Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 13854944 Mr M J Brzezinski Mr S R Toogood iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13854944 2023-03-31 13854944 2024-03-31 13854944 2023-04-01 2024-03-31 13854944 frs-core:CurrentFinancialInstruments 2024-03-31 13854944 frs-core:Non-currentFinancialInstruments 2024-03-31 13854944 frs-core:BetweenOneFiveYears 2024-03-31 13854944 frs-core:ComputerEquipment 2024-03-31 13854944 frs-core:ComputerEquipment 2023-04-01 2024-03-31 13854944 frs-core:ComputerEquipment 2023-03-31 13854944 frs-core:MotorVehicles 2024-03-31 13854944 frs-core:MotorVehicles 2023-04-01 2024-03-31 13854944 frs-core:MotorVehicles 2023-03-31 13854944 frs-core:PlantMachinery 2024-03-31 13854944 frs-core:PlantMachinery 2023-04-01 2024-03-31 13854944 frs-core:PlantMachinery 2023-03-31 13854944 frs-core:WithinOneYear 2024-03-31 13854944 frs-core:ShareCapital 2024-03-31 13854944 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13854944 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13854944 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 13854944 frs-bus:SmallEntities 2023-04-01 2024-03-31 13854944 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13854944 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13854944 frs-bus:Director1 2023-04-01 2024-03-31 13854944 frs-bus:Director2 2023-04-01 2024-03-31 13854944 frs-countries:EnglandWales 2023-04-01 2024-03-31 13854944 2022-03-31 13854944 2023-03-31 13854944 2022-04-01 2023-03-31 13854944 frs-core:CurrentFinancialInstruments 2023-03-31 13854944 frs-core:Non-currentFinancialInstruments 2023-03-31 13854944 frs-core:BetweenOneFiveYears 2023-03-31 13854944 frs-core:WithinOneYear 2023-03-31 13854944 frs-core:ShareCapital 2023-03-31 13854944 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Max Freight Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13854944
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 108,271 14,424
108,271 14,424
CURRENT ASSETS
Debtors 5 948,833 655,500
Cash at bank and in hand 249,483 304,829
1,198,316 960,329
Creditors: Amounts Falling Due Within One Year 6 (712,686 ) (563,490 )
NET CURRENT ASSETS (LIABILITIES) 485,630 396,839
TOTAL ASSETS LESS CURRENT LIABILITIES 593,901 411,263
Creditors: Amounts Falling Due After More Than One Year 7 (55,973 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (20,509 ) (2,741 )
NET ASSETS 517,419 408,522
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 517,319 408,422
SHAREHOLDERS' FUNDS 517,419 408,522
Page 1
Page 2
For the year ending 31 March 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M J Brzezinski
Director
11 September 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Max Freight Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13854944 . The registered office is Office Suite 5, Bowling Hill Business Park, Chipping Sodbury Bristol, BS37 6JL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Equipment 20% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 33% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 3
Page 4
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 5)
7 5
4. Tangible Assets
Equipment Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 16,814 - 2,359 19,173
Additions - 128,916 775 129,691
As at 31 March 2024 16,814 128,916 3,134 148,864
Depreciation
As at 1 April 2023 3,963 - 786 4,749
Provided during the period 2,570 32,229 1,045 35,844
As at 31 March 2024 6,533 32,229 1,831 40,593
Net Book Value
As at 31 March 2024 10,281 96,687 1,303 108,271
As at 1 April 2023 12,851 - 1,573 14,424
Page 4
Page 5
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 935,113 646,854
Prepayments and accrued income 6,785 8,327
Other debtors 6,935 -
Directors' loan accounts - 319
948,833 655,500
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 10,438 -
Trade creditors 575,994 406,703
Bank loans and overdrafts 54 1,447
Corporation tax 98,333 150,533
VAT 11,233 4,807
Other creditors 514 -
Directors' loan accounts 16,120 -
712,686 563,490
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 55,973 -
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,438 -
Later than one year and not later than five years 55,973 -
66,411 -
66,411 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5
Page 6
10. Related Party Transactions
During the year, the company loaned £10,000 to an associated company, in which the directors have a controlling interest.
The company also receieved services from an associated company, in which the directors have a controlling interest, charged at normal market rates, amounting to £3,065. 
Page 6