2023-07-012024-06-302024-06-30false12033457Maximus Aequus 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Maximus Aequus Ltd

Registered Number
12033457
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

Maximus Aequus Ltd
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

Simon A M Corner
Jonathan Hickton

Company Secretary

Lee M Turner

Registered Address

The Estate Office Thorngrove
Sinton Green
Worcester
WR2 6NP

Registered Number

12033457 (England and Wales)
Maximus Aequus Ltd
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors321,13532,201
Cash at bank and on hand384455
21,51932,656
Creditors amounts falling due within one year4(13,100)(13,476)
Net current assets (liabilities)8,41919,180
Total assets less current liabilities8,41919,180
Creditors amounts falling due after one year5(9,167)(19,166)
Net assets(748)14
Capital and reserves
Called up share capital100100
Profit and loss account(848)(86)
Shareholders' funds(748)14
The financial statements were approved and authorised for issue by the Board of Directors on 25 March 2025, and are signed on its behalf by:
Jonathan Hickton
Director
Registered Company No. 12033457
Maximus Aequus Ltd
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
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 (as applied to small entities by section 1A of the standard).
Turnover policy
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.
Revenue from sale of goods
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year00
3.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-5
Amounts owed by associates and joint ventures / participating interests16,58526,788
Other debtors-38
Prepayments and accrued income4,5505,370
Total21,13532,201
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-2,276
Bank borrowings and overdrafts10,00010,000
Amounts owed to related parties2,750500
Accrued liabilities and deferred income350700
Total13,10013,476
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. A Bounce Back Loan is denominated in sterling with a nominal interest rate of 2.5%, and the final instalment is due on 20 May 2026. The repayments due within one year at the period end is £10,000. The Government guarantees 100% of the loan.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts9,16719,166
Total9,16719,166
A Bounce Back Loan is denominated in sterling with a nominal interest rate of 2.5%, and the final instalment is due on 20 May 2026. The repayments due after one year at the period end are £9,166. The Government guarantees 100% of the loan.