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Company Registration No. 12597173 (England and Wales)
MAXFAXDENTALIMPLANTS LIMITED Unaudited accounts for the year ended 31 May 2024
MAXFAXDENTALIMPLANTS LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
MAXFAXDENTALIMPLANTS LIMITED Company Information for the year ended 31 May 2024
Directors
Jagtar DHANDA Eleanor DHANDA
Company Number
12597173 (England and Wales)
Registered Office
47 HASSOCKS ROAD HURSTPIERPOINT HASSOCKS BN6 9QL ENGLAND
Accountants
Sipher Accounting & Tax Regus Gatwick Churchill Court, 3 Manor Royal Crawley RH10 9LU
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MAXFAXDENTALIMPLANTS LIMITED Statement of financial position as at 31 May 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
144,053
102,989
Investments
5
599,196
-
743,249
102,989
Current assets
Debtors
6
660
-
Cash at bank and in hand
296,587
833,324
297,247
833,324
Creditors: amounts falling due within one year
7
(65,234)
(84,026)
Net current assets
232,013
749,298
Total assets less current liabilities
975,262
852,287
Creditors: amounts falling due after more than one year
8
(18,215)
(88,826)
Provisions for liabilities
Deferred tax
(27,421)
-
Net assets
929,626
763,461
Capital and reserves
Share premium
100
100
Profit and loss account
929,526
763,361
Shareholders' funds
929,626
763,461
For the year ending 31 May 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 21 May 2025 and were signed on its behalf by
Jagtar DHANDA Director Company Registration No. 12597173
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MAXFAXDENTALIMPLANTS LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
MAXFAXDENTALIMPLANTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12597173. The registered office is 47 HASSOCKS ROAD, HURSTPIERPOINT, HASSOCKS, BN6 9QL, ENGLAND.
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
25% reducing balance
Motor vehicles
20% straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 June 2023
103,602
50,500
154,102
Additions
83,121
39,554
122,675
Disposals
-
(50,500)
(50,500)
At 31 May 2024
186,723
39,554
226,277
Depreciation
At 1 June 2023
30,913
20,200
51,113
Charge for the year
41,423
9,888
51,311
On disposals
-
(20,200)
(20,200)
At 31 May 2024
72,336
9,888
82,224
Net book value
At 31 May 2024
114,387
29,666
144,053
At 31 May 2023
72,689
30,300
102,989
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MAXFAXDENTALIMPLANTS LIMITED Notes to the Accounts for the year ended 31 May 2024
5
Investments
Other investments
£
Valuation at 1 June 2023
-
Additions
599,196
Valuation at 31 May 2024
599,196
6
Debtors
2024
2023
£
£
Amounts falling due after more than one year
Other debtors
660
-
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,500
10,500
Obligations under finance leases and hire purchase contracts
-
6,000
Taxes and social security
50,636
66,026
Other creditors
2,598
-
Accruals
1,500
1,500
65,234
84,026
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
6,844
17,479
Obligations under finance leases and hire purchase contracts
-
30,352
Other creditors
11,371
40,995
18,215
88,826
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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