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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
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
1
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
 
 		 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:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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
3
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
4