Company Registration No. NI645238 (Northern Ireland)
Amax Holdings Limited
Unaudited accounts
for the year ended 30 September 2024
Amax Holdings Limited
Statement of financial position
as at 30 September 2024
Tangible assets
81,250
150,000
Cash at bank and in hand
33,188
7,153
Creditors: amounts falling due within one year
(584,855)
(549,379)
Net current liabilities
(475,509)
(540,426)
Net liabilities
(354,259)
(390,426)
Called up share capital
2
2
Profit and loss account
(354,261)
(390,428)
Shareholders' funds
(354,259)
(390,426)
For the year ending 30 September 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 director acknowledges his 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 and authorised for issue on 23 June 2025 and were signed on its behalf by
Andrew Maxwell
Director
Company Registration No. NI645238
Amax Holdings Limited
Notes to the Accounts
for the year ended 30 September 2024
Amax Holdings Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI645238. The registered office is Unit 2 Channel Wharf , 21 Old Channel Road, Belfast, BT3 9DE, Northern Ireland.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from consultancy services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The directors believe that AMAX Holdings Limited has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the AMAX Holdings Limited continues to adopt the going concern basis in preparation of its financial statements.
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:
Land & buildings
10% Straight Line
Plant & machinery
15% Straight Line
Fixtures & fittings
15% Straight Line
Investments are included at cost less provision for diminution in value.
Amax Holdings Limited
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
180,591
107,283
50,138
338,012
Disposals
(42,106)
(107,283)
(50,138)
(199,527)
At 30 September 2024
138,485
-
-
138,485
At 1 October 2023
99,620
60,609
27,783
188,012
On disposals
(42,385)
(60,609)
(27,783)
(130,777)
At 30 September 2024
57,235
-
-
57,235
At 30 September 2024
81,250
-
-
81,250
At 30 September 2023
80,971
46,674
22,355
150,000
5
Investments
Other investments
Valuation at 1 October 2023
-
Valuation at 30 September 2024
40,000
Amounts falling due within one year
Accrued income and prepayments
-
1,800
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
99,000
Trade creditors
1,737
1,440
Taxes and social security
3,640
13,140
Other creditors
112,734
110,000
Loans from directors
453,420
319,968
Amax Holdings Limited
Notes to the Accounts
for the year ended 30 September 2024
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 0 (2023: 3).