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REGISTERED NUMBER: 07269367 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

MAXIMUS AGENCY LIMITED

MAXIMUS AGENCY LIMITED (REGISTERED NUMBER: 07269367)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MAXIMUS AGENCY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mr J Kennedy



SECRETARY:



REGISTERED OFFICE: Ashridge
Fitzroy Park
Highgate
London
N6 6HX



REGISTERED NUMBER: 07269367 (England and Wales)



ACCOUNTANTS: Anne Conneely & Co
199 Friern Barnet Lane
Whetstone
London N20 0NN

MAXIMUS AGENCY LIMITED (REGISTERED NUMBER: 07269367)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,598 8,396

CURRENT ASSETS
Debtors 5 581,177 543,320
Investments 6 50,888 15,888
Cash at bank 1,465,110 1,374,083
2,097,175 1,933,291
CREDITORS
Amounts falling due within one year 7 142,362 217,010
NET CURRENT ASSETS 1,954,813 1,716,281
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,960,411

1,724,677

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,960,410 1,724,676
SHAREHOLDERS' FUNDS 1,960,411 1,724,677

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 director acknowledges his 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.

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 director and authorised for issue on 27 March 2025 and were signed by:





Mr J Kennedy - Director


MAXIMUS AGENCY LIMITED (REGISTERED NUMBER: 07269367)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Maximus Agency 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.
Office Furniture - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

MAXIMUS AGENCY LIMITED (REGISTERED NUMBER: 07269367)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Office and Computer
Furniture fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 10,453 2,732 707 13,892
DEPRECIATION
At 1 July 2023 4,107 683 706 5,496
Charge for year 2,115 683 - 2,798
At 30 June 2024 6,222 1,366 706 8,294
NET BOOK VALUE
At 30 June 2024 4,231 1,366 1 5,598
At 30 June 2023 6,346 2,049 1 8,396

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 22,520 220,320
Other debtors 558,657 323,000
581,177 543,320

6. CURRENT ASSET INVESTMENTS
30.6.24 30.6.23
£    £   
Unlisted investments 50,888 15,888

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 2 2
Taxation and social security 132,399 167,515
Other creditors 9,961 49,493
142,362 217,010

8. RELATED PARTY DISCLOSURES

A loan of £303000 ( 2023 £303000) to Faha Ltd was outstanding at the end of the year. The loan is not a fixed term loan but no repayments are anticipated in the next twelve months.