MAX Q (UK) LIMITED
Registered number: 07044627
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,800 2,250
Current assets
Debtors 4 545,024 437,158
Cash at bank and in hand 895,966 966,748
1,440,990 1,403,906
Creditors: amounts falling due within one year 5 (66,194) (181,413)
Net current assets 1,374,796 1,222,493
Total assets less current liabilities 1,376,596 1,224,743
Creditors: amounts falling due after more than one year 6 (66,739) (66,739)
Net assets 1,309,857 1,158,004
Capital and reserves
Called up share capital 120 120
Profit and loss account 1,309,737 1,157,884
Shareholders' funds 1,309,857 1,158,004
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
C. Gittins
Director
Approved by the board on 10 October 2024
MAX Q (UK) LIMITED
Notes to the Accounts
for the year ended 30 June 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.
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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 9,818
At 30 June 2024 9,818
Depreciation
At 1 July 2023 7,568
Charge for the year 450
At 30 June 2024 8,018
Net book value
At 30 June 2024 1,800
At 30 June 2023 2,250
4 Debtors 2024 2023
£ £
Trade debtors 142,057 118,643
Prepayments 351,389 106,406
Other debtors 51,578 212,109
545,024 437,158
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 61,370 66,962
Other taxes and social security costs 1,109 1,109
Other creditors 3,715 113,342
66,194 181,413
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 66,739 66,739
7 Other information
MAX Q (UK) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
4 South Walk
West Wickham
Kent
BR4 9JA
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