REGISTERED NUMBER: |
Unaudited Financial Statements |
For The Year Ended 28th February 2024 |
for |
Curamus Maxime Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
For The Year Ended 28th February 2024 |
for |
Curamus Maxime Ltd |
Curamus Maxime Ltd (Registered number: 08880758) |
Contents of the Financial Statements |
For The Year Ended 28th February 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Curamus Maxime Ltd |
Company Information |
For The Year Ended 28th February 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
4 Old Market Place |
Ripon |
North Yorkshire |
HG4 1EQ |
Curamus Maxime Ltd (Registered number: 08880758) |
Balance Sheet |
28th February 2024 |
28.2.24 | 28.2.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Share premium |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
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. |
Curamus Maxime Ltd (Registered number: 08880758) |
Balance Sheet - continued |
28th February 2024 |
The financial statements were approved by the director and authorised for issue on |
Curamus Maxime Ltd (Registered number: 08880758) |
Notes to the Financial Statements |
For The Year Ended 28th February 2024 |
1. | STATUTORY INFORMATION |
Curamus Maxime Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The current year and comparative year are both for a period of twelve months, although the company commenced trading on 30th November 2022. |
Preparation of consolidated financial statements |
The financial statements contain information about Curamus Maxime Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
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 |
Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated. |
Intangible assets are amortised on a straight line basis over their useful lives. Amortisation is started from the date that the intangible asset is brought into use in the business |
Provision is made for any impairment. |
Tangible fixed assets |
Computer Equipment | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
Curamus Maxime Ltd (Registered number: 08880758) |
Notes to the Financial Statements - continued |
For The Year Ended 28th February 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. |
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. |
Debtors and creditors receivable / payable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
Employee benefits |
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. |
The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Software |
£ |
COST |
At 1st March 2023 |
Additions |
At 28th February 2024 |
NET BOOK VALUE |
At 28th February 2024 |
At 28th February 2023 |
Curamus Maxime Ltd (Registered number: 08880758) |
Notes to the Financial Statements - continued |
For The Year Ended 28th February 2024 |
5. | TANGIBLE FIXED ASSETS |
Computer |
Equipment |
£ |
COST |
Additions |
At 28th February 2024 |
DEPRECIATION |
Charge for year |
At 28th February 2024 |
NET BOOK VALUE |
At 28th February 2024 |
6. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
At 28th February 2024 |
NET BOOK VALUE |
At 28th February 2024 |
7. | DEBTORS LESS THAN ONE YEAR |
28.2.24 | 28.2.23 |
£ | £ |
Amounts owed by subsidiary undertaking |
Other debtors |
VAT Debtor |
Social security and other tax |
Prepayments |
Accrued income |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.24 | 28.2.23 |
£ | £ |
Trade creditors |
Social security and other taxes |
VAT |
Other creditors |
Directors' current accounts |
Accrued expenses |
Curamus Maxime Ltd (Registered number: 08880758) |
Notes to the Financial Statements - continued |
For The Year Ended 28th February 2024 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 28.2.24 | 28.2.23 |
value: | £ | £ |
Ordinary | 0.003 | 484 | 415 |
During the year the company issued 22,845 £0.003 Ordinary shares on four separate occasions. On 1 May 2023, 2 May 2023 and 3 May 2023 17,933 shares were issued at value of £20.62502 per share. On 29 November 2023 4,912 shares were issued at a value of £22.39026 per share. The excess of value over the nominal value of these shares has been reported in the share premium account. The shares were issued wholly for cash and were fully paid up when they were issued. |