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Registration number: 04413226

Maxline Agencies Ltd
 

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 31 March 2025

 

Maxline Agencies Ltd

(Registration number: 04413226)
Statement of Financial Position as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

1,949

1,652

Other financial assets

5

212,243

225,542

 

214,192

227,194

Current assets

 

Cash at bank and in hand

 

173,730

161,352

Creditors: Amounts falling due within one year

6

(130,663)

(139,821)

Net current assets

 

43,067

21,531

Total assets less current liabilities

 

257,259

248,725

Provisions for liabilities

(5,434)

(5,143)

Net assets

 

251,825

243,582

Capital and reserves

 

Called up share capital

10

10

Fair value reserve

21,587

20,587

Profit and loss account

230,228

222,985

Shareholders' funds

 

251,825

243,582

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Maxline Agencies Ltd

(Registration number: 04413226)
Statement of Financial Position as at 31 March 2025

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 21 July 2025 and signed on its behalf by:
 

.........................................
P E Kelly
Company secretary and director

 

Maxline Agencies Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: 15 Winchfield Court, Winchfield, Hook, Hants, RG27 8SP.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Maxline Agencies Ltd

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

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fittings, fixtures and equipment

25% Reducing balance

Investments

Investments are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Financial instruments

The Company enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like other debtors and creditors, and loans from related parties. The company also invests in public shares.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

Maxline Agencies Ltd

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

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 April 2024

5,956

5,956

Additions

1,928

1,928

Disposals

(2,418)

(2,418)

At 31 March 2025

5,466

5,466

Depreciation

At 1 April 2024

4,304

4,304

Charge for the year

611

611

Eliminated on disposal

(1,398)

(1,398)

At 31 March 2025

3,517

3,517

Carrying amount

At 31 March 2025

1,949

1,949

At 31 March 2024

1,652

1,652

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2024

225,542

225,542

Fair value adjustments

1,235

1,235

Additions

4,599

4,599

Disposals

(19,133)

(19,133)

At 31 March 2025

212,243

212,243

Impairment

Carrying amount

At 31 March 2025

212,243

212,243

 

Maxline Agencies Ltd

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

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Taxation and social security

775

421

Accruals and deferred income

960

900

Other creditors

128,928

138,500

130,663

139,821