Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity1520truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07250901 2023-04-01 2024-03-31 07250901 2022-04-01 2023-03-31 07250901 2024-03-31 07250901 2023-03-31 07250901 2022-04-01 07250901 c:Director1 2023-04-01 2024-03-31 07250901 d:PlantMachinery 2023-04-01 2024-03-31 07250901 d:PlantMachinery 2024-03-31 07250901 d:PlantMachinery 2023-03-31 07250901 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07250901 d:MotorVehicles 2023-04-01 2024-03-31 07250901 d:MotorVehicles 2024-03-31 07250901 d:MotorVehicles 2023-03-31 07250901 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07250901 d:ComputerEquipment 2023-04-01 2024-03-31 07250901 d:ComputerEquipment 2024-03-31 07250901 d:ComputerEquipment 2023-03-31 07250901 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07250901 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07250901 d:CurrentFinancialInstruments 2024-03-31 07250901 d:CurrentFinancialInstruments 2023-03-31 07250901 d:Non-currentFinancialInstruments 2024-03-31 07250901 d:Non-currentFinancialInstruments 2023-03-31 07250901 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07250901 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07250901 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 07250901 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 07250901 d:ShareCapital 2024-03-31 07250901 d:ShareCapital 2023-03-31 07250901 d:RetainedEarningsAccumulatedLosses 2024-03-31 07250901 d:RetainedEarningsAccumulatedLosses 2023-03-31 07250901 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 07250901 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 07250901 d:RetirementBenefitObligationsDeferredTax 2024-03-31 07250901 d:RetirementBenefitObligationsDeferredTax 2023-03-31 07250901 c:OrdinaryShareClass1 2023-04-01 2024-03-31 07250901 c:OrdinaryShareClass1 2024-03-31 07250901 c:OrdinaryShareClass1 2023-03-31 07250901 c:FRS102 2023-04-01 2024-03-31 07250901 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07250901 c:FullAccounts 2023-04-01 2024-03-31 07250901 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07250901 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 07250901 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 07250901 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 07250901 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 07250901 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-03-31 07250901 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 07250901 d:LeasedAssetsHeldAsLessee 2024-03-31 07250901 d:LeasedAssetsHeldAsLessee 2023-03-31 07250901 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07250901










AMAX PROJECTS (FIRE AND SECURITY) LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024



 
AMAX PROJECTS (FIRE AND SECURITY) LTD
REGISTERED NUMBER: 07250901

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
60,039
25,948

  
60,039
25,948

Current assets
  

Stocks
  
62,293
60,989

Debtors: amounts falling due within one year
 5 
572,596
395,519

Cash at bank and in hand
 6 
73,359
53,143

  
708,248
509,651

Creditors: amounts falling due within one year
 7 
(891,208)
(759,684)

Net current liabilities
  
 
 
(182,960)
 
 
(250,033)

Total assets less current liabilities
  
(122,921)
(224,085)

Creditors: amounts falling due after more than one year
  
(26,401)
-

Deferred tax
 10 
(14,942)
-

  
 
 
(14,942)
 
 
-

Net liabilities
  
(164,264)
(224,085)


Capital and reserves
  

Called up share capital 
 11 
1
1

Profit and loss account
  
(164,265)
(224,086)

  
(164,264)
(224,085)


Page 1

 
AMAX PROJECTS (FIRE AND SECURITY) LTD
REGISTERED NUMBER: 07250901

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




P Mehta
Director

Date: 30 January 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
AMAX PROJECTS (FIRE AND SECURITY) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Amax Projects (Fire and Security) Ltd is a private Company, limited by share capital and incorporated in England and Wales.
The Company's registered office address and principal place of business is Amax House, B1b Neptune Road, Harrow, Middlesex, HA1 4HX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

The Company has net liabilities is £164,264 (2023: £224,085). The directors have indicated that they are willing to continue to provide funding to support the Company, to enable the Company to meet its third party liabilities as they fall due, therefore the accounts have been prepared on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
AMAX PROJECTS (FIRE AND SECURITY) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
AMAX PROJECTS (FIRE AND SECURITY) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
10%
Motor vehicles
-
25%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
AMAX PROJECTS (FIRE AND SECURITY) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2023 - 20).

Page 6

 
AMAX PROJECTS (FIRE AND SECURITY) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
15,298
20,000
4,800
40,098


Additions
-
39,558
-
39,558



At 31 March 2024

15,298
59,558
4,800
79,656



Depreciation


At 1 April 2023
3,010
8,984
2,156
14,150


Charge for the year on owned assets
1,228
3,578
661
5,467



At 31 March 2024

4,238
12,562
2,817
19,617



Net book value



At 31 March 2024
11,060
46,996
1,983
60,039



At 31 March 2023
12,288
11,016
2,644
25,948

Page 7

 
AMAX PROJECTS (FIRE AND SECURITY) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

           4.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
38,734
-

38,734
-


5.


Debtors

2024
2023
£
£

Trade debtors
545,934
388,852

Amounts owed by group undertakings
24,167
6,667

Other debtors
2,495
-

572,596
395,519



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
73,359
53,143

73,359
53,143



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
184,392
114,117

Amounts owed to group undertakings
531,624
503,877

Other taxation and social security
132,053
135,607

Obligations under finance lease and hire purchase contracts
8,968
-

Other creditors
2,331
3,333

Accruals and deferred income
31,840
2,750

891,208
759,684


Page 8

 
AMAX PROJECTS (FIRE AND SECURITY) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
26,401
-

26,401
-



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
9,342
-

Between 1-5 years
26,401
-

35,743
-


10.


Deferred taxation




2024
2023


£

£






At beginning of year
-
(9,262)


Charged to profit or loss
(14,942)
9,262



At end of year
(14,942)
-

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(15,010)
-

Short term timing differences
68
-

(14,942)
-

Page 9

 
AMAX PROJECTS (FIRE AND SECURITY) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1
1
1



12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £10,724 (2023: £19,061). Contributions totalling £252 (2023: £675) were payable to the fund at the balance sheet date are included in other creditors.


13.


Related party transactions

As a wholly owned subsidiary, the Company is exempt from disclosing transactions with 100% owned
members of the group headed up by Amax Holdings London Ltd, in accordance with FRS102 paragraph
33.1A.


14.


Controlling party

The Company is controlled  by Amax Holdings London Limited, by virtue of their 100% shareholding.


Page 10