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REGISTERED NUMBER: 05671351 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

MAXUM HOMES LTD
TRADING AS
KC RENOVATION TREATMENTS

MAXUM HOMES LTD (REGISTERED NUMBER: 05671351)
TRADING AS KC RENOVATION TREATMENTS






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAXUM HOMES LTD
TRADING AS KC RENOVATION TREATMENTS

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: S Hawthorn
Mrs J Ferris
D Hawthorn





REGISTERED OFFICE: Twin View
Ludgvan
Penzance
Cornwall
TR20 8AJ





REGISTERED NUMBER: 05671351 (England and Wales)





ACCOUNTANTS: Hawthorn Carter
6 Penpol Road
Hayle
Cornwall
TR27 4AD

MAXUM HOMES LTD (REGISTERED NUMBER: 05671351)
TRADING AS KC RENOVATION TREATMENTS

BALANCE SHEET
31 DECEMBER 2022

31/12/22 31/12/21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 100,765 97,457
100,765 97,457

CURRENT ASSETS
Stocks 6 25,288 25,288
Debtors 7 42,558 59,912
Cash at bank 66,483 48,516
134,329 133,716
CREDITORS
Amounts falling due within one year 8 60,681 66,927
NET CURRENT ASSETS 73,648 66,789
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,413

164,246

CREDITORS
Amounts falling due after more than one
year

9

140,755

149,420
NET ASSETS 33,658 14,826

CAPITAL AND RESERVES
Called up share capital 10 3 3
Retained earnings 33,655 14,823
SHAREHOLDERS' FUNDS 33,658 14,826

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

MAXUM HOMES LTD (REGISTERED NUMBER: 05671351)
TRADING AS KC RENOVATION TREATMENTS

BALANCE SHEET - continued
31 DECEMBER 2022


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 29 September 2023 and were signed on its behalf by:




S Hawthorn - Director



Mrs J Ferris - Director


MAXUM HOMES LTD (REGISTERED NUMBER: 05671351)
TRADING AS KC RENOVATION TREATMENTS

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Maxum Homes Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of two years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - not provided
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 15% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


MAXUM HOMES LTD (REGISTERED NUMBER: 05671351)
TRADING AS KC RENOVATION TREATMENTS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2021 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 31 December 2022 11,000
AMORTISATION
At 1 January 2022
and 31 December 2022 11,000
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 -

MAXUM HOMES LTD (REGISTERED NUMBER: 05671351)
TRADING AS KC RENOVATION TREATMENTS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2022 30,000 127,947 1,270 119,506 278,723
Additions - 11,995 633 6,000 18,628
At 31 December 2022 30,000 139,942 1,903 125,506 297,351
DEPRECIATION
At 1 January 2022 - 92,759 941 87,566 181,266
Charge for year - 9,437 192 5,691 15,320
At 31 December 2022 - 102,196 1,133 93,257 196,586
NET BOOK VALUE
At 31 December 2022 30,000 37,746 770 32,249 100,765
At 31 December 2021 30,000 35,188 329 31,940 97,457

6. STOCKS
31/12/22 31/12/21
£    £   
Stocks 1,500 1,500
Work-in-progress 23,788 23,788
25,288 25,288

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/22 31/12/21
£    £   
Trade debtors 42,558 59,912

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/22 31/12/21
£    £   
Bank loans and overdrafts 11,160 11,160
Trade creditors 12,169 12,035
Tax 6,443 3,967
Social security and other taxes 2,020 2,606
VAT 8,914 3,972
Credit card 18,460 16,447
Directors' current accounts - 16,740
Accrued expenses 1,515 -
60,681 66,927

MAXUM HOMES LTD (REGISTERED NUMBER: 05671351)
TRADING AS KC RENOVATION TREATMENTS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/22 31/12/21
£    £   
Bank loans - 1-2 years 23,007 33,007
Directors' loan accounts 117,748 116,413
140,755 149,420

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/22 31/12/21
value: £    £   
3 Ordinary £1 3 3