REGISTERED NUMBER: 03290362 (England and Wales)

Maximum Protection Services Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Director:

B Snowden

Secretary:

Miss A Snowden

Registered office:

Unit 5

Petre Road

Clayton Park Industrial Estate

Clayton-Le-Moor

Lancashire

BB5 5JB

Registered number:

03290362 (England and Wales)

Accountants:

Warr & Co Limited

Chartered Accountants

Mynshull House

78 Churchgate

Stockport

Cheshire

SK1 1YJ

Fixed assets

Tangible assets

4

384,706

423,316

Current assets

Stocks

138,223

78,151

Debtors

5

176,323

306,661

Cash at bank and in hand

77,904

181,885

392,450

566,697

Creditors

Amounts falling due within one year

6

(564,642

)

(672,834

)

Net current liabilities

(172,192

)

(106,137

)

Total assets less current liabilities

212,514

317,179

Creditors

Amounts falling due after more than one year

7

(113,603

)

(113,125

)

Provisions for liabilities

(17,181

)

(34,878

)

Net assets

81,730

169,176

Capital and reserves

Called up share capital

100

100

Retained earnings

81,630

169,076

Shareholders' funds

81,730

169,176

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 31 March 2025 and were signed by:

B Snowden - Director

1.	Statutory information

Maximum Protection Services 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

30% on reducing balance, 25% on reducing balance and 15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 23 (2023 - 25 ) .

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 July 2023

860,951

Additions

197,637

Disposals

(325,679

)

At 30 June 2024

732,909

Depreciation

At 1 July 2023

437,635

Charge for year

121,242

Eliminated on disposal

(210,674

)

At 30 June 2024

348,203

Net book value

At 30 June 2024

384,706

At 30 June 2023

423,316

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

Cost

At 1 July 2023

379,130

Additions

86,724

Disposals

(170,014

)

Transfer to ownership

(31,776

)

At 30 June 2024

264,064

Depreciation

At 1 July 2023

169,725

Charge for year

51,713

Eliminated on disposal

(94,184

)

Transfer to ownership

(18,370

)

At 30 June 2024

108,884

Net book value

At 30 June 2024

155,180

At 30 June 2023

209,405

5.

Debtors: amounts falling due within one year

30.6.24

30.6.23

£

£

Trade debtors

104,984

279,208

Other debtors

71,339

27,453

176,323

306,661

6.

Creditors: amounts falling due within one year

30.6.24

30.6.23

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

57,763

75,953

Trade creditors

78,817

142,673

Taxation and social security

95,601

179,802

Other creditors

322,461

264,406

564,642

672,834

7.

Creditors: amounts falling due after more than one year

30.6.24

30.6.23

£

£

Bank loans

10,723

20,705

Hire purchase contracts

102,880

92,420

113,603

113,125

8.	Other financial commitments

At the end of the year the company had total commitments under operating leases expiring within one year of £17,800 (2023 £17,800).

9.	Director's advances, credits and guarantees

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

30.6.24

30.6.23

£

£

B Snowden

Balance outstanding at start of year

-

-

Amounts advanced

41,020

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

41,020

-