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REGISTERED NUMBER: 04347710 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

MAXNETT LIMITED

MAXNETT LIMITED (REGISTERED NUMBER: 04347710)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAXNETT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mr M J Day



SECRETARY: Mrs F K Day



REGISTERED OFFICE: Witton House
Lower Road
Chorleywood
Hertfordshire
WD3 5LD



REGISTERED NUMBER: 04347710 (England and Wales)



ACCOUNTANTS: Partridges Accountancy Services Limited
Chartered Certified Accountants
2nd Floor - Robert House
19 Station Road
Chinnor
Oxfordshire
OX39 4PU



BANKERS: Lloyds
High Wycombe Branch
High Wycombe
Buckinghamshire
HP11 2HL

MAXNETT LIMITED (REGISTERED NUMBER: 04347710)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 21,376 17,672

CURRENT ASSETS
Stocks 2,168 2,126
Debtors 5 105,700 77,988
Cash at bank 204,236 227,802
312,104 307,916
CREDITORS
Amounts falling due within one year 6 117,625 125,883
NET CURRENT ASSETS 194,479 182,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

215,855

199,705

PROVISIONS FOR LIABILITIES 3,979 3,256
NET ASSETS 211,876 196,449

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 211,774 196,347
SHAREHOLDERS' FUNDS 211,876 196,449

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

MAXNETT LIMITED (REGISTERED NUMBER: 04347710)

BALANCE SHEET - continued
31 AUGUST 2024


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 23 May 2025 and were signed by:





Mr M J Day - Director


MAXNETT LIMITED (REGISTERED NUMBER: 04347710)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Maxnett 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.
Plant and machinery etc - 25% on cost, 20% on cost and at varying rates on 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 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.

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.

MAXNETT LIMITED (REGISTERED NUMBER: 04347710)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 102,624
Additions 11,731
At 31 August 2024 114,355
DEPRECIATION
At 1 September 2023 84,952
Charge for year 8,027
At 31 August 2024 92,979
NET BOOK VALUE
At 31 August 2024 21,376
At 31 August 2023 17,672

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 56,623 26,673
Other debtors 49,077 51,315
105,700 77,988

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 12,537 11,668
Taxation and social security 46,853 54,855
Other creditors 58,235 59,360
117,625 125,883

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date Mr M J Day, the director of the company, was owed £1,559 by the company (2023 - £2,575 owed to Mr Day). The amount is repayable on demand and does not attract interest.