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REGISTERED NUMBER: 06127089 (England and Wales)










Unaudited Financial Statements for the Year Ended 28 February 2023

for

NodeMax Limited

NodeMax Limited (Registered number: 06127089)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NodeMax Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: A J Turner
J O Turner





REGISTERED OFFICE: 75 Springfield Road
Chelmsford
Essex
CM2 6JB





REGISTERED NUMBER: 06127089 (England and Wales)





ACCOUNTANTS: NSO Associates LLP
75 Springfield Road
Chelmsford
Essex
CM2 6JB

NodeMax Limited (Registered number: 06127089)

Balance Sheet
28 February 2023

28.2.22 28.2.23
£    £    Notes £    £   
FIXED ASSETS
10,395 Tangible assets 4 26,777

CURRENT ASSETS
15,489 Debtors 5 10,421
323 Cash at bank 1,748
15,812 12,169
CREDITORS
118,983 Amounts falling due within one year 6 70,102
(103,171 ) NET CURRENT LIABILITIES (57,933 )
(92,776 ) TOTAL ASSETS LESS CURRENT
LIABILITIES

(31,156

)

CAPITAL AND RESERVES
180,000 Called up share capital 180,100
(272,776 ) Retained earnings (211,256 )
(92,776 ) SHAREHOLDERS' FUNDS (31,156 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 15 November 2023 and were signed on its behalf by:





A J Turner - Director


NodeMax Limited (Registered number: 06127089)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

NodeMax 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.

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.

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 etc - 25% on cost

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 3 (2022 - 2 ) .

NodeMax Limited (Registered number: 06127089)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 15,925
Additions 25,858
At 28 February 2023 41,783
DEPRECIATION
At 1 March 2022 5,530
Charge for year 9,476
At 28 February 2023 15,006
NET BOOK VALUE
At 28 February 2023 26,777
At 28 February 2022 10,395

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 2,039 4,067
Other debtors 8,382 11,422
10,421 15,489

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 20,000 20,080
Trade creditors 13,885 52,426
Taxation and social security 190 649
Other creditors 36,027 45,828
70,102 118,983

7. POST BALANCE SHEET EVENTS

There were no post balance sheet events which require being brought to the attention of the shareholders or creditors.

8. ULTIMATE CONTROLLING PARTY

The controlling party is A J Turner.

9. GOING CONCERN

At 28th February 2023 the company had a net deficiency of assets of £31,156 (2022 £92,776). The directors have undertaken to financially support the company until the situation has been fully redressed. It is therefore deemed appropriate to prepare the financial statements on the going concern basis.