MAXWELL ADAM LTD

Company Registration Number:
11256339 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

MAXWELL ADAM LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

MAXWELL ADAM LTD

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 103,339 30,429
Total fixed assets: 103,339 30,429
Current assets
Stocks: 21,000 7,500
Debtors:   599,616 173,566
Cash at bank and in hand: 328,075 198,770
Total current assets: 948,691 379,836
Creditors: amounts falling due within one year:   (685,774) (347,793)
Net current assets (liabilities): 262,917 32,043
Total assets less current liabilities: 366,256 62,472
Provision for liabilities: (1,989)
Total net assets (liabilities): 364,267 62,472
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 364,167 62,372
Shareholders funds: 364,267 62,472

The notes form part of these financial statements

MAXWELL ADAM LTD

Balance sheet statements

For the year ending 31 March 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

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

This report was approved by the board of directors on 04 April 2024
and signed on behalf of the board by:

Name: J Davies
Status: Director

The notes form part of these financial statements

MAXWELL ADAM LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

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

Turnover policy

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provisionof services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax,returns, rebates and discounts.The company recognises revenue when:The amount of revenue can be reliably measured;it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tangible fixed assets and depreciation policy

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation andsubsequent accumulated impairment losses.The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition andinstallation.Depreciation is charged so as to write off the cost of assets, other than land and properties under constructionover their estimated useful lives.

Valuation and information policy

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost isdetermined using the first-in, first-out (FIFO) method.The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labourcosts and those overheads that have been incurred in bringing the inventories to their present location andcondition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carryingamount is reduced to its selling price less costs to complete and sell; the impairment loss is recognisedimmediately in profit or loss.

MAXWELL ADAM LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 17 18

MAXWELL ADAM LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 30,429
Additions 72,910
At 31 March 2023 103,339
Net book value
At 31 March 2023 103,339
At 31 March 2022 30,429