Company Registration No. 03925439 (England and Wales)
MAXFORD TRADING LTD
Unaudited accounts
for the year ended 31 January 2024
MAXFORD TRADING LTD
Unaudited accounts
Contents
MAXFORD TRADING LTD
Company Information
for the year ended 31 January 2024
Director
Badshah Zada Khan
Company Number
03925439 (England and Wales)
Registered Office
355 WILMSLOW ROAD
FALLOWFIELD
MANCHESTER
LANCASHIRE
M14 6XU
MAXFORD TRADING LTD
Statement of financial position
as at 31 January 2024
Tangible assets
2,195,228
2,195,583
Cash at bank and in hand
116,070
60,157
Creditors: amounts falling due within one year
(1,234,389)
(1,310,892)
Net current liabilities
(1,112,319)
(1,236,735)
Net assets
1,082,909
958,848
Called up share capital
2
2
Profit and loss account
1,082,907
958,846
Shareholders' funds
1,082,909
958,848
For the year ending 31 January 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 September 2024 and were signed on its behalf by
Badshah Zada Khan
Director
Company Registration No. 03925439
MAXFORD TRADING LTD
Notes to the Accounts
for the year ended 31 January 2024
MAXFORD TRADING LTD is a private company, limited by shares, registered in England and Wales, registration number 03925439. The registered office is 355 WILMSLOW ROAD, FALLOWFIELD, MANCHESTER, LANCASHIRE, M14 6XU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
2,193,809
53,307
48,079
2,295,195
At 31 January 2024
2,193,809
53,307
48,079
2,295,195
At 1 February 2023
-
51,533
48,079
99,612
Charge for the year
-
355
-
355
At 31 January 2024
-
51,888
48,079
99,967
At 31 January 2024
2,193,809
1,419
-
2,195,228
At 31 January 2023
2,193,809
1,774
-
2,195,583
Amounts falling due within one year
Trade debtors
6,000
14,000
MAXFORD TRADING LTD
Notes to the Accounts
for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
24,890
34,655
Trade creditors
10,000
10,000
Taxes and social security
40,619
36,114
Other creditors
1,158,880
1,230,123
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 8 (2023: 4).