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MAXS COFFEE SHOP LIMITED

Unaudited Financial Statements for the Year Ended 31 January 2023






MAXS COFFEE SHOP LIMITED (REGISTERED NUMBER: 10569089)

Contents of the Financial Statements
for the Year Ended 31 January 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAXS COFFEE SHOP LIMITED

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Mrs E K Cooper
A M Cooper





REGISTERED OFFICE: 88 Hill Village Road
Sutton Coldfield
West Midlands
B75 5BE





REGISTERED NUMBER: 10569089 (England and Wales)





ACCOUNTANTS: Haslehursts Limited
88 Hill Village Road
Sutton Coldfield
West Midlands
B75 5BE

MAXS COFFEE SHOP LIMITED (REGISTERED NUMBER: 10569089)

Balance Sheet
31 January 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 472 701

CURRENT ASSETS
Stocks 550 550
Debtors 6 3,375 4,688
Cash at bank 370 288
4,295 5,526
CREDITORS
Amounts falling due within one year 7 (6,858 ) (5,090 )
NET CURRENT (LIABILITIES)/ASSETS (2,563 ) 436
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,091

)

1,137

CREDITORS
Amounts falling due after more than one
year

8

(16,000

)

(16,000

)
NET LIABILITIES (18,091 ) (14,863 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (18,093 ) (14,865 )
SHAREHOLDERS' FUNDS (18,091 ) (14,863 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

MAXS COFFEE SHOP LIMITED (REGISTERED NUMBER: 10569089)

Balance Sheet - continued
31 January 2023


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 23 October 2023 and were signed on its behalf by:





Mrs E K Cooper - Director


MAXS COFFEE SHOP LIMITED (REGISTERED NUMBER: 10569089)

Notes to the Financial Statements
for the Year Ended 31 January 2023


1. STATUTORY INFORMATION

Maxs Coffee Shop 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts are prepared on the going concern basis on the assumption that the company's creditors, in particular the company's directors, continue to provide financial support to the company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable.

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 - 33% on cost
Fixtures and fittings - 33% 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.

MAXS COFFEE SHOP LIMITED (REGISTERED NUMBER: 10569089)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 4,020
Additions 182
At 31 January 2023 4,202
DEPRECIATION
At 1 February 2022 3,319
Charge for year 411
At 31 January 2023 3,730
NET BOOK VALUE
At 31 January 2023 472
At 31 January 2022 701

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,375 4,688

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,000 4,000
Taxation and social security (162 ) (53 )
Other creditors 3,020 1,143
6,858 5,090

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 16,000 16,000

MAXS COFFEE SHOP LIMITED (REGISTERED NUMBER: 10569089)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 A Ordinary 2p 1 1
50 B Ordinary 2p 1 1
2 2

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
A M Cooper and Mrs E K Cooper
Balance outstanding at start of year 1,314 -
Amounts advanced - 1,314
Amounts repaid (2,828 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,514 ) 1,314