Registered number
10045245
Maxspray UK Limited
Unaudited Filleted Accounts
31 March 2023
Maxspray UK Limited
Registered number: 10045245
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 7,485 9,381
Current assets
Stocks 118 118
Debtors 4 - 5,860
Cash at bank and in hand 3,195 5,055
3,313 11,033
Creditors: amounts falling due within one year 5 (9,992) (15,574)
Net current liabilities (6,679) (4,541)
Total assets less current liabilities 806 4,840
Provisions for liabilities (1,422) (1,782)
Net (liabilities)/assets (616) 3,058
Capital and reserves
Called up share capital 3 3
Profit and loss account (619) 3,055
Shareholders' funds (616) 3,058
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R S King
Director
Approved by the board on 24 May 2023
Maxspray UK Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 15,353
At 31 March 2023 15,353
Depreciation
At 1 April 2022 5,972
Charge for the year 1,896
At 31 March 2023 7,868
Net book value
At 31 March 2023 7,485
At 31 March 2022 9,381
4 Debtors 2023 2022
£ £
Trade debtors - 5,860
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs - 383
Director's Loan Accounts 9,742 14,591
Other creditors 250 600
9,992 15,574
6 Other information
Maxspray UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
71-75 Shelton Street
London
WC2H 9JQ
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