IRIS Accounts Production v24.2.0.383 08124185 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh081241852023-03-31081241852024-03-31081241852023-04-012024-03-31081241852022-03-31081241852022-04-012023-03-31081241852023-03-3108124185ns15:EnglandWales2023-04-012024-03-3108124185ns14:PoundSterling2023-04-012024-03-3108124185ns10:Director12023-04-012024-03-3108124185ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108124185ns10:SmallEntities2023-04-012024-03-3108124185ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108124185ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108124185ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108124185ns10:FullAccounts2023-04-012024-03-310812418512023-04-012024-03-3108124185ns10:Director22023-04-012024-03-3108124185ns10:CompanySecretary12023-04-012024-03-3108124185ns10:RegisteredOffice2023-04-012024-03-3108124185ns5:CurrentFinancialInstruments2024-03-3108124185ns5:CurrentFinancialInstruments2023-03-3108124185ns5:ShareCapital2024-03-3108124185ns5:ShareCapital2023-03-3108124185ns5:RetainedEarningsAccumulatedLosses2024-03-3108124185ns5:RetainedEarningsAccumulatedLosses2023-03-3108124185ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3108124185ns5:NetGoodwill2023-03-3108124185ns5:NetGoodwill2024-03-3108124185ns5:NetGoodwill2023-03-3108124185ns5:LeaseholdImprovements2023-03-3108124185ns5:PlantMachinery2023-03-3108124185ns5:MotorVehicles2023-03-3108124185ns5:LeaseholdImprovements2023-04-012024-03-3108124185ns5:PlantMachinery2023-04-012024-03-3108124185ns5:MotorVehicles2023-04-012024-03-3108124185ns5:LeaseholdImprovements2024-03-3108124185ns5:PlantMachinery2024-03-3108124185ns5:MotorVehicles2024-03-3108124185ns5:LeaseholdImprovements2023-03-3108124185ns5:PlantMachinery2023-03-3108124185ns5:MotorVehicles2023-03-3108124185ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3108124185ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 08124185 (England and Wales)













MAX HEARING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






MAX HEARING LIMITED (REGISTERED NUMBER: 08124185)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAX HEARING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: K L Davies
B P Davies





SECRETARY: K L Davies





REGISTERED OFFICE: 99 Newton Road
Mumbles
Swansea
SA3 4BN





REGISTERED NUMBER: 08124185 (England and Wales)





ACCOUNTANTS: Carr, Jenkins & Hood
3 New Mill Court
Enterprise Park
Swansea
SA7 9FG

MAX HEARING LIMITED (REGISTERED NUMBER: 08124185)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 255,541 170,099
255,541 170,099

CURRENT ASSETS
Stocks 13,818 15,543
Debtors 6 71,463 90,843
Cash at bank and in hand 191,378 215,528
276,659 321,914
CREDITORS
Amounts falling due within one year 7 293,285 259,403
NET CURRENT (LIABILITIES)/ASSETS (16,626 ) 62,511
TOTAL ASSETS LESS CURRENT LIABILITIES 238,915 232,610

PROVISIONS FOR LIABILITIES 17,827 21,282
NET ASSETS 221,088 211,328

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 221,086 211,326
221,088 211,328

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

MAX HEARING LIMITED (REGISTERED NUMBER: 08124185)

BALANCE SHEET - continued
31 MARCH 2024


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 26 June 2024 and were signed on its behalf by:





K L Davies - Director


MAX HEARING LIMITED (REGISTERED NUMBER: 08124185)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Max Hearing 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Leasehold property improvementsover 10 years
Plant and equipmentover 5 years
Motor vehiclesover 5 years

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.

MAX HEARING LIMITED (REGISTERED NUMBER: 08124185)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 118,000
AMORTISATION
At 1 April 2023
and 31 March 2024 118,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2023 57,387 103,060 118,090 278,537
Additions 78,106 7,004 63,580 148,690
Disposals (858 ) (57,207 ) (11,590 ) (69,655 )
At 31 March 2024 134,635 52,857 170,080 357,572
DEPRECIATION
At 1 April 2023 12,295 67,472 28,671 108,438
Charge for year 8,356 10,738 26,604 45,698
Eliminated on disposal (7 ) (45,337 ) (6,761 ) (52,105 )
At 31 March 2024 20,644 32,873 48,514 102,031
NET BOOK VALUE
At 31 March 2024 113,991 19,984 121,566 255,541
At 31 March 2023 45,092 35,588 89,419 170,099

MAX HEARING LIMITED (REGISTERED NUMBER: 08124185)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,631 26,489
Amounts owed by group undertakings - 20,500
Other debtors 42,832 43,854
71,463 90,843

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 135,668 133,125
Amounts owed to group undertakings 20,000 -
Taxation and social security 86,023 69,033
Other creditors 51,594 57,245
293,285 259,403

8. ULTIMATE CONTROLLING PARTY

The company is controlled jointly by the directors by virtue of their equal shareholdings.