 13692611 bus:FullAccounts 2024-11-01 2025-10-31 13692611 bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 13692611 core:WithinOneYear 2025-10-31 13692611 core:AfterOneYear 2025-10-31 13692611 core:WithinOneYear 2024-10-31 13692611 core:AfterOneYear 2024-10-31 13692611 core:ShareCapital 2025-10-31 13692611 core:SharePremium 2025-10-31 13692611 core:RevaluationReserve 2025-10-31 13692611 core:OtherReservesSubtotal 2025-10-31 13692611 core:RetainedEarningsAccumulatedLosses 2025-10-31 13692611 core:ShareCapital 2024-10-31 13692611 core:SharePremium 2024-10-31 13692611 core:RevaluationReserve 2024-10-31 13692611 core:OtherReservesSubtotal 2024-10-31 13692611 core:RetainedEarningsAccumulatedLosses 2024-10-31 13692611 core:LandBuildings 2025-10-31 13692611 core:PlantMachinery 2025-10-31 13692611 core:Vehicles 2025-10-31 13692611 core:FurnitureFittings 2025-10-31 13692611 core:OfficeEquipment 2025-10-31 13692611 core:NetGoodwill 2025-10-31 13692611 core:IntangibleAssetsOtherThanGoodwill 2025-10-31 13692611 core:ListedExchangeTraded 2025-10-31 13692611 core:UnlistedNon-exchangeTraded 2025-10-31 13692611 core:LandBuildings 2024-10-31 13692611 core:PlantMachinery 2024-10-31 13692611 core:Vehicles 2024-10-31 13692611 core:FurnitureFittings 2024-10-31 13692611 core:OfficeEquipment 2024-10-31 13692611 core:NetGoodwill 2024-10-31 13692611 core:IntangibleAssetsOtherThanGoodwill 2024-10-31 13692611 core:ListedExchangeTraded 2024-10-31 13692611 core:UnlistedNon-exchangeTraded 2024-10-31 13692611 core:LandBuildings 2024-11-01 2025-10-31 13692611 core:PlantMachinery 2024-11-01 2025-10-31 13692611 core:Vehicles 2024-11-01 2025-10-31 13692611 core:FurnitureFittings 2024-11-01 2025-10-31 13692611 core:OfficeEquipment 2024-11-01 2025-10-31 13692611 core:NetGoodwill 2024-11-01 2025-10-31 13692611 core:IntangibleAssetsOtherThanGoodwill 2024-11-01 2025-10-31 13692611 core:ListedExchangeTraded 2024-11-01 2025-10-31 13692611 core:UnlistedNon-exchangeTraded 2024-11-01 2025-10-31 13692611 core:MoreThanFiveYears 2024-11-01 2025-10-31 13692611 core:Non-currentFinancialInstruments 2025-10-31 13692611 core:Non-currentFinancialInstruments 2024-10-31 13692611 dpl:CostSales 2024-11-01 2025-10-31 13692611 dpl:DistributionCosts 2024-11-01 2025-10-31 13692611 core:LandBuildings 2024-11-01 2025-10-31 13692611 core:PlantMachinery 2024-11-01 2025-10-31 13692611 core:Vehicles 2024-11-01 2025-10-31 13692611 core:FurnitureFittings 2024-11-01 2025-10-31 13692611 core:OfficeEquipment 2024-11-01 2025-10-31 13692611 dpl:AdministrativeExpenses 2024-11-01 2025-10-31 13692611 core:NetGoodwill 2024-11-01 2025-10-31 13692611 core:IntangibleAssetsOtherThanGoodwill 2024-11-01 2025-10-31 13692611 dpl:GroupUndertakings 2024-11-01 2025-10-31 13692611 dpl:ParticipatingInterests 2024-11-01 2025-10-31 13692611 dpl:GroupUndertakings core:ListedExchangeTraded 2024-11-01 2025-10-31 13692611 core:ListedExchangeTraded 2024-11-01 2025-10-31 13692611 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2024-11-01 2025-10-31 13692611 core:UnlistedNon-exchangeTraded 2024-11-01 2025-10-31 13692611 dpl:CostSales 2023-11-01 2024-10-31 13692611 dpl:DistributionCosts 2023-11-01 2024-10-31 13692611 core:LandBuildings 2023-11-01 2024-10-31 13692611 core:PlantMachinery 2023-11-01 2024-10-31 13692611 core:Vehicles 2023-11-01 2024-10-31 13692611 core:FurnitureFittings 2023-11-01 2024-10-31 13692611 core:OfficeEquipment 2023-11-01 2024-10-31 13692611 dpl:AdministrativeExpenses 2023-11-01 2024-10-31 13692611 core:NetGoodwill 2023-11-01 2024-10-31 13692611 core:IntangibleAssetsOtherThanGoodwill 2023-11-01 2024-10-31 13692611 dpl:GroupUndertakings 2023-11-01 2024-10-31 13692611 dpl:ParticipatingInterests 2023-11-01 2024-10-31 13692611 dpl:GroupUndertakings core:ListedExchangeTraded 2023-11-01 2024-10-31 13692611 core:ListedExchangeTraded 2023-11-01 2024-10-31 13692611 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2023-11-01 2024-10-31 13692611 core:UnlistedNon-exchangeTraded 2023-11-01 2024-10-31 13692611 core:NetGoodwill 2025-10-31 13692611 core:IntangibleAssetsOtherThanGoodwill 2025-10-31 13692611 core:LandBuildings 2025-10-31 13692611 core:PlantMachinery 2025-10-31 