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REGISTERED NUMBER: 11595882 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

MAXIUM DOORS LTD

MAXIUM DOORS LTD (REGISTERED NUMBER: 11595882)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAXIUM DOORS LTD

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: I Rayner





REGISTERED OFFICE: Ferrari House
258 Field End Road
Ruislip
Middlesex
HA4 9UU





REGISTERED NUMBER: 11595882 (England and Wales)





ACCOUNTANTS: Diverset Limited
Chartered Accountants
Ferrari House
258 Field End Road
Ruislip
Middlesex
HA4 9UU

MAXIUM DOORS LTD (REGISTERED NUMBER: 11595882)

Balance Sheet
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,940 27,815

CURRENT ASSETS
Debtors 5 314,632 215,795
Cash at bank and in hand 90,672 141,253
405,304 357,048
CREDITORS
Amounts falling due within one year 6 227,534 199,871
NET CURRENT ASSETS 177,770 157,177
TOTAL ASSETS LESS CURRENT LIABILITIES 206,710 184,992

PROVISIONS FOR LIABILITIES 816 1,020
NET ASSETS 205,894 183,972

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 205,794 183,872
SHAREHOLDERS' FUNDS 205,894 183,972

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.

MAXIUM DOORS LTD (REGISTERED NUMBER: 11595882)

Balance Sheet - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 August 2024 and were signed by:





I Rayner - Director


MAXIUM DOORS LTD (REGISTERED NUMBER: 11595882)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Maxium Doors 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.

The Company's presentation currency is Pound Sterling. The amounts recorded in the accounts are rounded to the nearest Pound.

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

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 reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

MAXIUM DOORS LTD (REGISTERED NUMBER: 11595882)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Covid-19 related government support
Where the company has received grants or other Government support in connection with COVID-19, these have been accounted as follows :

Government Assistance loans are recognised and accounted as other commercial loans. Where material, grants paid by Government to lenders for fees or first years interest are recognised as other income along with the related costs.

Government or Local Authority grants are recognised in the period in which they are received.

Coronavirus Job Retention Scheme Grants are recognised in the period to which they relate.

Rent or Rates holidays are accounted in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 40,921
Additions 10,771
At 31 December 2023 51,692
DEPRECIATION
At 1 January 2023 13,106
Charge for year 9,646
At 31 December 2023 22,752
NET BOOK VALUE
At 31 December 2023 28,940
At 31 December 2022 27,815

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 287,875 208,440
Other debtors 26,757 7,355
314,632 215,795

MAXIUM DOORS LTD (REGISTERED NUMBER: 11595882)

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 24,167 34,085
Trade creditors 186,511 133,405
Taxation and social security 16,562 32,241
Other creditors 294 140
227,534 199,871

7. RESERVES
Retained
earnings
£   

At 1 January 2023 183,872
Profit for the year 51,422
Dividends (29,500 )
At 31 December 2023 205,794

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
I Rayner
Balance outstanding at start of year (140 ) (1,890 )
Amounts advanced - 1,750
Amounts repaid (154 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (294 ) (140 )

9. CONTROLLING PARTY

The controlling party is I Rayner.