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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
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
81,250 
150,000 
Investments
40,000 
- 
121,250 
150,000 
Current assets
Debtors
76,158 
1,800 
Cash at bank and in hand
33,188 
7,153 
109,346 
8,953 
Creditors: amounts falling due within one year
(584,855)
(549,379)
Net current liabilities
(475,509)
(540,426)
Net liabilities
(354,259)
(390,426)
Capital and reserves
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
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Amax Holdings Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
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.
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.
Turnover
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.
Going concern
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
Investments are included at cost less provision for diminution in value.
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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 
Depreciation
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 
Net book value
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
- 
Additions
40,000 
Valuation at 30 September 2024
40,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
75,000 
- 
Accrued income and prepayments
- 
1,800 
Other debtors
1,158 
- 
76,158 
1,800 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
99,000 
VAT
- 
1,331 
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 
Accruals
13,324 
4,500 
584,855 
549,379 
- 4 -
Amax Holdings Limited Notes to the Accounts for the year ended 30 September 2024
8
Share capital
2024 
2023 
£ 
£ 
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).
- 5 -