Mayrex Limited - Accounts

Mayrex Limited
Contents Page
For the year ended 31 May 2025

Accountants' Report	1
Statement of Financial Position	2
Notes to the Financial Statements	3

Mayrex Limited Accountants' Report For the year ended 31 May 2025
Accountants' report on the unaudited financial statements to the directors of Mayrex Limited. In accordance with our terms of engagement and in order to assist you to fulfill your duties under the Companies Act 2006, we have compiled the financial statements of the company for the period ended period ended year ended 31 May 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and information and explanations you have given to us. This report is made to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors, as a body, for our work or for this report. You have acknowledged on the Balance Sheet as at period ended year ended 31 May 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the period. We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements. .................................................... Abbey & Co Associates Ltd 1st Floor, Abbey House 270-272 Lever Street Bolton BL3 6PD 29 May 2026 1

Mayrex Limited
Accountants' Report
For the year ended 31 May 2025

Accountants' report on the unaudited financial statements to the directors of Mayrex Limited.

In accordance with our terms of engagement and in order to assist you to fulfill your duties under the Companies Act 2006, we have compiled the financial statements of the company for the period ended period ended year ended 31 May 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors, as a body, for our work or for this report.

You have acknowledged on the Balance Sheet as at period ended year ended 31 May 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the period.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

....................................................

Abbey & Co Associates Ltd
1st Floor, Abbey House
270-272 Lever Street
Bolton
BL3 6PD
29 May 2026

1

Mayrex Limited
Statement of Financial Position
As at 31 May 2025

	2025 £	2024 £
Current assets
Stocks	194,413	147,658
Debtors	26,317	34,217
Cash at bank and in hand	4,728	19,848
	225,458	201,723
Creditors: amount falling due within one year	(204,481)	(167,027)
Net current assets	20,977	34,696

Total assets less current liabilities	20,977	34,696
Creditors: amount falling due after more than one year	-	(8,000)
Net assets	20,977	26,696

Capital and reserves
Called up share capital	786	786
Profit and loss account	20,191	25,910
Shareholders' funds	20,977	26,696

For the year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 29 May 2026 and were signed by:

-------------------------------
Yasin Jusab
Director

2

Mayrex Limited
Notes to the Abridged Financial Statements
For the year ended 31 May 2025

General Information

Mayrex Limited is a private company, limited by shares, registered in England & Northern Ireland, registration number 07904954, registration address Clyde Mill, Stewart Street, Bolton, Lancashire, BL1 3PA.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings	10% Reducing Balance
Computer Equipment	25% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 2 (2024 : 2).

3.

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Total
	£	£	£
At 01 June 2024	630	2,379	3,009
Additions	-	-	-
Disposals	-	-	-
At 31 May 2025	630	2,379	3,009
Depreciation
At 01 June 2024	630	2,379	3,009
Charge for year	-	-	-
On disposals	-	-	-
At 31 May 2025	630	2,379	3,009
Net book values
Closing balance as at 31 May 2025	-	-	-
Opening balance as at 01 June 2024	-	-	-

3

Registered Number: 07904954
England & Northern Ireland
MAYREX LIMITED

Abridged Accounts

Period of accounts Start date: 01 June 2024 End date: 31 May 2025