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REGISTERED NUMBER: 08411592 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

H A Maxwell Limited

H A Maxwell Limited (Registered number: 08411592)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


H A Maxwell Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: H A Maxwell





REGISTERED OFFICE: 33 The Spinnings
Waterside Road
Summerseat
Bury
Lancashire
BL9 5QW





REGISTERED NUMBER: 08411592 (England and Wales)





ACCOUNTANTS: Versatile Accountancy Services Ltd
The Old Printworks
65 Church Street
Littleborough
Lancashire
OL15 8AB

H A Maxwell Limited (Registered number: 08411592)

Statement of Financial Position
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 10,252 10,089

CURRENT ASSETS
Debtors 5 71,938 76,099
Prepayments and accrued income 2,617 2,506
Cash at bank 45,496 23,857
120,051 102,462
CREDITORS
Amounts falling due within one year 6 76,808 61,343
NET CURRENT ASSETS 43,243 41,119
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,495

51,208

CREDITORS
Amounts falling due after more than
one year

7

(37,634

)

(48,333

)

PROVISIONS FOR LIABILITIES 8 (1,634 ) (1,533 )
NET ASSETS 14,227 1,342

H A Maxwell Limited (Registered number: 08411592)

Statement of Financial Position - continued
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 14,127 1,242
SHAREHOLDERS' FUNDS 14,227 1,342

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 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 21 November 2023 and were signed by:





H A Maxwell - Director


H A Maxwell Limited (Registered number: 08411592)

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

1. STATUTORY INFORMATION

H A Maxwell 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
Revenue 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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

H A Maxwell Limited (Registered number: 08411592)

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

2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
Website fittings equipment Totals
£    £    £    £   
COST
At 1 March 2022 1,380 9,585 8,331 19,296
Additions - - 1,838 1,838
At 28 February 2023 1,380 9,585 10,169 21,134
DEPRECIATION
At 1 March 2022 1,380 5,746 2,081 9,207
Charge for year - 576 1,099 1,675
At 28 February 2023 1,380 6,322 3,180 10,882
NET BOOK VALUE
At 28 February 2023 - 3,263 6,989 10,252
At 28 February 2022 - 3,839 6,250 10,089

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
28.2.23 28.2.22
£    £   
Trade debtors 68,286 61,210
Other debtors 3,652 3,652
Directors' loan accounts - 11,237
71,938 76,099

H A Maxwell Limited (Registered number: 08411592)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
28.2.23 28.2.22
£    £   
Trade creditors 21,671 36
Tax 48,116 57,815
Social security and other taxes 1,220 1,148
Other creditors 191 191
Directors' loan accounts 993 -
Accrued expenses 4,617 2,153
76,808 61,343

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans - 1-2 years 37,634 48,333

8. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 1,634 1,533

Deferred
tax
£   
Balance at 1 March 2022 1,533
Provided during year 101
Balance at 28 February 2023 1,634

H A Maxwell Limited (Registered number: 08411592)

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

9. RESERVES
Retained
earnings
£   

At 1 March 2022 1,242
Profit for the year 64,885
Dividends (52,000 )
At 28 February 2023 14,127

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
H A Maxwell
Balance outstanding at start of year 11,237 24,515
Amounts advanced 160,523 204,449
Amounts repaid (172,753 ) (217,727 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (993 ) 11,237