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REGISTERED NUMBER: 03054496 (England and Wales)















Financial Statements for the Year Ended 30 September 2023

for

MAX PIES LIMITED

MAX PIES LIMITED (REGISTERED NUMBER: 03054496)

Contents of the Financial Statements
for the Year Ended 30 September 2023










Page

Balance Sheet 1

Notes to the Financial Statements 2


MAX PIES LIMITED (REGISTERED NUMBER: 03054496)

Balance Sheet
30 September 2023

2023 2022
Notes £    £   
Fixed assets
Tangible assets 4 8,029 9,773

Current assets
Stocks 4,781 8,114
Debtors 5 33,899 37,402
Cash at bank and in hand 167,905 116,680
206,585 162,196
Creditors
Amounts falling due within one year 6 (57,900 ) (41,803 )
Net current assets 148,685 120,393
Total assets less current liabilities 156,714 130,166

Provisions for liabilities (1,589 ) -
Net assets 155,125 130,166

Capital and reserves
Called up share capital 7 74,000 74,000
Retained earnings 81,125 56,166
Shareholders' funds 155,125 130,166

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 February 2024 and were signed by:





Mrs F Venter - Director


MAX PIES LIMITED (REGISTERED NUMBER: 03054496)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. Statutory information

Max Pies Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03054496

Registered office: 37 Grove Park
London
SE5 8LG

The presentation currency of the financial statements is the Pound Sterling (£).


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 net of VAT and
trade discounts.

Turnover from shop sales is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer. This is usually at the point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 15% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulates impairment losses. Cost includes costs directly attributable to making the assets capable of operating as intended.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Current taxation represents the amount of taxation payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the taxation rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred taxation represents the future taxation consequences of transactions and events recognised in the
financial statements of current and previous periods. It is recognised in respect of all timing differences, with
certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved taxation losses and other deferred taxation assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred taxation liabilities or other future taxable profits.

Deferred taxation is measured using the taxation rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

MAX PIES LIMITED (REGISTERED NUMBER: 03054496)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


2. Accounting policies - continued

Pension costs and other post-retirement benefits
The company operates money purchase (defined contribution) pension scheme. Contributions are charged against profits on the amounts payable for the year.

Leases
Assets obtained under finance leases are capitalised in the balance sheet and are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Bank and cash
Cash at bank and in hand includes cash and short term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

3. Employees and directors

The average number of employees during the year was 5 (2022 - 4 ) .

4. Tangible fixed assets
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
Cost
At 1 October 2022
and 30 September 2023 62,458 26,006 88,464
Depreciation
At 1 October 2022 56,909 21,782 78,691
Charge for year 1,110 634 1,744
At 30 September 2023 58,019 22,416 80,435
Net book value
At 30 September 2023 4,439 3,590 8,029
At 30 September 2022 5,549 4,224 9,773

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 4,748 2,888
Other debtors 25,000 29,000
Prepayments 4,151 5,514
33,899 37,402

MAX PIES LIMITED (REGISTERED NUMBER: 03054496)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 19,229 22,406
Corporation tax 10,216 1,389
Taxation and social security 19,262 15,465
Directors' loan accounts 97 97
Accruals 9,096 2,446
57,900 41,803

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
74,000 Ordinary £1 74,000 74,000