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REGISTERED NUMBER: 05314542 (England and Wales)















MAXTRACK LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2023






MAXTRACK LIMITED (REGISTERED NUMBER: 05314542)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


MAXTRACK LIMITED

Company Information
for the year ended 31 December 2023







Directors: T W D Beaton
I S Mitchell-Innes
B A Symonds





Secretary: B A Symonds





Registered office: New Rock House
Kempley Road
Dymock
Gloucestershire
GL18 2BB





Registered number: 05314542 (England and Wales)

MAXTRACK LIMITED (REGISTERED NUMBER: 05314542)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 39,904 19,463

Current assets
Stocks 678,986 771,481
Debtors 5 77,388 69,815
Cash at bank 101,116 55,459
857,490 896,755
Creditors
Amounts falling due within one year 6 122,687 161,004
Net current assets 734,803 735,751
Total assets less current liabilities 774,707 755,214

Creditors
Amounts falling due after more than one year 7 (115,662 ) (137,302 )

Provisions for liabilities (6,460 ) -
Net assets 652,585 617,912

Capital and reserves
Called up share capital 500 500
Capital redemption reserve 30 30
Retained earnings 652,055 617,382
Shareholders' funds 652,585 617,912

MAXTRACK LIMITED (REGISTERED NUMBER: 05314542)

Balance Sheet - continued
31 December 2023


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 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 12 August 2024 and were signed on its behalf by:





I S Mitchell-Innes - Director


MAXTRACK LIMITED (REGISTERED NUMBER: 05314542)

Notes to the Financial Statements
for the year ended 31 December 2023

1. Statutory information

Maxtrack Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are stated 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.

Depreciation
Depreciation is charged on all assets to write them down to their estimated residual values evenly over their expected useful lives, which are five years for leasehold improvements and three years for all other assets.

Stocks
Stock is valued at the lower of cost and net realisable value.

3. Employees and directors

The average number of employees during the year was 6 (2022 - 6 ) .

4. Tangible fixed assets
Motor
Leasehold vehicles Equipment Totals
£    £    £    £   
Cost
At 1 January 2023 5,275 39,093 19,982 64,350
Additions - 37,475 - 37,475
At 31 December 2023 5,275 76,568 19,982 101,825
Depreciation
At 1 January 2023 5,275 30,598 9,014 44,887
Charge for year - 10,670 6,364 17,034
At 31 December 2023 5,275 41,268 15,378 61,921
Net book value
At 31 December 2023 - 35,300 4,604 39,904
At 31 December 2022 - 8,495 10,968 19,463

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 65,225 51,717
Prepayments 12,163 18,098
77,388 69,815

MAXTRACK LIMITED (REGISTERED NUMBER: 05314542)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 59,098 59,098
Trade creditors 27,501 22,856
Taxation and social security 27,704 78,394
Other creditors 8,384 656
122,687 161,004

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 94,868 137,302
Hire purchase contracts 20,794 -
115,662 137,302

8. Ultimate controlling party



By virtue of his shareholding and directorship, Mr Mitchell-Innes is considered to be the ultimate controlling party of the Company.