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REGISTERED NUMBER: 04440338 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

MAXIMUM ADVENTURE LIMITED

MAXIMUM ADVENTURE LIMITED (REGISTERED NUMBER: 04440338)

Contents of the Financial Statements
for the Year Ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAXIMUM ADVENTURE LIMITED

Company Information
for the Year Ended 31 October 2023







DIRECTOR: M P Bowness





SECRETARY: M Bowness





REGISTERED OFFICE: Hartley Fold House
Hartley
Kirkby Stephen
Cumbria
CA17 4JH





REGISTERED NUMBER: 04440338 (England and Wales)





ACCOUNTANTS: John Andrew Chartered Accountants
17-19 Market Street
KIRKBY STEPHEN
Cumbria
CA17 4QS

MAXIMUM ADVENTURE LIMITED (REGISTERED NUMBER: 04440338)

Balance Sheet
31 October 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 75,618 45,102
Tangible assets 5 28,471 41,264
104,089 86,366

CURRENT ASSETS
Debtors 6 72,667 62,232
Cash at bank and in hand 158,645 151,157
231,312 213,389
CREDITORS
Amounts falling due within one year 7 305,813 274,938
NET CURRENT LIABILITIES (74,501 ) (61,549 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,588

24,817

CREDITORS
Amounts falling due after more than one
year

8

209,306

180,569
NET LIABILITIES (179,718 ) (155,752 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (179,818 ) (155,852 )
SHAREHOLDERS' FUNDS (179,718 ) (155,752 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

MAXIMUM ADVENTURE LIMITED (REGISTERED NUMBER: 04440338)

Balance Sheet - continued
31 October 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 8 April 2024 and were signed by:





M P Bowness - Director


MAXIMUM ADVENTURE LIMITED (REGISTERED NUMBER: 04440338)

Notes to the Financial Statements
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

Maximum Adventure Limited 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 represents invoiced sales of services. The company operates the Tour Operators Margin Scheme for value added tax and the tax due under the scheme is shown within cost of sales.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of four years.

Development expenditure
Development expenditure relates to clearly defined projects giving rise to specific products. Such costs are disclosed under intangible fixed assets in the balance sheet to the extent that the aggregate of these costs, any further development costs, and related production, selling and administration costs are reasonably expected to be exceeded by related future sales or other revenues. Amortisation is provided once commercial production commences and is charged over the expected life of the products developed, subject to an annual impairment review.

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 - 25% on reducing balance and 25% on cost

Pension costs and other post-retirement benefits
The company makes contributions to the personal pension schemes of certain employees. The assets of the schemes are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 13 ) .

MAXIMUM ADVENTURE LIMITED (REGISTERED NUMBER: 04440338)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2022 59,761
Additions 45,457
At 31 October 2023 105,218
AMORTISATION
At 1 November 2022 14,659
Charge for year 14,941
At 31 October 2023 29,600
NET BOOK VALUE
At 31 October 2023 75,618
At 31 October 2022 45,102

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 120,369
Additions 8,035
At 31 October 2023 128,404
DEPRECIATION
At 1 November 2022 79,105
Charge for year 20,828
At 31 October 2023 99,933
NET BOOK VALUE
At 31 October 2023 28,471
At 31 October 2022 41,264

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Other debtors 72,667 62,232

MAXIMUM ADVENTURE LIMITED (REGISTERED NUMBER: 04440338)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Bank loans and overdrafts 71,667 48,333
Trade creditors 165,715 176,846
Taxation and social security 66,231 30,307
Other creditors 2,200 19,452
305,813 274,938

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/23 31/10/22
£    £   
Bank loans 209,306 142,917
Taxation and social security - 37,652
209,306 180,569

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31/10/23 31/10/22
£    £   
M P Bowness
Balance outstanding at start of year - -
Amounts advanced 6,714 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,714 -