13692611 core:Vehicles 2025-10-31 13692611 core:FurnitureFittings 2025-10-31 13692611 core:OfficeEquipment 2025-10-31 13692611 core:AfterOneYear 2025-10-31 13692611 core:WithinOneYear 2025-10-31 13692611 core:ListedExchangeTraded 2025-10-31 13692611 core:UnlistedNon-exchangeTraded 2025-10-31 13692611 core:ShareCapital 2025-10-31 13692611 core:SharePremium 2025-10-31 13692611 core:RevaluationReserve 2025-10-31 13692611 core:OtherReservesSubtotal 2025-10-31 13692611 core:RetainedEarningsAccumulatedLosses 2025-10-31 13692611 core:NetGoodwill 2024-10-31 13692611 core:IntangibleAssetsOtherThanGoodwill 2024-10-31 13692611 core:LandBuildings 2024-10-31 13692611 core:PlantMachinery 2024-10-31 13692611 core:Vehicles 2024-10-31 13692611 core:FurnitureFittings 2024-10-31 13692611 core:OfficeEquipment 2024-10-31 13692611 core:AfterOneYear 2024-10-31 13692611 core:WithinOneYear 2024-10-31 13692611 core:ListedExchangeTraded 2024-10-31 13692611 core:UnlistedNon-exchangeTraded 2024-10-31 13692611 core:ShareCapital 2024-10-31 13692611 core:SharePremium 2024-10-31 13692611 core:RevaluationReserve 2024-10-31 13692611 core:OtherReservesSubtotal 2024-10-31 13692611 core:RetainedEarningsAccumulatedLosses 2024-10-31 13692611 core:NetGoodwill 2023-10-31 13692611 core:IntangibleAssetsOtherThanGoodwill 2023-10-31 13692611 core:LandBuildings 2023-10-31 13692611 core:PlantMachinery 2023-10-31 13692611 core:Vehicles 2023-10-31 13692611 core:FurnitureFittings 2023-10-31 13692611 core:OfficeEquipment 2023-10-31 13692611 core:AfterOneYear 2023-10-31 13692611 core:WithinOneYear 2023-10-31 13692611 core:ListedExchangeTraded 2023-10-31 13692611 core:UnlistedNon-exchangeTraded 2023-10-31 13692611 core:ShareCapital 2023-10-31 13692611 core:SharePremium 2023-10-31 13692611 core:RevaluationReserve 2023-10-31 13692611 core:OtherReservesSubtotal 2023-10-31 13692611 core:RetainedEarningsAccumulatedLosses 2023-10-31 13692611 core:AfterOneYear 2024-11-01 2025-10-31 13692611 core:WithinOneYear 2024-11-01 2025-10-31 13692611 core:Non-currentFinancialInstruments core:CostValuation 2024-11-01 2025-10-31 13692611 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2024-11-01 2025-10-31 13692611 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-11-01 2025-10-31 13692611 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2024-11-01 2025-10-31 13692611 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2024-11-01 2025-10-31 13692611 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2024-11-01 2025-10-31 13692611 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2024-11-01 2025-10-31 13692611 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2024-11-01 2025-10-31 13692611 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2024-11-01 2025-10-31 13692611 core:Non-currentFinancialInstruments core:CostValuation 2025-10-31 13692611 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2025-10-31 13692611 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2025-10-31 13692611 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2025-10-31 13692611 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2025-10-31 13692611 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2025-10-31 13692611 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2025-10-31 13692611 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2025-10-31 13692611 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2025-10-31 13692611 core:Non-currentFinancialInstruments core:CostValuation 2024-10-31 13692611 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2024-10-31 13692611 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-10-31 13692611 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2024-10-31 13692611 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2024-10-31 13692611 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2024-10-31 13692611 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2024-10-31 13692611 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2024-10-31 13692611 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2024-10-31 13692611 bus:Director1 2024-11-01 2025-10-31 13692611 bus:Director2 2024-11-01 2025-10-31

