Registered number
12398493
Maxkeeper Limited
Unaudited Filleted Accounts
31 January 2024
Maxkeeper Limited
Registered number: 12398493
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 146,443 173,649
Current assets
Stocks 57,275 59,003
Debtors 4 839,084 173,526
Cash at bank and in hand 246,778 249,518
1,143,137 482,047
Creditors: amounts falling due within one year 5 (626,342) (571,643)
Net current assets/(liabilities) 516,795 (89,596)
Total assets less current liabilities 663,238 84,053
Creditors: amounts falling due after more than one year 6 (10,584) (22,364)
Net assets 652,654 61,689
Capital and reserves
Called up share capital 1 1
Profit and loss account 652,653 61,688
Shareholder's funds 652,654 61,689
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr K Y Leong
Director
Approved by the board on 16 October 2024
Maxkeeper Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 land and buildings over the lease term
Plant and machinery over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 22 14
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 February 2023 30,467 198,423 228,890
Additions - 19,941 19,941
Disposals - (1,885) (1,885)
At 31 January 2024 30,467 216,479 246,946
Depreciation
At 1 February 2023 2,344 52,897 55,241
Charge for the year 2,343 43,296 45,639
On disposals - (377) (377)
At 31 January 2024 4,687 95,816 100,503
Net book value
At 31 January 2024 25,780 120,663 146,443
At 31 January 2023 28,123 145,526 173,649
4 Debtors 2024 2023
£ £
Trade debtors - 7,359
Other debtors 839,084 166,167
839,084 173,526
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 11,607 10,968
Trade creditors 166,446 49,534
Taxation and social security costs 313,808 146,830
Other creditors 134,481 364,311
626,342 571,643
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,584 22,364
7 Controlling party
The company is under the control of the director, Mr K Y Leong by virtue of his shareholdings in the company.
8 Other information
Maxkeeper Limited is a private company limited by shares and incorporated in England. Its registered office is:
68 - 70 Shaftesbury Avenue
London
W1D 6LZ
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