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Registered Number: 04771395
England and Wales
MAXFE LIMITED
Unaudited Financial Statements
Period of accounts Start date: 01 November 2023 End date: 31 October 2024

Maxfe Limited Contents Page For the year ended 31 October 2024
Company information | 1
Directors' report | 2
Statement of financial position | 3
Notes to the financial statements | 4

Maxfe Limited Company Information For the year ended 31 October 2024
Directors | Marc Ashley Barlow Julia Karen Barlow
Registered Number | 04771395
Registered Office | 65 Peach Street Wokingham, Berkshire United Kingdom RG40 1XP
Secretary | Julia Karen Barlow
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Maxfe Limited Directors' Report For the year ended 31 October 2024
Director's report and financial statements The directors present their annual report and the financial statements for the year ended 31 October 2024. Principal activities Principal activity of the company during the financial year was of other retail sale of new goods in specialised stores. Directors The directors who served the company throughout the year were as follows:
Marc Ashley Barlow
Julia Karen Barlow
This report was approved by the board and signed on its behalf by:
---------------------------------- Marc Ashley Barlow Director
Date approved: 05 September 2025 2

Maxfe Limited Statement of Financial Position As at 31 October 2024
| Notes | 2024 £ |  | 2023 £
--- | --- | --- | --- | ---
Fixed assets |  |  |
Intangible fixed assets | 3 | 3,305 |  | 8,820
Tangible fixed assets | 4 | 69,606 |  | 13,916
|  | 72,911 |  | 22,736
Current assets |  |  |
Stocks | 5 | 302,570 |  | 330,924
Debtors | 6 | 108,383 |  | 45,172
Cash at bank and in hand |  | 332,432 |  | 198,228
|  | 743,385 |  | 574,324
Creditors: amount falling due within one year | 7 | (360,634) |  | (370,711)
Net current assets |  | 382,751 |  | 203,613
Total assets less current liabilities |  | 455,662 |  | 226,349
Creditors: amount falling due after more than one year | 8 | (50,130) |  | -
Provisions for liabilities | 9 | (17,189) |  | (3,480)
Net assets |  | 388,343 |  | 222,869
Capital and reserves |  |  |
Called up share capital |  | 100 |  | 100
Profit and loss account |  | 388,243 |  | 222,769
Shareholders' funds |  | 388,343 |  | 222,869
For the year ended 31 October 2024 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. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These 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 to the Registrar of Companies. The financial statements were approved by the board of directors on 05 September 2025 and were signed on its behalf by:
------------------------------- Marc Ashley Barlow Director
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Maxfe Limited Notes to the Financial Statements For the year ended 31 October 2024
General Information Maxfe Limited is a private company, limited by shares, registered in England and Wales, registration number 04771395, registration address 65 Peach Street, Wokingham, Berkshire, United Kingdom, RG40 1XP. The presentation currency is £ sterling.
1. | Accounting policies Significant accounting policies Statement of compliance These financial statements have been prepared in compliance with FRS 102.1A The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. Basis of preparation The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company. Turnover Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Taxation Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Current and deferred tax assets and liabilities are not discounted Deferred taxation Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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. Current and deferred tax assets and liabilities are not discounted. Intangible assets Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. Software License Software License is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the Software License of 5 years. Tangible fixed assets Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery | 20% Straight Line
Motor Vehicles | 25% Reducing Balance
Fixtures and Fittings | 20% Straight Line
Computer Equipment | 20% Straight Line
Improvements to property | 20% Straight Line
Stocks Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Provisions Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2. | Average number of employees Average number of employees during the year was 10 (2023 : 10).
3. | Intangible fixed assets
Cost | Software License |  | Total
| £ |  | £
At 01 November 2023 | 8,820 |  | 8,820
Additions | - |  | -
Disposals | - |  | -
At 31 October 2024 | 8,820 |  | 8,820
Amortisation
At 01 November 2023 | - |  | -
Charge for year | 5,515 |  | 5,515
On disposals | - |  | -
At 31 October 2024 | 5,515 |  | 5,515
Net book values
At 31 October 2024 | 3,305 |  | 3,305
At 31 October 2023 | 8,820 |  | 8,820
4. | Tangible fixed assets
Cost or valuation | Plant and Machinery |  | Motor Vehicles |  | Fixtures and Fittings |  | Computer Equipment |  | Improvements to property |  | Total
| £ |  | £ |  | £ |  | £ |  | £ |  | £
At 01 November 2023 | 25,496 |  | 25,827 |  | 35,373 |  | 4,685 |  | 25,694 |  | 117,075
Additions | 433 |  | 78,724 |  | - |  | - |  | - |  | 79,157
Disposals | - |  | - |  | - |  | - |  | - |  | -
At 31 October 2024 | 25,929 |  | 104,551 |  | 35,373 |  | 4,685 |  | 25,694 |  | 196,232
Depreciation
At 01 November 2023 | 24,273 |  | 25,080 |  | 32,137 |  | 1,883 |  | 19,786 |  | 103,159
Charge for year | 397 |  | 19,868 |  | 885 |  | 840 |  | 1,477 |  | 23,467
On disposals | - |  | - |  | - |  | - |  | - |  | -
At 31 October 2024 | 24,670 |  | 44,948 |  | 33,022 |  | 2,723 |  | 21,263 |  | 126,626
Net book values
Closing balance as at 31 October 2024 | 1,259 |  | 59,603 |  | 2,351 |  | 1,962 |  | 4,431 |  | 69,606
Opening balance as at 01 November 2023 | 1,223 |  | 747 |  | 3,236 |  | 2,802 |  | 5,908 |  | 13,916
5. | Stocks
| 2024 £ |  | 2023 £
--- | --- | --- | ---
Work in Progress | 74,683 |  | 85,901
Stocks | 227,887 |  | 245,023
| 302,570 |  | 330,924
6. | Debtors: amounts falling due within one year
| 2024 £ |  | 2023 £
--- | --- | --- | ---
Trade Debtors | 83,651 |  | 34,926
Prepayments & Accrued Income | 15,990 |  | 10,246
Other Debtors | 8,742 |  | -
| 108,383 |  | 45,172
7. | Creditors: amount falling due within one year
| 2024 £ |  | 2023 £
--- | --- | --- | ---
Trade Creditors | 153,287 |  | 137,662
Social Security and Other Taxes | 95,536 |  | 78,499
Accrued Expenses | 3,547 |  | 4,038
Other Creditors | 7,100 |  | 7,464
Obligations under HP/Financial Leases | 26,847 |  | -
Receipts In Advance | 70,878 |  | 141,392
Business Card | 2,132 |  | 1,606
Directors' Current Accounts | 1,307 |  | 50
| 360,634 |  | 370,711
8. | Creditors: amount falling due after more than one year
| 2024 £ |  | 2023 £
--- | --- | --- | ---
Obligations Under HP/Financial Leases | 50,130 |  | -
| 50,130 |  | -
9. | Provisions for liabilities
| 2024 £ |  | 2023 £
--- | --- | --- | ---
Deferred Tax | 17,189 |  | 3,480
| 17,189 |  | 3,480
10. | Related Party Transactions At the balance sheet date the company was owed £5,665 (2023 - £5,929) to Maxwell Felix Ltd, a company in which director holds a participating interest. During the year, the company incurred expenses of £3,375 (2023 - £2,849) in respect of services received from Maxwell Felix Ltd Other debtors includes loan given to director's son F Barlow of £1,242
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