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Registered number: 12073989
MCXI Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
Smith Hannah Limited
Chartered Certified Accountants
50 Woodgate
Leicester
LE3 5GF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12073989
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 74,139 80,757
Investments - 1
74,139 80,758
CURRENT ASSETS
Debtors 5 137,099 13,415
Cash at bank and in hand 112,904 178,900
250,003 192,315
Creditors: Amounts Falling Due Within One Year 6 (79,186 ) (50,461 )
NET CURRENT ASSETS (LIABILITIES) 170,817 141,854
TOTAL ASSETS LESS CURRENT LIABILITIES 244,956 222,612
Creditors: Amounts Falling Due After More Than One Year 7 - (4,477 )
NET ASSETS 244,956 218,135
CAPITAL AND RESERVES
Called up share capital 101 101
Profit and Loss Account 244,855 218,034
SHAREHOLDERS' FUNDS 244,956 218,135
Page 1
Page 2
For the year ending 31 August 2025 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 Mark William Jolliffe
Director
28 August 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MCXI Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12073989 . The registered office is Lodge Farm, Broughton Astley, Leicester, Leicestershire, LE9 6RB.
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.
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:
Freehold No depreciation
Motor Vehicles 20% reducing balance
Fixtures & Fittings 15% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.4. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 11)
10 11
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 September 2024 43,813 34,495 23,243 101,551
As at 31 August 2025 43,813 34,495 23,243 101,551
Depreciation
As at 1 September 2024 - 12,946 7,848 20,794
Provided during the period - 4,309 2,309 6,618
As at 31 August 2025 - 17,255 10,157 27,412
Net Book Value
As at 31 August 2025 43,813 17,240 13,086 74,139
As at 1 September 2024 43,813 21,549 15,395 80,757
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 121,333 -
Other debtors 15,766 13,415
137,099 13,415
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Page 5
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 2,069 3,975
Taxation and social security 77,117 46,486
79,186 50,461
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors - 4,477
8. Ultimate Controlling Party
The company's ultimate controlling party is Mark W Jolliffe by virtue of his ownership of 100% of the issued share capital in the company.
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