Maxwell Kusi Limited
Registered number: 09587323
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 120 150
Current assets
Cash at bank and in hand 4,779 5,828
Creditors: amounts falling due within one year 5 (9,206) (11,619)
Net current liabilities (4,427) (5,791)
Total assets less current liabilities (4,307) (5,641)
Creditors: amounts falling due after more than one year 6 (21,317) (25,913)
Net liabilities (25,624) (31,554)
Capital and reserves
Called up share capital 80 80
Profit and loss account (25,704) (31,634)
Shareholders' funds (25,624) (31,554)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Maxwell Kusi
Director
Approved by the board on 24 February 2025
Maxwell Kusi Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Audit information
These accounts have been audited by Ephraman & Co. Their audit report is unqualified and is signed on their behalf by , Senior Statutory Auditor.
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 890
At 31 May 2024 890
Depreciation
At 1 June 2023 740
Charge for the year 30
At 31 May 2024 770
Net book value
At 31 May 2024 120
At 31 May 2023 150
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,378 3,378
Other taxes and social security costs 5,053 7,471
Other creditors 775 770
9,206 11,619
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 3,371 6,747
Other creditors 17,946 19,166
21,317 25,913
7 Other information
Maxwell Kusi Limited is a private company limited by shares and incorporated in England. Its registered office is:
3 Stephen Court
Valley Road
Bromley
Kent
BR2 0HZ
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