MAXWELLS SERVICES CORPORATION(MSC) CIC

Company limited by guarantee

Company Registration Number:
13881066 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2023

Period of accounts

Start date: 31 January 2022

End date: 31 January 2023

MAXWELLS SERVICES CORPORATION(MSC) CIC

Contents of the Financial Statements

for the Period Ended 31 January 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

MAXWELLS SERVICES CORPORATION(MSC) CIC

Directors' report period ended 31 January 2023

The directors present their report with the financial statements of the company for the period ended 31 January 2023

Principal activities of the company

The principal activity of the organisation is to support the learning of the youth in the local area



Directors

The director shown below has held office during the whole of the period from
31 January 2022 to 31 January 2023

Maxwell Danquah


The director shown below has held office during the period of
15 March 2022 to 31 January 2023

Maxwell Danquah


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
31 May 2023

And signed on behalf of the board by:
Name: Maxwell Danquah
Status: Director

MAXWELLS SERVICES CORPORATION(MSC) CIC

Balance sheet

As at 31 January 2023

Notes 2023


£
Fixed assets
Intangible assets: 3 300
Tangible assets: 4 1,500
Investments:   0
Total fixed assets: 1,800
Current assets
Stocks: 5 500
Debtors: 6 700
Cash at bank and in hand: 1,000
Investments: 7 300
Total current assets: 2,500
Prepayments and accrued income: 400
Creditors: amounts falling due within one year:   0
Net current assets (liabilities): 2,900
Total assets less current liabilities: 4,700
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: ( 150 )
Accruals and deferred income: 0
Total net assets (liabilities): 4,550
Members' funds
Profit and loss account: 4,550
Total members' funds: 4,550

The notes form part of these financial statements

MAXWELLS SERVICES CORPORATION(MSC) CIC

Balance sheet statements

For the year ending 31 January 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 31 May 2023
and signed on behalf of the board by:

Name: Maxwell Danquah
Status: Director

The notes form part of these financial statements

MAXWELLS SERVICES CORPORATION(MSC) CIC

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MAXWELLS SERVICES CORPORATION(MSC) CIC

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 2. Employees

    2023
    Average number of employees during the period 2

    we have volunteers, not employees

MAXWELLS SERVICES CORPORATION(MSC) CIC

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
Additions 300 0 300
Disposals
Revaluations
Transfers
At 31 January 2023 300 0 300
Amortisation
Charge for year
On disposals
Other adjustments
At 31 January 2023
Net book value
At 31 January 2023 300 0 300

MAXWELLS SERVICES CORPORATION(MSC) CIC

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 1,000 500 1,500
Disposals
Revaluations
Transfers
At 31 January 2023 1,000 500 1,500
Depreciation
Charge for year
On disposals
Other adjustments
At 31 January 2023
Net book value
At 31 January 2023 1,000 500 1,500

MAXWELLS SERVICES CORPORATION(MSC) CIC

Notes to the Financial Statements

for the Period Ended 31 January 2023

5. Stocks

2023
£
Stocks 500
Total 500

MAXWELLS SERVICES CORPORATION(MSC) CIC

Notes to the Financial Statements

for the Period Ended 31 January 2023

6. Debtors

2023
£
Trade debtors 700
Prepayments and accrued income 0
Other debtors 0
Total 700
Debtors due after more than one year: 0

MAXWELLS SERVICES CORPORATION(MSC) CIC

Notes to the Financial Statements

for the Period Ended 31 January 2023

7. Current assets investments note

There is no debts on the assets

COMMUNITY INTEREST ANNUAL REPORT

MAXWELLS SERVICES CORPORATION(MSC) CIC

Company Number: 13881066 (England and Wales)

Year Ending: 31 January 2023

Company activities and impact

The company has supported the learning of 15 youths in the local area, regarding their educational choices, and coursework completion activities.It also provided guidance to parents regarding future career choices based on the current study paths of their children.

Consultation with stakeholders

The corporation met with parents, church leaders, students, and volunteers to discuss and share ideas on the corporation's activities and benefits.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
31 May 2023

And signed on behalf of the board by:
Name: Maxwell Danquah
Status: Director