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REGISTERED NUMBER: 06544851 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Maxi-Lease Limited

Maxi-Lease Limited (Registered number: 06544851)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Maxi-Lease Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr P Mayhew





REGISTERED OFFICE: The Mansion House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR





REGISTERED NUMBER: 06544851 (England and Wales)





ACCOUNTANTS: Bedford Accountants Limited
Bedford Heights
Brickhill Drive
Bedford
Bedfordshire
MK41 7PH

Maxi-Lease Limited (Registered number: 06544851)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 405,952 275,220
Cash at bank 22,955 20,716
428,907 295,936
CREDITORS
Amounts falling due within one year 5 298,707 201,147
NET CURRENT ASSETS 130,200 94,789
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,200

94,789

CREDITORS
Amounts falling due after more than
one year

6

116,439

82,440
NET ASSETS 13,761 12,349

CAPITAL AND RESERVES
Called up share capital 1,001 1,001
Retained earnings 12,760 11,348
SHAREHOLDERS' FUNDS 13,761 12,349

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

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

Maxi-Lease Limited (Registered number: 06544851)

Statement of Financial Position - continued
31 December 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 2 August 2024 and were signed by:





Mr P Mayhew - Director


Maxi-Lease Limited (Registered number: 06544851)

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

1. STATUTORY INFORMATION

Maxi-Lease 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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Maxi-Lease Limited (Registered number: 06544851)

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

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 392,604 136,871
Other debtors 2,050 132,050
Employers Allowance not
claimed 10,000 5,000
Prepayments 1,298 1,299
405,952 275,220

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 36,308 32,356
Funding circle loan 32,537 4,919
Trade creditors 101,120 23,070
Amounts owed to group undertakings 13,000 23,500
Tax 23,641 14,567
Social security and other taxes 4,065 2,617
VAT 18,765 10,638
Other creditors 25,686 243
Customer deposits 20,502 13,794
Directors' current accounts 21,683 72,944
Accrued expenses 1,400 2,499
298,707 201,147

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loan - 1 - 2 years 28,221 28,202
Bank loan - 2-5 years 21,362 44,516
Bank loans more 5 yr by instal 6,747 9,722
Funding circle loan -1-2 years 32,537 -
Funding Circle loan- 2-5 years 27,572 -
116,439 82,440

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,747 9,722

Maxi-Lease Limited (Registered number: 06544851)

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

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr P Mayhew.