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REGISTERED NUMBER: 08468354 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30th June 2024

for

Maxwell Poultry Ltd

Maxwell Poultry Ltd (Registered number: 08468354)

Contents of the Financial Statements
for the Year Ended 30th June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Maxwell Poultry Ltd

Company Information
for the Year Ended 30th June 2024







DIRECTORS: Mr L Maxwell
Mrs JL Maxwell





SECRETARY: Mrs JL Maxwell





REGISTERED OFFICE: Seeds Farm
Brock Road
Great Eccleston
Preston
Lancashire
PR3 0XE





REGISTERED NUMBER: 08468354 (England and Wales)





ACCOUNTANTS: Towers + Gornall Ltd
Chartered Certified Accountants
River View
96 High Street
Garstang
Preston
Lancashire
PR3 1WZ

Maxwell Poultry Ltd (Registered number: 08468354)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,220,821 910,366
1,220,821 910,366

CURRENT ASSETS
Stocks 136,151 125,668
Debtors 6 164,845 53,510
Cash at bank 259,068 495,899
560,064 675,077
CREDITORS
Amounts falling due within one year 7 513,937 454,521
NET CURRENT ASSETS 46,127 220,556
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,266,948

1,130,922

CREDITORS
Amounts falling due after more than one
year

8

(437,396

)

(477,778

)

PROVISIONS FOR LIABILITIES (51,085 ) (29,965 )
NET ASSETS 778,467 623,179

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 778,367 623,079
SHAREHOLDERS' FUNDS 778,467 623,179

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Maxwell Poultry Ltd (Registered number: 08468354)

Balance Sheet - continued
30th June 2024


The 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, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th November 2024 and were signed on its behalf by:




Mr L Maxwell - Director



Mrs JL Maxwell - Director


Maxwell Poultry Ltd (Registered number: 08468354)

Notes to the Financial Statements
for the Year Ended 30th June 2024


1. STATUTORY INFORMATION

Maxwell Poultry Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of eight years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

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.

Maxwell Poultry Ltd (Registered number: 08468354)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st July 2023
and 30th June 2024 200,000
AMORTISATION
At 1st July 2023
and 30th June 2024 200,000
NET BOOK VALUE
At 30th June 2024 -
At 30th June 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st July 2023 790,502 172,155 962,657
Additions 167,087 166,172 333,259
Disposals - (1,550 ) (1,550 )
At 30th June 2024 957,589 336,777 1,294,366
DEPRECIATION
At 1st July 2023 - 52,291 52,291
Charge for year - 22,717 22,717
Eliminated on disposal - (1,463 ) (1,463 )
At 30th June 2024 - 73,545 73,545
NET BOOK VALUE
At 30th June 2024 957,589 263,232 1,220,821
At 30th June 2023 790,502 119,864 910,366

Included in cost of land and buildings is freehold land of £ 790,502 (2023 - £ 790,502 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 164,845 53,510

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 52,936 62,454
Trade creditors 201,698 214,845
Taxation and social security - 23,084
Other creditors 259,303 154,138
513,937 454,521

Maxwell Poultry Ltd (Registered number: 08468354)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 437,396 477,778

Amounts falling due in more than five years:

Repayable by instalments
Bank loan >5 years 142,771 180,921
Bank loan >5 years 48,048 43,092
190,819 224,013

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank Loan 282,285 305,939
Bank Loan 208,048 234,292
490,333 540,231

10. RESERVES
Retained
earnings
£   

At 1st July 2023 623,079
Profit for the year 230,088
Dividends (74,800 )
At 30th June 2024 778,367

11. RELATED PARTY DISCLOSURES

At 30 June 2024 the company owed £169,078 to its directors (2023 £101,938) No interest has been charged to the company in respect of this loan which is repayable on demand and classified in creditors due within one year.

The ultimate controlling party is Mr and Mrs L Maxwell.