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REGISTERED NUMBER: 10613488 (England and Wales)


















Maxwell Melia Academy Limited

Unaudited Financial Statements for the Year Ended 28 February 2023






Maxwell Melia Academy Limited (Registered number: 10613488)






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


Maxwell Melia Academy Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Miss E B Schofield





REGISTERED OFFICE: 57 Eafield Avenue
Milnrow
Rochdale
Lancashire
OL16 3UN





REGISTERED NUMBER: 10613488 (England and Wales)





ACCOUNTANTS: Carter Collins & Myer Limited
Chichester House
2 Chichester Street
Rochdale
Lancashire
OL16 2AX

Maxwell Melia Academy Limited (Registered number: 10613488)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,251 1,670
Investments 5 80,000 -
81,251 1,670

CURRENT ASSETS
Stocks 17,756 -
Debtors 6 2,199 4,642
Cash at bank 41,540 176,744
61,495 181,386
CREDITORS
Amounts falling due within one year 7 15,793 43,344
NET CURRENT ASSETS 45,702 138,042
TOTAL ASSETS LESS CURRENT LIABILITIES 126,953 139,712

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 126,952 139,711
SHAREHOLDERS' FUNDS 126,953 139,712

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 director acknowledges her 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 23 November 2023 and were signed by:





Miss E B Schofield - Director


Maxwell Melia Academy Limited (Registered number: 10613488)

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

1. STATUTORY INFORMATION

Maxwell Melia Academy 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 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.
Computer equipment - 25% on reducing balance

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.

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 NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2022
and 28 February 2023 3,309
DEPRECIATION
At 1 March 2022 1,639
Charge for year 419
At 28 February 2023 2,058
NET BOOK VALUE
At 28 February 2023 1,251
At 28 February 2022 1,670

Maxwell Melia Academy Limited (Registered number: 10613488)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 80,000
At 28 February 2023 80,000
NET BOOK VALUE
At 28 February 2023 80,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 2,199 4,642

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Tax 1,122 12,544
VAT 7,785 6,501
Credit Card 4,493 -
Directors' current accounts 1,543 23,449
Accrued expenses 850 850
15,793 43,344

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary 1p 1 1

9. RESERVES
Retained
earnings
£   

At 1 March 2022 139,711
Profit for the year 4,241
Dividends (17,000 )
At 28 February 2023 126,952