Company registration number 02674221 (England and Wales)
MAX Clock Cards Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 30 June 2024
PAGES FOR FILING WITH REGISTRAR
MAX Clock Cards Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
MAX Clock Cards Limited
Statement of financial position
as at 30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Stocks
27,089
32,093
Debtors
17,637
5,133
Cash at bank and in hand
18,483
36,259
63,209
73,485
Creditors: amounts falling due within one year
(5,417)
(10,916)
Net current assets
57,792
62,569
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
57,790
62,567
Total equity
57,792
62,569
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 14 November 2024 and are signed on its behalf by:
S L Broadbent
Director
Company registration number 02674221 (England and Wales)
MAX Clock Cards Limited
Notes to the financial statements
for the year ended 30 June 2024
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration received for goods provided in the normal course of business, and is shown net of VAT. Turnover is recognised on provision of goods.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
3
Company information
MAX Clock Cards Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 10e Top Land Country Business Park, Cragg Vale, Hebden Bridge, HX7 5RW.