Company registration number 04519489 (England and Wales)
MAX H.R. CONSULTING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
11 De Grey Square
De Grey Road
Colchester
Essex
CO4 5YQ
MAX H.R. CONSULTING LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 6
MAX H.R. CONSULTING LIMITED
COMPANY INFORMATION
- 1 -
Director
Mr P G Maxwell
Secretary
Ms J I Carter
Company number
04519489
Registered office
11 De Grey Square
De Grey Road
Colchester
Essex
CO4 5YQ
Accountants
TC Group
11 De Grey Square
De Grey Road
Colchester
Essex
CO4 5YQ
MAX H.R. CONSULTING LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
368
736
Current assets
Debtors
5
838
5,420
Cash at bank and in hand
78
83
916
5,503
Creditors: amounts falling due within one year
6
(41,186)
(24,375)
Net current liabilities
(40,270)
(18,872)
Total assets less current liabilities
(39,902)
(18,136)
Creditors: amounts falling due after more than one year
7
(412)
(1,384)
Net liabilities
(40,314)
(19,520)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(40,315)
(19,521)
Total equity
(40,314)
(19,520)
MAX H.R. CONSULTING LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 3 -

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 12 September 2025
Mr P G Maxwell
Director
Company Registration No. 04519489
MAX H.R. CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
1
Accounting policies
Company information

Max H.R. Consulting Limited is a private company limited by shares incorporated in England and Wales. The registered office is 11 De Grey Square, De Grey Road, Colchester, Essex, CO4 5YQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

MAX H.R. CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

 

In the opinion of the directors there are no significant judgements or areas of estimation uncertainty.

 

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
4
Tangible fixed assets
Computers
£
Cost
At 1 January 2024 and 31 December 2024
1,473
Depreciation and impairment
At 1 January 2024
737
Depreciation charged in the year
368
At 31 December 2024
1,105
Carrying amount
At 31 December 2024
368
At 31 December 2023
736
MAX H.R. CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
838
1,765
Deferred tax asset
-
0
3,655
838
5,420
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
9,039
4,934
Other creditors
32,147
19,441
41,186
24,375
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
412
1,384
8
Going Concern

In normal circumstances with good candidates and client availability the company should have prospered as predicted. Two aspects created major issues. Firstly, client firms focused their desire on top quartile Financial Advisers with a predicted client following of c.£20M+ AUM. Secondly,  the current employers of these Financial Advisers robustly defended their employment contractual covenants and proactively enticed clients to stay. On numerous occasions this resulted in the potential departee (candidate) feeling unsure of future financial predictions and their new potential employer then ceasing negotiations. At 2024 year-end this lead the Director to refocus the firms activity for 2025 onto early/mid-career Financial Advisers and supporting staff. Whilst this involved lower fees, the process is more transactional and with shorter notice periods.  Due to health issues with the Directors Wife impinging on working availability, market penetration took more time to establish than expected but started to produce both employment offers, and employment starts during Qtr3 2025.  With a continued developing pipeline, this is expected to continue.

 

As a consequence the director considers that the company is a going concern.

 

 

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