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REGISTERED NUMBER: 05161906 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Max Eyewear Ltd.

Max Eyewear Ltd. (Registered number: 05161906)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

Max Eyewear Ltd.

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs Durdana Naseer
Mr Naseer Uddin Bajwa





SECRETARY: Mrs Durdana Naseer





REGISTERED OFFICE: 6 Sispara Gardens
London
SW18 1LF





REGISTERED NUMBER: 05161906 (England and Wales)





ACCOUNTANTS: Chris Pantazis Ltd T/A CPS & Co
Chartered Accountants
10A Aldermans Hill
Palmers Green
London
N13 4PJ

Max Eyewear Ltd. (Registered number: 05161906)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 544,039 545,781

CURRENT ASSETS
Stocks 5 283,478 344,280
Debtors 6 148,471 152,750
Cash at bank and in hand 1,166,067 1,204,028
1,598,016 1,701,058
CREDITORS
Amounts falling due within one year 7 59,659 97,272
NET CURRENT ASSETS 1,538,357 1,603,786
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,082,396

2,149,567

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 2,082,296 2,149,467
SHAREHOLDERS' FUNDS 2,082,396 2,149,567

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





Mr Naseer Uddin Bajwa - Director


Max Eyewear Ltd. (Registered number: 05161906)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

Max Eyewear Ltd. (Registered number: 05161906)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 537,071 51,037 588,108
DEPRECIATION
At 1 April 2023 - 42,327 42,327
Charge for year - 1,742 1,742
At 31 March 2024 - 44,069 44,069
NET BOOK VALUE
At 31 March 2024 537,071 6,968 544,039
At 31 March 2023 537,071 8,710 545,781

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 283,478 344,280

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 120,100 124,415
Other debtors 28,371 28,335
148,471 152,750

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 8,754 4,995
Tax 10,598 70,331
VAT 15,501 19,376
Other creditors 13,254 2,570
Directors' current accounts 11,552 -
59,659 97,272

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary share £1.00 100 100

Max Eyewear Ltd. (Registered number: 05161906)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. RESERVES
Retained
earnings
£   

At 1 April 2023 2,149,467
Profit for the year 64,829
Dividends (132,000 )
At 31 March 2024 2,082,296

Max Eyewear Ltd.

Report of the Accountants to the Directors of
Max Eyewear Ltd.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Chris Pantazis Ltd T/A CPS & Co
Chartered Accountants
10A Aldermans Hill
Palmers Green
London
N13 4PJ


29 July 2024