Madexa Environmental Risk Solutions Ltd. - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09761633 (England and Wales)

MADEXA ENVIRONMENTAL RISK SOLUTIONS LTD.

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

G Cunliffe

REGISTERED OFFICE:

Worksop Turbine Shireoaks Triangle

Business Park, Coach Close

Worksop

Nottinghamshire

S81 8AP

REGISTERED NUMBER:

09761633 (England and Wales)

ACCOUNTANTS:

DTE Business Advisers Limited

The Exchange

5 Bank Street

Bury

Lancashire

BL9 0DN

FIXED ASSETS

Property, plant and equipment

4

4,017

1,593

CURRENT ASSETS

Debtors

5

36,748

39,696

Cash at bank

93,247

83,486

129,995

123,182

CREDITORS

Amounts falling due within one year

6

(40,587

)

(34,388

)

NET CURRENT ASSETS

89,408

88,794

TOTAL ASSETS LESS CURRENT LIABILITIES

93,425

90,387

CREDITORS

Amounts falling due after more than one year

7

(17,998

)

(25,197

)

PROVISIONS FOR LIABILITIES

(763

)

(303

)

NET ASSETS

74,664

64,887

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

74,564

64,787

74,664

64,887

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 February 2024 and were signed by:

G Cunliffe - Director

1.	STATUTORY INFORMATION

Madexa Environmental Risk Solutions Ltd. is a private company, limited by shares, registered in England and Wales. The company's registered number is 09761633 and the company's registered office address is Worksop Turbine Shireoaks Triangle Business Park, Coach Close, Worksop, Nottinghamshire, England, S81 8AP.

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 historical cost convention.

The director is satisfied that the company is a going concern and that the financial statements are correctly prepared on this basis.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates.

The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The estimates and assumptions which have a significant risk of causing material adjustment to the carrying amount of assets and liabilities are outlined below.

Estimating the useful economic life of an asset and the anticipated residual value are considered key judgements in calculating an appropriate depreciation charge.

Revenue

Revenue represents the aggregate of the fair value of services provided, net of value added tax, rebates and discounts. Revenue is recognised as follows:

Service revenue is recognised as those services are provided to customers.

Property, plant and equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the change arises.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans from related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Dividends

Equity dividends are recognised when they become legally payable and are no longer at the discretion of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 October 2022

4,380

Additions

4,265

At 30 September 2023

8,645

DEPRECIATION

At 1 October 2022

2,787

Charge for year

1,841

At 30 September 2023

4,628

NET BOOK VALUE

At 30 September 2023

4,017

At 30 September 2022

1,593

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

33,767

38,607

Other debtors

2,981

1,089

36,748

39,696

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

7,200

7,200

Trade creditors

2,669

1,160

Taxation and social security

24,268

21,401

Other creditors

6,450

4,627

40,587

34,388

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

17,998

25,197