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REGISTERED NUMBER: 08069295 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 March 2024

for

Maximum Demand Limited

Maximum Demand Limited (Registered number: 08069295)

Contents of the Financial Statements
For The Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Maximum Demand Limited

Company Information
For The Year Ended 31 March 2024







DIRECTORS: Mr D J Parry
Mrs B J Parry





REGISTERED OFFICE: 36 Foxtail Crescent
Bodicote
Banbury
Oxfordshire
OX15 4SP





REGISTERED NUMBER: 08069295 (England and Wales)





ACCOUNTANTS: Cochran, Harris & Clarke Ltd
7 Billing Road
Northampton
NORTHAMPTONSHIRE
NN1 5AN

Maximum Demand Limited (Registered number: 08069295)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,323 189

CURRENT ASSETS
Stocks - 2,723
Debtors 5 57,401 58,740
Cash at bank 2,569 7,032
59,970 68,495
CREDITORS
Amounts falling due within one year 6 27,476 42,398
NET CURRENT ASSETS 32,494 26,097
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,817

26,286

CREDITORS
Amounts falling due after more than one year 7 (19,192 ) (22,635 )

PROVISIONS FOR LIABILITIES (258 ) -
NET ASSETS 14,367 3,651

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,267 3,551
SHAREHOLDERS' FUNDS 14,367 3,651

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.

Maximum Demand Limited (Registered number: 08069295)

Balance Sheet - continued
31 March 2024


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 23 August 2024 and were signed on its behalf by:





Mr D J Parry - Director


Maximum Demand Limited (Registered number: 08069295)

Notes to the Financial Statements
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

Maximum Demand 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 the net invoiced value of goods and services excluding value added tax.

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 - 25% on cost
Computer equipment - Straight line over 3 years

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Maximum Demand Limited (Registered number: 08069295)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 13,086
Additions 1,764
At 31 March 2024 14,850
DEPRECIATION
At 1 April 2023 12,897
Charge for year 630
At 31 March 2024 13,527
NET BOOK VALUE
At 31 March 2024 1,323
At 31 March 2023 189

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 16,519 13,205
Other debtors 27,677 32,330
44,196 45,535

Amounts falling due after more than one year:
Other debtors 13,205 13,205

Aggregate amounts 57,401 58,740

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,449 3,080
Trade creditors 72 71
Taxation and social security 19,455 31,563
Other creditors 4,500 7,684
27,476 42,398

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 19,192 22,635

Maximum Demand Limited (Registered number: 08069295)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,486 8,290

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr D J Parry
Balance outstanding at start of year 16,706 19,391
Amounts advanced 15,045 22,215
Amounts repaid (10,624 ) (24,900 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,127 16,706

Mrs B J Parry
Balance outstanding at start of year 15,625 18,592
Amounts advanced 15,247 21,933
Amounts repaid (24,324 ) (24,900 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,548 15,625

The above loans have no fixed date for repayment. During the year interest of £675 (2023: £703 has been charged to the directors.

During the year the directors have received dividends of £33,700 (2023: £48,000).