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REGISTERED NUMBER: 01225179 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Maxons Limited

Maxons Limited (Registered number: 01225179)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Maxons Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mrs P Pitchfork
Mr C R Pitchfork
Mr S R Pitchfork



SECRETARY: Mrs P Pitchfork



REGISTERED OFFICE: Bradbury Street
Sheffield
S8 9QQ



REGISTERED NUMBER: 01225179 (England and Wales)



ACCOUNTANTS: ARP Brightmore Limited
Chartered Accountants
Fairholme Bungalow
Hathersage Road
Bamford
Hope Valley
S33 0EB



SOLICITORS: BPE Solicitors LLP
St James' House
St James' Square
Cheltenham
GL50 3PR

Maxons Limited (Registered number: 01225179)

Abridged Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 152,710 159,617
Investments 5 500 500
153,210 160,117

CURRENT ASSETS
Stocks 186,694 200,223
Debtors 107,133 188,684
Cash at bank 16,297 16,654
310,124 405,561
CREDITORS
Amounts falling due within one year 166,468 244,072
NET CURRENT ASSETS 143,656 161,489
TOTAL ASSETS LESS CURRENT
LIABILITIES

296,866

321,606

CREDITORS
Amounts falling due after more than one
year

(141,027

)

(117,523

)

PROVISIONS FOR LIABILITIES (16,827 ) (16,760 )
NET ASSETS 139,012 187,323

CAPITAL AND RESERVES
Called up share capital 134 134
Capital redemption reserve 16 16
Retained earnings 138,862 187,173
SHAREHOLDERS' FUNDS 139,012 187,323

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Maxons Limited (Registered number: 01225179)

Abridged Balance Sheet - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2025 and were signed on its behalf by:




Mr C R Pitchfork - Director



Mr S R Pitchfork - Director


Maxons Limited (Registered number: 01225179)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Maxons 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.

Preparation of consolidated financial statements
The financial statements contain information about Maxons Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Freehold property - 2% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Maxons Limited (Registered number: 01225179)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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.

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 17 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 1,056,417
Additions 15,972
At 31 December 2024 1,072,389
DEPRECIATION
At 1 January 2024 896,800
Charge for year 22,879
At 31 December 2024 919,679
NET BOOK VALUE
At 31 December 2024 152,710
At 31 December 2023 159,617

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2024
and 31 December 2024 500
NET BOOK VALUE
At 31 December 2024 500
At 31 December 2023 500