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REGISTERED NUMBER: 08651165 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Maximum Respect Limited

Maximum Respect Limited (Registered number: 08651165)






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


Maximum Respect Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: J Owen
Mrs R J Owen





REGISTERED OFFICE: 7 Ty Nant Court
Morganstown
Cardiff
CF15 8LW





REGISTERED NUMBER: 08651165 (England and Wales)





ACCOUNTANTS: Norton Accountancy Ltd
7 Soundwell Road
Staple Hill
Bristol
BS16 4QG

Maximum Respect Limited (Registered number: 08651165)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 62,115 11,774
Investments 5 1,652,862 781,047
1,714,977 792,821

CURRENT ASSETS
Debtors 6 295,494 337,082
Cash at bank 137,654 285,325
433,148 622,407
CREDITORS
Amounts falling due within one year 7 (25,925 ) (229,857 )
NET CURRENT ASSETS 407,223 392,550
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,122,200

1,185,371

CREDITORS
Amounts falling due after more than one
year

8

(3,615

)

-
NET ASSETS 2,118,585 1,185,371

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,118,485 1,185,271
SHAREHOLDERS' FUNDS 2,118,585 1,185,371

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 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.

Maximum Respect Limited (Registered number: 08651165)

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 Board of Directors and authorised for issue on 9 May 2025 and were signed on its behalf by:





J Owen - Director


Maximum Respect Limited (Registered number: 08651165)

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

1. STATUTORY INFORMATION

Maximum Respect 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 as modified by the revaluation of certain assets.

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.

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
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 2 (2023 - 4 ) .

Maximum Respect Limited (Registered number: 08651165)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 42,802
Additions 80,935
At 31 August 2024 123,737
DEPRECIATION
At 1 September 2023 31,028
Charge for year 30,594
At 31 August 2024 61,622
NET BOOK VALUE
At 31 August 2024 62,115
At 31 August 2023 11,774

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 September 2023 781,047
Additions 491,109
Disposals (390,758 )
Revaluations 771,464
At 31 August 2024 1,652,862
NET BOOK VALUE
At 31 August 2024 1,652,862
At 31 August 2023 781,047

Cost or valuation at 31 August 2024 is represented by:

Other
investments
£   
Valuation in 2024 618,410
Cost 1,034,452
1,652,862

Maximum Respect Limited (Registered number: 08651165)

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

6. DEBTORS
31.8.24 31.8.23
£    £   
Amounts falling due within one year:
Trade debtors 39,055 55,284
Other debtors 237,118 262,477
276,173 317,761

Amounts falling due after more than one year:
Amounts owed by group undertakings 19,321 19,321

Aggregate amounts 295,494 337,082

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors - (1 )
Taxation and social security 22,566 226,501
Other creditors 3,359 3,357
25,925 229,857

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Amounts owed to group undertakings 3,615 -

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Knucks Ltd.