Company registration number: 13470992
Annual report and unaudited financial statements
for the year ended 30 June 2025
for
MX1 Limited
Pages for filing with the Registrar
Company registration number: 13470992
MX1 Limited
Balance sheet
as at 30 June 2025
2025 2024
Note £ £ £ £
Current assets
Investments 485,654 485,654
Cash at bank and in hand 10,775 20,472
496,429 506,126
Creditors: amounts falling due within one year
4 (496,136) (541,996)
Net current assets/(liabilities) 293 (35,870)
NET ASSETS/(LIABILITIES) 293 (35,870)
Capital and reserves
Called up share capital 100 100
Profit and loss account 193 (35,970)
TOTAL EQUITY 293 (35,870)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 June 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 13470992
MX1 Limited
Balance sheet - continued
as at 30 June 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 15 September 2026 and signed on its behalf by:
Mr X Scipioni-Qureshi, Director
15 September 2026
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MX1 Limited
Notes to the financial statements
for the year ended 30 June 2025
1 Company information
MX1 Limited is a private company registered in England and Wales. Its registered number is 13470992. The company is limited by shares. Its registered office is C/O Ask Accountants, The Grainger Suite, Newcastle upon Tyne, Tyne and Wear, NE3 3PF.
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 historic cost convention.
Presentation currency
The company’s financial statements are presented in sterling.
Going concern
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.



3 Average number of employees
During the year the average number of employees was 2 (2024 - 2).
4 Creditors: amounts falling due within one year
2025 2024
£ £
Other creditors 493,616 540,676
Accruals and deferred income 2,520 1,320
496,136 541,996
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MX1 Limited
Notes to the financial statements - continued
for the year ended 30 June 2025
5 Prior year adjustment
In the 2022 financial year, investments had been understated in the financial statements.  It was identified that the acquisition of the shares in the company’s subsidiary had been incorrectly recorded in prior reporting periods. In the year ended 30 June 2024, investments was understated by £29,420. The directors of the company have therefore made a prior year adjustment to correct the material error. Opening retained earnings in the comparatives to these financial statements (i.e. at 1 July 2023) have been amended by £4,420.

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