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REGISTERED NUMBER: SC492977 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Maxam International Ltd
Maxam International Ltd (Registered number: SC492977)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Maxam International Ltd (Registered number: SC492977)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 36,000 42,000
Tangible assets 5 80,415 99,055
116,415 141,055

CURRENT ASSETS
Stocks 83,100 73,634
Debtors 6 357,203 307,457
Cash at bank 198,483 126,818
638,786 507,909
CREDITORS
Amounts falling due within one year 7 (333,547 ) (248,830 )
NET CURRENT ASSETS 305,239 259,079
TOTAL ASSETS LESS CURRENT
LIABILITIES
421,654
400,134

CREDITORS
Amounts falling due after more than one
year
8
(251,510
)
(273,454
)
NET ASSETS 170,144 126,680

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 150,144 106,680
SHAREHOLDERS' FUNDS 170,144 126,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 notes form part of these financial statements

Page 1 continued...
Maxam International Ltd (Registered number: SC492977)

Balance Sheet - continued
31 December 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:





Mr J Edwards - Director


The notes form part of these financial statements

Page 2
Maxam International Ltd (Registered number: SC492977)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Maxam International td is a private company, limited by shares, domiciled in Scotland, registration number SC492977 . The registered office is 14 Cultins Road, Sighthill Industrial Estate, Edinburgh, EH11 4DZ.

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 represents net invoiced sales of goods in respect of building repair products, excluding value added tax. Sales are recognised at the point at which the goods are delivered.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 20% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Page 3 continued...
Maxam International Ltd (Registered number: SC492977)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 60,000
AMORTISATION
At 1 January 2024 18,000
Charge for year 6,000
At 31 December 2024 24,000
NET BOOK VALUE
At 31 December 2024 36,000
At 31 December 2023 42,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 127,600
Additions 7,033
At 31 December 2024 134,633
DEPRECIATION
At 1 January 2024 28,545
Charge for year 25,673
At 31 December 2024 54,218
NET BOOK VALUE
At 31 December 2024 80,415
At 31 December 2023 99,055

Page 4 continued...
Maxam International Ltd (Registered number: SC492977)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 92,054
DEPRECIATION
At 1 January 2024 3,068
Charge for year 17,798
At 31 December 2024 20,866
NET BOOK VALUE
At 31 December 2024 71,188
At 31 December 2023 88,986

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 297,186 289,532
Other debtors 60,017 17,925
357,203 307,457

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 13,734 13,734
Trade creditors 87,410 50,923
Taxation and social security 129,664 123,472
Other creditors 102,739 60,701
333,547 248,830

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 60,008 73,742
Other creditors 191,502 199,712
251,510 273,454

Page 5