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REGISTERED NUMBER: 05324225 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Max Ski Limited

Max Ski Limited (Registered number: 05324225)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Max Ski Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: J Bedford
T Bedford





REGISTERED OFFICE: 2 The Calls
Leeds
West Yorkshire
LS2 7JU





REGISTERED NUMBER: 05324225 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Oak Tree House, Harwood Road
Northminster Business Park
Upper Poppleton
York
YO26 6QU

Max Ski Limited (Registered number: 05324225)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,106 12,059

CURRENT ASSETS
Debtors 5 928,155 540,163
Cash at bank and in hand 139,255 69,582
1,067,410 609,745
CREDITORS
Amounts falling due within one year 6 1,127,538 760,250
NET CURRENT LIABILITIES (60,128 ) (150,505 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(53,022

)

(138,446

)

CREDITORS
Amounts falling due after more than one
year

7

9,167

19,167
NET LIABILITIES (62,189 ) (157,613 )

CAPITAL AND RESERVES
Called up share capital 8 42,002 42,002
Retained earnings (104,191 ) (199,615 )
SHAREHOLDERS' FUNDS (62,189 ) (157,613 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

Max Ski Limited (Registered number: 05324225)

Balance Sheet - continued
30 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





T Bedford - Director


Max Ski Limited (Registered number: 05324225)

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

1. STATUTORY INFORMATION

Max Ski 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

The financial statements are prepared on the going concern basis which assumes that the company will continue to trade. However the validity of the going concern basis is dependent upon the support of the creditors and the directors. Should the company be unable to continue trading, adjustments would have to be made to reduce the value of the assets to their recoverable amounts, to provide for any further liabilities which might arise, and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Income recognition
Income is recognised when the conditions contained within a contract for services have been met.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

Fixed assets are initially recognised at cost and subsequently carried at cost less accumulated depreciation and impairment.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

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


Max Ski Limited (Registered number: 05324225)

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

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 544 39,363 24,246 64,153
Additions - - 1,787 1,787
Disposals - - (8,677 ) (8,677 )
At 30 June 2024 544 39,363 17,356 57,263
DEPRECIATION
At 1 July 2023 295 39,363 12,436 52,094
Charge for year 54 - 2,006 2,060
Eliminated on disposal - - (3,997 ) (3,997 )
At 30 June 2024 349 39,363 10,445 50,157
NET BOOK VALUE
At 30 June 2024 195 - 6,911 7,106
At 30 June 2023 249 - 11,810 12,059

Max Ski Limited (Registered number: 05324225)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 338,129 153,224
Other debtors 21,622 26,052
Directors' current accounts 42,733 77,191
VAT 233,758 -
Prepayments and accrued income 291,913 283,696
928,155 540,163

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 49,487 -
Taxation and social security 9,860 52,806
VAT - 182,353
Other creditors 38,795 16,233
Directors' current accounts 104,328 -
Accruals and deferred income 915,068 498,858
1,127,538 760,250

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 9,167 10,000
Bank loans - 2-5 years - 9,167
9,167 19,167

The bank loan is repayable over 6 years, with no repayment due for the first year, at an interest rate of 2.5% commencing after 1 year. The loan is due to mature in May 2026.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
27,902 A Ordinary £1 27,902 27,902
3,100 B Ordinary £1 3,100 3,100
11,000 C Ordinary £1 11,000 11,000
42,002 42,002

Max Ski Limited (Registered number: 05324225)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
J Bedford
Balance outstanding at start of year - 28,300
Amounts advanced - 105,008
Amounts repaid - (133,308 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

T Bedford
Balance outstanding at start of year 77,191 49,045
Amounts advanced 43,079 109,002
Amounts repaid (77,537 ) (80,856 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 42,733 77,191

No interest has been charged.

10. RELATED PARTY DISCLOSURES

2024 2023

Personnel of the entity:

Amounts due to directors 104,328 -



No interest has been charged.

11. FIRST YEAR ADOPTION

1.07.22 30.06.23

Equity as reported under UK GAAP 64,668 (157,613 )

Equity as restated under FRS102 64,668 (157,613 )