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REGISTERED NUMBER: 04600344 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Maxted - Page Limited

Maxted - Page Limited (Registered number: 04600344)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Maxted - Page Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: L N Maxted-Page





REGISTERED OFFICE: The Old Grange
Warren Estate
Lordship Road
Writtle, Chelmsford
Essex
CM1 3WT





REGISTERED NUMBER: 04600344 (England and Wales)





ACCOUNTANTS: Xeinadin South East Limited
The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT

Maxted - Page Limited (Registered number: 04600344)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 321,157 307,489
321,157 307,489

CURRENT ASSETS
Stocks 684,796 1,077,846
Debtors 6 590,398 119,495
Cash at bank 152,707 63,068
1,427,901 1,260,409
CREDITORS
Amounts falling due within one year 7 516,515 408,321
NET CURRENT ASSETS 911,386 852,088
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,232,543

1,159,577

CREDITORS
Amounts falling due after more than one
year

8

(608,218

)

(680,833

)

PROVISIONS FOR LIABILITIES (50,600 ) (38,500 )
NET ASSETS 573,725 440,244

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 573,723 440,242
SHAREHOLDERS' FUNDS 573,725 440,244

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Maxted - Page Limited (Registered number: 04600344)

Balance Sheet - continued
31 May 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 director and authorised for issue on 23 October 2024 and were signed by:





L N Maxted-Page - Director


Maxted - Page Limited (Registered number: 04600344)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Maxted - Page 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.

The presentation currency of the financial statements is the Pound Sterling (£).


This company is not part of a group.

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.

Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

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.

Website costs are being amortised evenly over their estimated useful life of 3 years.

Tangible fixed assets
Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates, in order to write off each asset over its estimated useful life:

- Improvements to property- Straight line over 10 years
- Plant and machinery - 25% and 15% on reducing balance, straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans from banks.

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.


Maxted - Page Limited (Registered number: 04600344)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Significant judgements and estimates
No significant judgements or estimations have been applied in the preparation of the financial statements.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Other financial liabilities, including bank loans, are measured initially at ccosts which is not materially different from amortised cost using the effective interest rate method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 6,680
AMORTISATION
At 1 June 2023
and 31 May 2024 6,680
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

Maxted - Page Limited (Registered number: 04600344)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 633,350
Additions 82,566
Disposals (24,189 )
At 31 May 2024 691,727
DEPRECIATION
At 1 June 2023 325,861
Charge for year 66,723
Eliminated on disposal (22,014 )
At 31 May 2024 370,570
NET BOOK VALUE
At 31 May 2024 321,157
At 31 May 2023 307,489

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 583,752 95,894
Other debtors 6,646 23,601
590,398 119,495

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 316,382 300,060
Trade creditors 59,199 53,925
Taxation and social security 33,677 -
Other creditors 97,257 44,336
516,515 408,321

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,833 20,833
Hire purchase contracts 137,385 -
Other creditors 460,000 660,000
608,218 680,833