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REGISTERED NUMBER: 05574375 (England and Wales)














Unaudited Financial Statements

for the Year Ended 29 September 2023

for

Maxlomax Ltd

Maxlomax Ltd (Registered number: 05574375)






Contents of the Financial Statements
for the Year Ended 29 September 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Maxlomax Ltd (Registered number: 05574375)

Balance Sheet
29 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,078 3,904

CURRENT ASSETS
Stocks 430 430
Debtors 5 6,685 6,894
Cash at bank 1,741 4,195
8,856 11,519
CREDITORS
Amounts falling due within one year 6 11,999 14,495
NET CURRENT LIABILITIES (3,143 ) (2,976 )
TOTAL ASSETS LESS CURRENT LIABILITIES 935 928

PROVISIONS FOR LIABILITIES 775 742
NET ASSETS 160 186

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 159 185
SHAREHOLDERS' FUNDS 160 186

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 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.

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 and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 March 2024 and were signed by:





Mr M B Lomax - Director


Maxlomax Ltd (Registered number: 05574375)

Notes to the Financial Statements
for the Year Ended 29 September 2023

1. STATUTORY INFORMATION

Maxlomax Ltd 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: 05574375

Registered office: Ebenezer House
Ryecroft
Newcastle
Staffordshire
ST5 2BE

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 represents the net sale of services, excluding VAT. Where the substance of a contract for services is such that the right to receive consideration does not arise until the occurrence of a future event or outcome, revenue is not recognised until this event occurs.

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 - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Maxlomax Ltd (Registered number: 05574375)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 30 September 2022 9,381 1,526 6,428 17,335
Additions - - 893 893
At 29 September 2023 9,381 1,526 7,321 18,228
DEPRECIATION
At 30 September 2022 6,302 788 6,341 13,431
Charge for year 308 74 337 719
At 29 September 2023 6,610 862 6,678 14,150
NET BOOK VALUE
At 29 September 2023 2,771 664 643 4,078
At 29 September 2022 3,079 738 87 3,904

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,685 6,894

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,896 3,119
Other creditors 9,103 11,376
11,999 14,495