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Registered number: 04196888

Maxwell Homes Limited

ACCOUNTS
FOR THE YEAR ENDED 30/04/2024

Prepared By:
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Maxwell Homes Limited

ACCOUNTS
FOR THE YEAR ENDED 30/04/2024
DIRECTORS
A C Wildsmith
A Wildsmith
N H Wildsmith-Gibbs
REGISTERED OFFICE
6 Brunswick Street
Carlisle
CA1 1PN
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04196888
BANKERS
Lloyds TSB plc
ACCOUNTANTS
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Maxwell Homes Limited

ACCOUNTS
FOR THEYEARENDED30/04/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Maxwell Homes Limited

BALANCE SHEET AT 30/04/2024
20242023
Notes££
FIXED ASSETS
Tangible assets22,0612,749
CURRENT ASSETS
Stock269,582297,984
Cash at bank and in hand284,299255,407
553,881553,391
CREDITORS: Amounts falling due within one year4324,352326,952
NET CURRENT ASSETS229,529226,439
TOTAL ASSETS LESS CURRENT LIABILITIES231,590229,188
CAPITAL AND RESERVES
Called up share capital6120120
Profit and loss account231,470229,068
SHAREHOLDERS' FUNDS231,590229,188
For the year ending 30/04/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 21/01/2025 and signed on their behalf by
.............................
A Wildsmith
Director

Maxwell Homes Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/04/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Office Equipmentreducing balance 25%
Motor Vehiclesreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Maxwell Homes Limited

2. TANGIBLE FIXED ASSETS
EquipmentMotor CarsTotal
£££
Cost
At 01/05/202329,77667,80297,578
At 30/04/202429,77667,80297,578
Depreciation
At 01/05/202327,90166,92894,829
For the year469219688
At 30/04/202428,37067,14795,517
Net Book Amounts
At 30/04/20241,4066552,061
At 30/04/20231,8758742,749
3. STOCK 20242023
££
Stock comprises:
Stock and work in progress269,582297,984
269,582297,984
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Directors current account323,752326,352
Accruals600600
324,352326,952
5. EMPLOYEES
20242023
No.No.
Average number of employees--

Maxwell Homes Limited

6. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
120 Ordinary shares of £1 each120120
120120
7. RELATED PARTY TRANSACTIONS
No dividends were paid to the directors during the year (2023 - £Nil).
At the balance sheet date the company owed £323,752 to the directors (2023 - £326,352). This amount is interest free and repayable on demand.
No remuneration was paid to the directors during the year (2023 - £Nil).