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REGISTERED NUMBER: 04337420 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MAXFIELD KADLUBOWSKI GROUP LIMITED

MAXFIELD KADLUBOWSKI GROUP LIMITED (REGISTERED NUMBER: 04337420)






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


MAXFIELD KADLUBOWSKI GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J Muthiah
S Dawett





REGISTERED OFFICE: Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN





REGISTERED NUMBER: 04337420 (England and Wales)





ACCOUNTANTS: John Williams & Co
Chartered Certified Accountants
Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN

MAXFIELD KADLUBOWSKI GROUP LIMITED (REGISTERED NUMBER: 04337420)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,922 43,278

CURRENT ASSETS
Stocks 5 1,147,388 876,123
Debtors 6 261,305 272,820
Cash at bank 320,777 599,869
1,729,470 1,748,812
CREDITORS
Amounts falling due within one year 7 1,146,850 1,074,166
NET CURRENT ASSETS 582,620 674,646
TOTAL ASSETS LESS CURRENT
LIABILITIES

614,542

717,924

PROVISIONS FOR LIABILITIES 9 7,980 10,819
NET ASSETS 606,562 707,105

CAPITAL AND RESERVES
Called up share capital 10 40,050 40,050
Capital redemption reserve 11 40,050 40,050
Retained earnings 11 526,462 627,005
SHAREHOLDERS' FUNDS 606,562 707,105

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.

MAXFIELD KADLUBOWSKI GROUP LIMITED (REGISTERED NUMBER: 04337420)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 July 2024 and were signed on its behalf by:




J Muthiah - Director



S Dawett - Director


MAXFIELD KADLUBOWSKI GROUP LIMITED (REGISTERED NUMBER: 04337420)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Maxfield Kadlubowski Group 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 invoiced value of sales and work done, 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.
Short leasehold - Over the length of the lease
Improvements to property - Over the length of the lease
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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.

MAXFIELD KADLUBOWSKI GROUP LIMITED (REGISTERED NUMBER: 04337420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2022 - 29 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 January 2023
and 31 December 2023 2,887 75,859 72,052
DEPRECIATION
At 1 January 2023 2,887 61,634 52,924
Charge for year - 6,942 2,925
At 31 December 2023 2,887 68,576 55,849
NET BOOK VALUE
At 31 December 2023 - 7,283 16,203
At 31 December 2022 - 14,225 19,128

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 31,354 12,500 2,726 197,378
DEPRECIATION
At 1 January 2023 21,429 12,500 2,726 154,100
Charge for year 1,489 - - 11,356
At 31 December 2023 22,918 12,500 2,726 165,456
NET BOOK VALUE
At 31 December 2023 8,436 - - 31,922
At 31 December 2022 9,925 - - 43,278

5. STOCKS
2023 2022
£    £   
Stocks 1,147,388 876,123

MAXFIELD KADLUBOWSKI GROUP LIMITED (REGISTERED NUMBER: 04337420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 64,636 55,031
Other debtors 169,800 190,000
Prepayments 26,869 27,789
261,305 272,820

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 341,917 314,722
Tax 77,019 98,725
Social security and other taxes 23,602 21,203
VAT 79,017 81,940
Other creditors 276,570 233,951
Directors' current accounts 300,000 300,000
Accrued expenses 48,725 23,625
1,146,850 1,074,166

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 220,000 131,900
Between one and five years 865,000 35,200
1,085,000 167,100

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 7,980 10,819

Deferred
tax
£   
Balance at 1 January 2023 10,819
Provided during year (2,839 )
accelerated capital allowance
Balance at 31 December 2023 7,980

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
40,500 Ordinary shares £1 40,050 40,050

MAXFIELD KADLUBOWSKI GROUP LIMITED (REGISTERED NUMBER: 04337420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

11. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 January 2023 627,005 40,050 667,055
Profit for the year 241,457 241,457
Dividends (342,000 ) (342,000 )
At 31 December 2023 526,462 40,050 566,512

12. RELATED PARTY DISCLOSURES

PSG 3000 Ltd
The parent company

During the year the company distributed dividends of £342,000 (2022: £312,000) to PSG 3000 Limited.

2023 2022
£ £
Amount due (to)/from related party at the balance sheet date. 169,800 190,000

13. ULTIMATE CONTROLLING PARTY

The ultimate parent company is PSG 3000 Ltd.

The ultimate controlling parties are:
Mr J Muthiah
Mr S Dawett