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REGISTERED NUMBER: 10746909 (England and Wales)















MAXIM BUILDING LTD

Unaudited Financial Statements for the Year Ended 30 April 2023






MAXIM BUILDING LTD (REGISTERED NUMBER: 10746909)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAXIM BUILDING LTD

Company Information
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: M Jucan





REGISTERED OFFICE: 181a Kenton Road
Harrow
Middlesex
HA3 0EY





BUSINESS ADDRESS: 212 Headstone Lane
Harrow
Middlesex
HA2 6LY





REGISTERED NUMBER: 10746909 (England and Wales)





ACCOUNTANTS: AVI Group Accountants Ltd
Office 9
Dalton House
60 Windsor Avenue
London
SW19 2RR

MAXIM BUILDING LTD (REGISTERED NUMBER: 10746909)

Balance Sheet
30 APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 153,098 71,726

CURRENT ASSETS
Debtors 5 40,900 62,624
Cash at bank 243,945 128,659
284,845 191,283
CREDITORS
Amounts falling due within one year 6 174,725 113,101
NET CURRENT ASSETS 110,120 78,182
TOTAL ASSETS LESS CURRENT
LIABILITIES

263,218

149,908

CREDITORS
Amounts falling due after more than one
year

7

49,540

41,624
NET ASSETS 213,678 108,284

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 213,578 108,184
SHAREHOLDERS' FUNDS 10 213,678 108,284

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

MAXIM BUILDING LTD (REGISTERED NUMBER: 10746909)

Balance Sheet - continued
30 APRIL 2023


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 16 January 2024 and were signed by:





M Jucan - Director


MAXIM BUILDING LTD (REGISTERED NUMBER: 10746909)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Maxim Building Ltd 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.

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.

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.

MAXIM BUILDING LTD (REGISTERED NUMBER: 10746909)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2023

2. ACCOUNTING POLICIES - continued

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2022 - 120,384 120,384
Additions 80,000 40,522 120,522
Disposals - (21,699 ) (21,699 )
At 30 April 2023 80,000 139,207 219,207
DEPRECIATION
At 1 May 2022 - 48,658 48,658
Charge for year - 24,366 24,366
Eliminated on disposal - (6,915 ) (6,915 )
At 30 April 2023 - 66,109 66,109
NET BOOK VALUE
At 30 April 2023 80,000 73,098 153,098
At 30 April 2022 - 71,726 71,726

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors - 5,961
Other debtors 17,500 7,500
CIS tax suffered - 28,577
VAT 23,400 20,586
40,900 62,624

MAXIM BUILDING LTD (REGISTERED NUMBER: 10746909)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 1 67
Tax 66,243 38,651
Social security and other taxes 16,157 30,638
Other creditors 26,122 14,830
Directors' current accounts 63,952 19,126
Accrued expenses 2,250 9,789
174,725 113,101

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans more 5 yr by instal 32,500 41,624
Finance leases 17,040 -
49,540 41,624

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 32,500 41,624

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
100 Ordinary 1.00 100 100

9. RESERVES
Retained
earnings
£   

At 1 May 2022 108,184
Profit for the year 107,394
Dividends (2,000 )
At 30 April 2023 213,578

MAXIM BUILDING LTD (REGISTERED NUMBER: 10746909)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2023

10. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
30.4.23 30.4.22
£    £   
Profit for the financial year 107,394 18,395
Dividends (2,000 ) (2,000 )
105,394 16,395
Opening shareholders fund - 91,889
share capital
Net addition to shareholders' funds 105,394 108,284
Opening shareholders' funds 108,284 -
Closing shareholders' funds 213,678 108,284