MTEX SERVICES LTD

Registered Number
13692611
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2025

MTEX SERVICES LTD
Company Information
for the year from 1 November 2024 to 31 October 2025

Directors | MACDONALD, Callum
| TEIXERIA, Antonio

Registered Address | 1 Gemini Court, 42a Throwley Way
| Sutton
| SM1 4AF

Registered Number | 13692611 (England and Wales)

MTEX SERVICES LTD
Statement of Financial Position
31 October 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 38,036 |  |  |  | 32,584
|  |  |  | 38,036 |  |  |  | 32,584
Current assets |  |  |  |  |  |  |  |
Stocks | 4 | 2,000 |  |  |  | - |  |
Debtors | 5 | 38,552 |  |  |  | 41,025 |  |
Cash at bank and on hand |  | 9,029 |  |  |  | 2,495 |  |
|  | 49,581 |  |  |  | 43,520 |  |
Creditors amounts falling due within one year | 6 | (57,866) |  |  |  | (53,102) |  |
Net current assets (liabilities) |  |  |  | (8,285) |  |  |  | (9,582)
Total assets less current liabilities |  |  |  | 29,751 |  |  |  | 23,002
Creditors amounts falling due after one year | 7 |  |  | (21,920) |  |  |  | (34,295)
Provisions for liabilities | 9 |  |  | (7,227) |  |  |  | (6,191)
Net assets |  |  |  | 604 |  |  |  | (17,484)
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 100 |  |  |  | 100
Profit and loss account |  |  |  | 504 |  |  |  | (17,584)
Shareholders' funds |  |  |  | 604 |  |  |  | (17,484)

- The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 27 April 2026, and are signed on its behalf by:
MACDONALD, Callum Director
TEIXERIA, Antonio Director Registered Company No. 13692611

MTEX SERVICES LTD
Notes to the Financial Statements
for the year ended 31 October 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

| Basis of preparation
--- | ---
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

| Functional and presentation currency
--- | ---
| The financial statements are presented in sterling and this is the functional currency of the company.

| Turnover policy
--- | ---
| Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

| Revenue from sale of goods
--- | ---
| Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

| Employee benefits
--- | ---
| Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

| Current taxation
--- | ---
| Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

| Deferred tax
--- | ---
| Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

| Tangible fixed assets and depreciation
--- | ---
| Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

|  | Reducing balance (%)
| Plant and machinery | 25
| Vehicles | 25
| Office Equipment | 25

| Finance leases and hire purchase contracts
--- | ---
| Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

| Stocks and work in progress
--- | ---
| Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

| Cash and cash equivalents
--- | ---
| Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 2 |  | 2

3. | Tangible fixed assets
--- | ---

|  | Plant & machinery |  | Vehicles |  | Office Equipment |  | Total
--- | --- | --- | --- | --- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
| Cost or valuation
| At 01 November 24 | 4,589 |  | 60,748 |  | 558 |  | 65,895
| Additions | - |  | 18,130 |  | - |  | 18,130
| At 31 October 25 | 4,589 |  | 78,878 |  | 558 |  | 84,025
| Depreciation and impairment
| At 01 November 24 | 2,367 |  | 30,621 |  | 323 |  | 33,311
| Charge for year | 555 |  | 12,064 |  | 59 |  | 12,678
| At 31 October 25 | 2,922 |  | 42,685 |  | 382 |  | 45,989
| Net book value
| At 31 October 25 | 1,667 |  | 36,193 |  | 176 |  | 38,036
| At 31 October 24 | 2,222 |  | 30,127 |  | 235 |  | 32,584

4. | Stocks
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Other stocks | 2,000 |  | -
| Total | 2,000 |  | -

5. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 23,615 |  | 20,820
| Other debtors | 8,481 |  | 5,654
| Prepayments and accrued income | 998 |  | 5,295
| Deferred tax asset, debtors | 5,458 |  | 9,256
| Total | 38,552 |  | 41,025

6. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 1,287 |  | 82
| Finance lease and HP contracts | 12,375 |  | 11,696
| Other creditors | 41,531 |  | 38,706
| Accrued liabilities and deferred income | 2,673 |  | 2,618
| Total | 57,866 |  | 53,102

7. | Creditors: amounts due after one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Other creditors | 21,920 |  | 34,295
| Total | 21,920 |  | 34,295

8. | Obligations under finance leases
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Finance lease and HP contracts | 34,295 |  | 45,991

9. | Provisions for liabilities
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Net deferred tax liability (asset) | 7,227 |  | 6,191
| Total | 7,227 |  | 6,191