REGISTERED NUMBER: 10130687 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Max Routledge Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M J Q Routledge

REGISTERED OFFICE:

Paddock Woods

Petworth Road

Wormley

Godalming

Surrey

GU8 5TR

REGISTERED NUMBER:

10130687 (England and Wales)

ACCOUNTANTS:

Butler & Co Alresford Limited

Chartered Accountants

Bennett House

The Dean

Alresford

Hampshire

SO24 9BH

FIXED ASSETS

Tangible assets

4

199,838

177,126

CURRENT ASSETS

Stocks

5

215,186

141,143

Debtors

6

145,468

98,253

Cash at bank

44,520

503,537

405,174

742,933

CREDITORS

Amounts falling due within one year

7

438,274

548,467

NET CURRENT (LIABILITIES)/ASSETS

(33,100

)

194,466

TOTAL ASSETS LESS CURRENT LIABILITIES

166,738

371,592

PROVISIONS FOR LIABILITIES

8

34,626

29,159

NET ASSETS

132,112

342,433

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

132,012

342,333

132,112

342,433

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 5 September 2023 and were signed by:

M J Q Routledge - Director

1.	STATUTORY INFORMATION

Max Routledge 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.

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.

Tangible fixed assets

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

Plant and machinery

-

20% reducing balance basis

Fixtures and fittings

-

10% reducing balance basis

Computer equipment

-

20% reducing balance basis

Stocks

Stock has been valued at the lower of cost and net realisable value by the director.

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 3 (2022 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Plant and

and

Computer

improvements

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 May 2022

-

336,614

-

600

337,214

Additions

9,816

79,668

652

-

90,136

Disposals

-

(25,000

)

-

-

(25,000

)

At 30 April 2023

9,816

391,282

652

600

402,350

DEPRECIATION

At 1 May 2022

-

159,968

-

120

160,088

Charge for year

-

47,263

65

96

47,424

Eliminated on disposal

-

(5,000

)

-

-

(5,000

)

At 30 April 2023

-

202,231

65

216

202,512

NET BOOK VALUE

At 30 April 2023

9,816

189,051

587

384

199,838

At 30 April 2022

-

176,646

-

480

177,126

5.

STOCKS

2023

2022

£

£

Stocks

215,186

141,143

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

7,090

28,251

Other debtors

3,426

67,181

Tax

52,621

-

Accrued income

78,673

-

Prepayments

3,658

2,821

145,468

98,253

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

44,384

2,457

Tax

-

68,640

Social security and other taxes

789

327

Net wages

287

-

Pensions payable

(129

)

-

VAT

27,843

106,915

Other creditors

6,794

44,619

Directors' current accounts

356,456

324,109

Accrued expenses

1,850

1,400

438,274

548,467

8.	PROVISIONS FOR LIABILITIES

2023

2022

£

£

Deferred tax

34,626

29,159

Deferred

tax

£

Balance at 1 May 2022

29,159

Accelerated capital allowances

5,467

Balance at 30 April 2023

34,626

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 (2022 - £10,000) were paid to the director .

Mr M Routledge

A director and shareholder of the company

During the period under review the director provided a loan to the company. The loan was unsecured, interest free and repayable on demand, subject to the company having sufficient cash reserves. The balance outstanding at the year end was £356,456 (2022: £324,109).

Max Routledge Services Limited

A company in which Mr M Routledge is director and shareholder

At the balance sheet date the amount due to Max Routledge Services Limited was £6,794 (2022: £44,619).

10.	ULTIMATE CONTROLLING PARTY

The controlling party is M J Q Routledge.