| Max Exhibitions Limited |
| Registered number: |
06530768 |
| Balance Sheet |
| as at 30 June 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
- |
|
|
175,604 |
|
| Current assets |
| Debtors |
4 |
|
48,470 |
|
|
510,856 |
| Cash at bank and in hand |
|
|
102,443 |
|
|
111,079 |
|
|
|
150,913 |
|
|
621,935 |
|
| Creditors: amounts falling due within one year |
5 |
|
(125,466) |
|
|
(765,152) |
|
| Net current assets/(liabilities) |
|
|
|
25,447 |
|
|
(143,217) |
|
| Total assets less current liabilities |
|
|
|
25,447 |
|
|
32,387 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
- |
|
|
(30,453) |
|
|
|
| Net assets |
|
|
|
25,447 |
|
|
1,934 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
120 |
|
|
120 |
| Share premium |
|
|
|
980 |
|
|
980 |
| Profit and loss account |
|
|
|
24,347 |
|
|
834 |
|
| Shareholders' funds |
|
|
|
25,447 |
|
|
1,934 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| 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. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Ian Hyder & Robert Willis |
| Director |
| Approved by the board on 3 September 2025 |
|
| Max Exhibitions Limited |
| Notes to the Accounts |
| for the period from 1 January 2025 to 30 June 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents sales of marketing space and services for the exhibition. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 January 2025 |
195,115 |
|
At 30 June 2025 |
195,115 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 January 2025 |
19,511 |
|
Provided during the period |
175,604 |
|
At 30 June 2025 |
195,115 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2025 |
- |
|
At 31 December 2024 |
175,604 |
|
|
|
|
|
|
|
|
|
|
Balance of Goodwill has been written off from a prudent point of view. |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade & other debtors |
48,470 |
|
413,133 |
|
Amounts owed by related company |
|
- |
|
97,723 |
|
|
|
|
|
|
48,470 |
|
510,856 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
127,008 |
|
656,004 |
|
Taxation and social security costs |
(17,828) |
|
95,113 |
|
Other creditors |
16,286 |
|
14,035 |
|
|
|
|
|
|
125,466 |
|
765,152 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans-CBILS |
- |
|
30,453 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Related party transactions |
|
|
Management fees of £237,000 (2024-£90,000) was payable to Max Publishing Limited, which is under the common control of the four directors. |
|
|
| 8 |
Controlling party |
|
|
The ultimate controlling party are the four directors by virtue of them holding 100% shares. |
|
|
| 9 |
Other information |
|
|
Max Exhibitions Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
United House |
|
North Road |
|
Lodnon |
|
N7 9DP |