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Company Registration No. 02399168 (England and Wales)
The Maxim Design Group Limited Unaudited accounts for the year ended 31 August 2024
The Maxim Design Group Limited Unaudited accounts Contents
Page
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The Maxim Design Group Limited Company Information for the year ended 31 August 2024
Directors
Paul Dean Gary Souter Philip George Toovey
Company Number
02399168 (England and Wales)
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The Maxim Design Group Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
58,735 
63,235 
Debtors
23,878 
418,850 
Cash at bank and in hand
158,086 
162,797 
240,699 
644,882 
Creditors: amounts falling due within one year
(214,154)
(609,033)
Net current assets
26,545 
35,849 
Total assets less current liabilities
26,545 
35,849 
Creditors: amounts falling due after more than one year
(14,353)
(24,354)
Net assets
12,192 
11,495 
Capital and reserves
Called up share capital
50 
50 
Profit and loss account
12,142 
11,445 
Shareholders' funds
12,192 
11,495 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2025 and were signed on its behalf by
Paul Dean Director Company Registration No. 02399168
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The Maxim Design Group Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
The Maxim Design Group Limited is a private company, limited by shares, registered in England and Wales, registration number 02399168.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% SL
Fixtures & fittings
20% SL
Computer equipment
20% SL
4
Intangible fixed assets
Other 
£ 
Cost
At 1 September 2023
124,852 
At 31 August 2024
124,852 
Amortisation
At 1 September 2023
124,852 
At 31 August 2024
124,852 
Net book value
At 31 August 2024
- 
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The Maxim Design Group Limited Notes to the Accounts for the year ended 31 August 2024
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
170,868 
81,193 
97,198 
349,259 
At 31 August 2024
170,868 
81,193 
97,198 
349,259 
Depreciation
At 1 September 2023
170,868 
81,193 
97,198 
349,259 
At 31 August 2024
170,868 
81,193 
97,198 
349,259 
Net book value
At 31 August 2024
- 
- 
- 
- 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
23,248 
418,570 
Accrued income and prepayments
630 
280 
23,878 
418,850 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,644 
10,644 
VAT
2,987 
32,767 
Trade creditors
12,653 
185,560 
Taxes and social security
(10,193)
6,799 
Accruals
198,063 
373,263 
214,154 
609,033 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
14,353 
24,354 
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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