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REGISTERED NUMBER: 04337420 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

MAXFIELD KADLUBOWSKI GROUP LIMITED

MAXFIELD KADLUBOWSKI GROUP LIMITED (REGISTERED NUMBER: 04337420)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAXFIELD KADLUBOWSKI GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: J Muthiah
S Dawett





REGISTERED OFFICE: Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN





REGISTERED NUMBER: 04337420 (England and Wales)





ACCOUNTANTS: John Williams & Co
Chartered Certified Accountants
Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN

MAXFIELD KADLUBOWSKI GROUP LIMITED (REGISTERED NUMBER: 04337420)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 55,381 68,364

CURRENT ASSETS
Stocks 5 799,706 942,702
Debtors 6 252,350 193,525
Cash at bank 521,348 708,415
1,573,404 1,844,642
CREDITORS
Amounts falling due within one year 7 1,007,638 850,329
NET CURRENT ASSETS 565,766 994,313
TOTAL ASSETS LESS CURRENT
LIABILITIES

621,147

1,062,677

CREDITORS
Amounts falling due after more than one year 8 - (173,334 )

PROVISIONS FOR LIABILITIES 12 (10,522 ) (12,989 )
NET ASSETS 610,625 876,354

CAPITAL AND RESERVES
Called up share capital 13 40,050 40,050
Capital redemption reserve 14 40,050 40,050
Retained earnings 14 530,525 796,254
SHAREHOLDERS' FUNDS 610,625 876,354

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MAXFIELD KADLUBOWSKI GROUP LIMITED (REGISTERED NUMBER: 04337420)

BALANCE SHEET - continued
31 DECEMBER 2021


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 Board of Directors and authorised for issue on 28 August 2022 and were signed on its behalf by:




J Muthiah - Director



S Dawett - Director


MAXFIELD KADLUBOWSKI GROUP LIMITED (REGISTERED NUMBER: 04337420)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Maxfield Kadlubowski Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover represents the invoiced value of sales and work done, excluding value added tax.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Over the length of the lease
Improvements to property - Over the length of the lease
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2020 - 32 ) .

MAXFIELD KADLUBOWSKI GROUP LIMITED (REGISTERED NUMBER: 04337420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 January 2021
and 31 December 2021 2,887 75,859 72,052
DEPRECIATION
At 1 January 2021 2,887 47,749 45,535
Charge for year - 6,943 3,979
At 31 December 2021 2,887 54,692 49,514
NET BOOK VALUE
At 31 December 2021 - 21,167 22,538
At 31 December 2020 - 28,110 26,517

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2021
and 31 December 2021 31,354 12,500 2,726 197,378
DEPRECIATION
At 1 January 2021 17,617 12,500 2,726 129,014
Charge for year 2,061 - - 12,983
At 31 December 2021 19,678 12,500 2,726 141,997
NET BOOK VALUE
At 31 December 2021 11,676 - - 55,381
At 31 December 2020 13,737 - - 68,364

5. STOCKS
2021 2020
£    £   
Stocks 799,706 942,702

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 38,410 59,638
Other debtors 190,000 109,267
Prepayments 23,940 24,620
252,350 193,525

MAXFIELD KADLUBOWSKI GROUP LIMITED (REGISTERED NUMBER: 04337420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts (see note 9) - 26,667
Trade creditors 231,107 297,396
Tax 71,004 81,200
Social security and other taxes 23,578 21,212
VAT 130,512 192,137
Other creditors 212,937 183,767
Directors' current accounts 300,000 5,000
Accrued expenses 38,500 42,950
1,007,638 850,329

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans (see note 9) - 173,334

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 13,334

9. LOANS

An analysis of the maturity of loans is given below:

2021 2020
£    £   
Amounts falling due within one year or on demand:
Bank loans - 26,667

Amounts falling due between one and two years:
Bank loans - 1-2 years - 40,000

Amounts falling due between two and five years:
Bank loans - 2-5 years - 120,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 13,334

MAXFIELD KADLUBOWSKI GROUP LIMITED (REGISTERED NUMBER: 04337420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2021 2020
£    £   
Within one year 126,000 126,000
Between one and five years 151,500 241,500
277,500 367,500

11. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Bank loans - 200,001

12. PROVISIONS FOR LIABILITIES
2021 2020
£    £   
Deferred tax 10,522 12,989

Deferred
tax
£   
Balance at 1 January 2021 12,989
accelerated capital allowance (2,467 )
Balance at 31 December 2021 10,522

13. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
40,500 Ordinary shares £1 40,050 40,050

14. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 January 2021 796,254 40,050 836,304
Profit for the year 300,271 300,271
Dividends (566,000 ) (566,000 )
At 31 December 2021 530,525 40,050 570,575

MAXFIELD KADLUBOWSKI GROUP LIMITED (REGISTERED NUMBER: 04337420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

15. RELATED PARTY DISCLOSURES

PSG 3000 Ltd
The parent company

During the year the company distributed dividends of £566,000 (2020: £98,000) to PSG 3000 Limited.

2021 2020
£ £
Amount due (to)/from related party at the balance sheet date. 190,000 80,000

16. ULTIMATE CONTROLLING PARTY

The ultimate parent company is PSG 3000 Ltd.

The ultimate controlling parties are:
Mr J Muthiah
Mr S Dawett