ALMAX TECHNOLOGIES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S R Pugsley

Mrs H M Pugsley

REGISTERED OFFICE:

Barrow Cottage

Kings Square

Bitton

Bristol

BS30 6HR

REGISTERED NUMBER:

05615016 (England and Wales)

ACCOUNTANTS:

Bowen Accountants Ltd

Chartered Accountants

Unit 1 Gate Farm

High Street

Sutton Benger

Chippenham

Wiltshire

SN15 4RE

FIXED ASSETS

Tangible assets

4

50,332

52,441

CURRENT ASSETS

Stocks

5

30,000

20,000

Debtors

6

162,111

200,065

Prepayments and accrued income

6,599

4,511

Cash at bank

180,055

115,840

378,765

340,416

CREDITORS

Amounts falling due within one year

7

127,669

135,315

NET CURRENT ASSETS

251,096

205,101

TOTAL ASSETS LESS CURRENT LIABILITIES

301,428

257,542

CREDITORS

Amounts falling due after more than one year

8

(6,061

)

(9,697

)

PROVISIONS FOR LIABILITIES

9

(12,583

)

(9,964

)

ACCRUALS AND DEFERRED INCOME

(13,191

)

(18,543

)

NET ASSETS

269,593

219,338

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

269,493

219,238

SHAREHOLDERS' FUNDS

269,593

219,338

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2025 and were signed on its behalf by:

S R Pugsley - Director

1.	STATUTORY INFORMATION

Almax Technologies Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover shown in the profit and loss represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates for amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Office equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Office

Motor

Computer

machinery

equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

4,304

8,940

51,933

23,270

88,447

Additions

419

10,809

-

432

11,660

At 31 March 2025

4,723

19,749

51,933

23,702

100,107

DEPRECIATION

At 1 April 2024

1,731

4,924

9,652

19,699

36,006

Charge for year

428

1,590

10,571

1,180

13,769

At 31 March 2025

2,159

6,514

20,223

20,879

49,775

NET BOOK VALUE

At 31 March 2025

2,564

13,235

31,710

2,823

50,332

At 31 March 2024

2,573

4,016

42,281

3,571

52,441

5.

STOCKS

2025

2024

£

£

Stocks

30,000

20,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

33,825

87,369

Other debtors

5,139

5,049

Directors' current accounts

96,272

83,815

Tax

26,875

23,832

162,111

200,065

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

2,273

3,636

Trade creditors

60,030

87,361

Tax

20,169

6,277

Social security and other taxes

7,322

6,577

VAT

33,638

28,959

Other creditors

235

351

Credit Card

2,122

2,154

Credit Card 2

1,880

-

127,669

135,315

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

2,273

3,636

Bank loans - 2-5 years

3,788

6,061

6,061

9,697

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

12,583

9,964

Deferred

tax

£

Balance at 1 April 2024

9,964

Provided during year

2,619

Balance at 31 March 2025

12,583

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

S R Pugsley and Mrs H M Pugsley

Balance outstanding at start of year

83,815

75,209

Amounts advanced

31,838

28,974

Amounts repaid

(19,381

)

(20,368

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

96,272

83,815

Interest has been charge on the overdrawn balance at the approved rate.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is S R Pugsley.