2023-01-01 05651639 2023-12-31 05651639 2023-01-01 2023-12-31 05651639 2022-12-31 05651639 2022-01-01 2022-12-31 05651639 uk-core:WithinOneYear 2022-12-31 05651639 uk-core:WithinOneYear 2023-12-31 05651639 uk-core:AfterOneYear 2022-12-31 05651639 uk-core:AfterOneYear 2023-12-31 05651639 uk-core:ShareCapital 2023-12-31 05651639 uk-core:ShareCapital 2022-12-31 05651639 uk-core:RevaluationReserve 2023-12-31 05651639 uk-core:RevaluationReserve 2022-12-31 05651639 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 05651639 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 05651639 uk-bus:Director1 2023-01-01 2023-12-31 05651639 uk-core:LandBuildings 2023-01-01 2023-12-31 05651639 uk-core:Buildings 2023-01-01 2023-12-31 05651639 uk-core:MotorVehicles 2023-01-01 2023-12-31 05651639 uk-core:FurnitureFittings 2023-01-01 2023-12-31 05651639 uk-core:Goodwill 2022-12-31 05651639 uk-core:Goodwill 2023-12-31 05651639 uk-core:Goodwill 2023-01-01 2023-12-31 05651639 uk-core:FurnitureFittings 2022-12-31 05651639 uk-core:MotorVehicles 2022-12-31 05651639 uk-core:Buildings 2022-12-31 05651639 uk-core:LandBuildings 2022-12-31 05651639 uk-core:Buildings 2023-12-31 05651639 uk-core:MotorVehicles 2023-12-31 05651639 uk-core:FurnitureFittings 2023-12-31 05651639 uk-core:LandBuildings 2023-12-31 05651639 uk-core:WithinOneYear 2023-12-31 05651639 uk-core:WithinOneYear 2022-12-31 05651639 uk-core:AfterOneYear uk-core:Secured 2023-12-31 05651639 uk-core:AfterOneYear uk-core:Secured 2022-12-31 05651639 3 uk-bus:Director2 2023-01-01 2023-12-31 05651639 3 uk-bus:Director2 2023-12-31 05651639 3 uk-bus:Director2 2022-12-31 iso4217:GBP xbrli:pure 05651639 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 05651639 uk-bus:FRS102 2023-01-01 2023-12-31 05651639 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 05651639 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Maxvale Limited
Registered Number:05651639
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
Maxvale Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
05651639
As at 31 December 2023
Maxvale Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
281,250
312,500
2
Property, plant and equipment
1,905,602
1,850,670
3
2,186,852
2,163,170
Current assets
Inventories
300
400
4
Trade and other receivables
218,608
201,606
5
22,572
Cash and cash equivalents
49,689
251,695
241,480
Trade and other payables: amounts falling due within one
year
(220,088)
(336,145)
6
21,392
(84,450)
Net current liabilities
Total assets less current liabilities
2,102,402
2,184,562
Trade and other payables: amounts falling due after more
than one year
(1,201,026)
(1,143,088)
7
959,314
Net assets
983,536
Capital and reserves
Called up share capital
2
2
Revaluation reserve
568,383
568,383
8
Retained earnings
390,929
415,151
959,314
983,536
Shareholders' funds
For the year ended 31 December 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs Salma Khodabaksh Director
These financial statements were approved and authorised for issue by the Board on 19 September 2024 and were signed by:
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4
Registered Number :
05651639
For the year ended 31 December 2023
Maxvale Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 December 2023
Maxvale Limited
Notes to the Financial Statements
Statutory Information
Maxvale Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
05651639.
Registered address:
56 Malford Grove
South Woodford
London
E18 2DT
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
2% Straight line
Property improvements
2% Straight line
20% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures, fittings & equipment
Hire purchase and leasing commitments
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of future payments is treated as a liability and the interest charged to the Income Statement on a straight-line basis.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 January 2023
625,000
At 31 December 2023
625,000
Amortisation
At 01 January 2023
312,500
31,250
Charge for year
At 31 December 2023
343,750
Net book value
At 31 December 2023
281,250
At 31 December 2022
312,500
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6
For the year ended 31 December 2023
Maxvale Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Fixtures,
fittings &
equipment
Motor vehicles
Property
improvements
Land and
buildings
£
£
£
£
£
Cost or
valuation
At 01 January 2023
2,670,474
759,341
-
1,011,133
900,000
154,728
82,608
19,925
52,195
-
Additions
At 31 December 2023
1,063,328
19,925
841,949
2,825,202
900,000
Provision for depreciation and impairment
At 01 January 2023
819,804
559,228
-
80,576
180,000
Charge for year
99,796
56,544
3,985
21,267
18,000
At 31 December 2023
919,600
615,772
3,985
101,843
198,000
At 31 December 2023
Net book value
702,000
961,485
15,940
226,177
1,905,602
At 31 December 2022
720,000
930,557
-
200,113
1,850,670
1
4. Inventories
2022
2023
£
£
Stocks
400
300
5. Trade and other receivables
2022
2023
£
£
Trade debtors
-
24,262
Prepayments and accrued income
1,902
3,042
Other debtors
199,704
191,304
218,608
201,606
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7
For the year ended 31 December 2023
Maxvale Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
67,929
65,466
Taxation and social security
142,927
70,992
Accruals and deferred income
2,429
-
Directors' loan accounts
501
-
Obligations under HP/Financial leases
3,321
-
Other creditors
119,038
83,630
336,145
220,088
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
1,132,018
1,201,026
-
11,070
Obligations under HP/Financial leases
1,143,088
1,201,026
8. Reserves
Total
£
Revaluation reserve at 01 January 2023
568,383
568,383
Revaluation reserve at 31 December 2023
9. Directors advances and guarantees
At 01/01/2023
Loaned
Repaid
At 31/12/2023
£
£
£
£
Mrs Salma Khodabaksh
Directors loan Account
(501)
-
81,640
82,141
(501)
-
81,640
82,141
10. Average number of persons employed
During the year the average number of employees was 78 (2022 : 53)
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