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Registered number: 06403002
Max Building Services Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Maurice J Bushell & Co Ltd.
Chartered Certified Accountants
Office 12
Epsilon House
Ipswich
Suffolk
IP3 9FJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06403002
31 May 2024 31 May 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 1,523
Tangible Assets 5 195,044 235,472
195,044 236,995
CURRENT ASSETS
Stocks 6 960 850
Debtors 7 7,275 334,668
Investments 8 51,138 51,138
Cash at bank and in hand 684,389 231,086
743,762 617,742
Creditors: Amounts Falling Due Within One Year 9 (392,902 ) (404,997 )
NET CURRENT ASSETS (LIABILITIES) 350,860 212,745
TOTAL ASSETS LESS CURRENT LIABILITIES 545,904 449,740
Creditors: Amounts Falling Due After More Than One Year 10 (8,292 ) (28,609 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (31,730 ) (39,721 )
NET ASSETS 505,882 381,410
CAPITAL AND RESERVES
Called up share capital 12 4 4
Profit and Loss Account 505,878 381,406
SHAREHOLDERS' FUNDS 505,882 381,410
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For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Vasile Soldanescu
Director
25 October 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Max Building Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06403002 . The registered office is 88 Antelope Road, Room 3, London, England, SE18 5QG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website design and development work. It is amortised to profit and loss account over its estimated economic life of five years.

2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on cost
Motor Vehicles 8% reducing balance
Fixtures & Fittings 20% on cost
Computer Equipment 20% on cost
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Intangible Assets
Other
£
Cost
As at 1 June 2023 10,155
As at 31 May 2024 10,155
Amortisation
As at 1 June 2023 8,632
Provided during the period 1,523
As at 31 May 2024 10,155
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 1,523
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2023 48,839 285,066 6,416 25,589 365,910
Additions 304 5,000 3,523 2,934 11,761
Disposals - (33,750 ) - - (33,750 )
As at 31 May 2024 49,143 256,316 9,939 28,523 343,921
...CONTINUED
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Depreciation
As at 1 June 2023 44,961 70,732 3,713 11,032 130,438
Provided during the period 1,418 14,862 1,639 5,704 23,623
Disposals - (5,184 ) - - (5,184 )
As at 31 May 2024 46,379 80,410 5,352 16,736 148,877
Net Book Value
As at 31 May 2024 2,764 175,906 4,587 11,787 195,044
As at 1 June 2023 3,878 214,334 2,703 14,557 235,472
6. Stocks
31 May 2024 31 May 2023
£ £
Materials 960 850
7. Debtors
31 May 2024 31 May 2023
£ £
Due within one year
Trade debtors 7,239 334,668
Director's loan account 36 -
7,275 334,668
8. Current Asset Investments
31 May 2024 31 May 2023
£ £
Short term deposits 51,138 51,138
The investments held in the company relate to money invested on silver and gold commodities. 
9. Creditors: Amounts Falling Due Within One Year
31 May 2024 31 May 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,062 16,672
Trade creditors 78,985 60,078
Bank loans and overdrafts - 30,032
Corporation tax 67,568 32,445
Other taxes and social security 295 684
VAT 218,946 240,602
Net wages 118 -
CIS Liability 5,970 6,582
Volkswagen Financial Services - less than 1 year 2,310 6,929
Bounce back loan (Less than 1 year) 10,648 10,648
Accruals and deferred income - 323
Director's loan account - 2
392,902 404,997
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10. Creditors: Amounts Falling Due After More Than One Year
31 May 2024 31 May 2023
£ £
Net obligations under finance lease and hire purchase contracts - 7,358
Bounce back loan (More than 1 year) 8,292 18,941
Volkswagen Financial Services - more than 1 year - 2,310
8,292 28,609
11. Obligations Under Finance Leases and Hire Purchase
31 May 2024 31 May 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,062 16,672
Later than one year and not later than five years - 7,358
8,062 24,030
8,062 24,030
12. Share Capital
31 May 2024 31 May 2023
£ £
Allotted, Called up and fully paid 4 4
13. Related Party Transactions
During the accounting period the company paid £623,000 as Contribution to incentive scheme. This amount is reflected in the profit and loss account.
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