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REGISTERED NUMBER: 05161906 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Max Eyewear Ltd.

Max Eyewear Ltd. (Registered number: 05161906)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

Max Eyewear Ltd.

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mrs Durdana Naseer
Mr Naseer Uddin Bajwa





SECRETARY: Mrs Durdana Naseer





REGISTERED OFFICE: 6 Sispara Gardens
London
SW18 1LF





REGISTERED NUMBER: 05161906 (England and Wales)





ACCOUNTANTS: Chris Pantazis Ltd T/A CPS & Co
Chartered Accountants
10A Aldermans Hill
Palmers Green
London
N13 4PJ

Max Eyewear Ltd. (Registered number: 05161906)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 315,436 544,039

CURRENT ASSETS
Stocks 5 265,231 283,478
Debtors 6 316,048 148,471
Cash at bank and in hand 1,506,989 1,166,067
2,088,268 1,598,016
CREDITORS
Amounts falling due within one year 7 123,433 59,659
NET CURRENT ASSETS 1,964,835 1,538,357
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,280,271

2,082,396

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 2,280,171 2,082,296
SHAREHOLDERS' FUNDS 2,280,271 2,082,396

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 June 2025 and were signed on its behalf by:





Mr Naseer Uddin Bajwa - Director


Max Eyewear Ltd. (Registered number: 05161906)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Max Eyewear Ltd. 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.
Freehold property - in accordance with the property
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 6 ) .

Max Eyewear Ltd. (Registered number: 05161906)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2024 537,071 51,037 - 588,108
Additions - - 34,000 34,000
Disposals (252,710 ) - - (252,710 )
At 31 March 2025 284,361 51,037 34,000 369,398
DEPRECIATION
At 1 April 2024 - 44,069 - 44,069
Charge for year - 1,393 8,500 9,893
At 31 March 2025 - 45,462 8,500 53,962
NET BOOK VALUE
At 31 March 2025 284,361 5,575 25,500 315,436
At 31 March 2024 537,071 6,968 - 544,039

5. STOCKS
31.3.25 31.3.24
£    £   
Stocks 265,231 283,478

6. DEBTORS
31.3.25 31.3.24
£    £   
Amounts falling due within one year:
Trade debtors 108,493 120,100
Other debtors 3,697 28,371
Directors' current accounts 535 -
112,725 148,471

Amounts falling due after more than one year:
Loan to Pension Funds 203,323 -

Aggregate amounts 316,048 148,471

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors - 8,754
Tax 88,165 10,598
VAT 11,624 15,501
Other creditors 23,644 13,254
Directors' current accounts - 11,552
123,433 59,659

Max Eyewear Ltd. (Registered number: 05161906)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
100 Ordinary share £1.00 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2024 2,082,296
Profit for the year 332,875
Dividends (135,000 )
At 31 March 2025 2,280,171

10. RELATED PARTY DISCLOSURES

Transactions with the Pension Fund
During the year, the company entered into the following transactions with its pension fund, which is considered a related party due to the company's involvement in administering the fund:

Loan to Pension Fund:
The company provided a loan to the pension fund. As at 31 March 2025, the outstanding loan balance receivable from the pension fund was £203,323.

Interest income of £4,456 was earned during the year on the loan provided to the pension fund.

Rent paid:
During the year, the company was charged rent of £37,192 by the pension fund for its use of the property.

All transactions with the pension fund were conducted on normal commercial terms and at arm’s length.

Max Eyewear Ltd.

Report of the Accountants to the Directors of
Max Eyewear Ltd.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Chris Pantazis Ltd T/A CPS & Co
Chartered Accountants
10A Aldermans Hill
Palmers Green
London
N13 4PJ


9 June 2025