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REGISTERED NUMBER: 03071832 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

MAXX DESIGN LIMITED

MAXX DESIGN LIMITED (REGISTERED NUMBER: 03071832)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAXX DESIGN LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Ms J Blaker
H D R De Courcy Robinson
Mrs W A Tinson





REGISTERED OFFICE: Suite 3a The Courtyard
London Road
Newbury
Berkshire
RG14 1AX





REGISTERED NUMBER: 03071832 (England and Wales)





ACCOUNTANTS: Calcutt Matthews WBZ Ltd
19 North Street
Ashford
Kent
TN24 8LF

MAXX DESIGN LIMITED (REGISTERED NUMBER: 03071832)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,773 14,936
Investments 5 79,914 70,000
102,687 84,936

CURRENT ASSETS
Stocks 37,834 57,244
Debtors 6 215,603 201,448
Cash at bank 485,017 459,797
738,454 718,489
CREDITORS
Amounts falling due within one year 7 240,768 334,026
NET CURRENT ASSETS 497,686 384,463
TOTAL ASSETS LESS CURRENT LIABILITIES 600,373 469,399

PROVISIONS FOR LIABILITIES 896 896
NET ASSETS 599,477 468,503

CAPITAL AND RESERVES
Called up share capital 53,000 53,000
Retained earnings 546,477 415,503
599,477 468,503

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

MAXX DESIGN LIMITED (REGISTERED NUMBER: 03071832)

Balance Sheet - continued
31 March 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 24 January 2025 and were signed on its behalf by:





J A Kaul - Director


MAXX DESIGN LIMITED (REGISTERED NUMBER: 03071832)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Maxx Design Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

MAXX DESIGN LIMITED (REGISTERED NUMBER: 03071832)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 58,704
Additions 22,092
Disposals (10,104 )
At 31 March 2024 70,692
DEPRECIATION
At 1 April 2023 43,768
Charge for year 13,758
Eliminated on disposal (9,607 )
At 31 March 2024 47,919
NET BOOK VALUE
At 31 March 2024 22,773
At 31 March 2023 14,936

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023 70,000
Additions 9,914
At 31 March 2024 79,914
NET BOOK VALUE
At 31 March 2024 79,914
At 31 March 2023 70,000

The company owns a 100% holding in David Noble Associates Ltd

MAXX DESIGN LIMITED (REGISTERED NUMBER: 03071832)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 160,312 155,966
Other debtors 55,291 45,482
215,603 201,448

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 44,975 66,418
Taxation and social security 128,070 109,683
Other creditors 67,723 157,925
240,768 334,026

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £39,382 were paid to the directors .

During the year the company made a loan to Mr HDR de Courcy Robinson. The loan has no specific repayment period and no interest has been paid.