Amax Supplies Ltd

	Page
Company Information	1
Accountant's Report	2
Balance Sheet	3—4
Notes to the Financial Statements	5—8

Page 1

Page 2

Amax Supplies Ltd

Accountant's Report

For The Year Ended 31 March 2025

Accountant's Report

Report to the directors on the preparation of the unaudited statutory accounts of Amax Supplies Ltd for the year ended 31 March 2025

To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Amax Supplies Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Amax Supplies Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Amax Supplies Ltd and state those matters that we have agreed to state to the directors of Amax Supplies Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Amax Supplies Ltd and its directors as a body for our work or for this report.

It is your duty to ensure that Amax Supplies Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Amax Supplies Ltd . You consider that Amax Supplies Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Amax Supplies Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Mr Jay Rathakrishnan ACCA

24 December 2025

Tax Gentlemen LLP

4 Wells Gardens

Ilford

London

IG1 3TX

Page 2

Page 3

Amax Supplies Ltd

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 08422629

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		10,289		12,100

			10,289		12,100
CURRENT ASSETS
Stocks	5	4,950		22,049
Debtors	6	279,889		161,324
Cash at bank and in hand		119,852		193,541

		404,691		376,914
Creditors: Amounts Falling Due Within One Year	7	(265,559 )		(252,656 )

NET CURRENT ASSETS (LIABILITIES)			139,132		124,258

TOTAL ASSETS LESS CURRENT LIABILITIES			149,421		136,358

Creditors: Amounts Falling Due After More Than One Year	8		(10,727 )		(20,715 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(378 )		(462 )

NET ASSETS			138,316		115,181

CAPITAL AND RESERVES
Called up share capital	10		1		1
Profit and Loss Account			138,315		115,180

SHAREHOLDERS' FUNDS			138,316		115,181

Page 3

Page 4

Amax Supplies Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Pradeep Mehta

Director

24 December 2025

The notes on pages 5 to 8 form part of these financial statements.

Page 4

Page 5

Amax Supplies Ltd

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Amax Supplies Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08422629 . The registered office is Unit B1b, Neptune Road, Harrow, Middlesex, HA1 4HX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% - Reducing balance
Fixtures & Fittings	10% - Reducing balance
Office Equipment	10% - Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to

its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.5. Financial Instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loan from bank and other third parties, loan to related parties and investments in ordinary shares.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Page 5

Page 6

Amax Supplies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.9. Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.10. Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.11. Creditors

Short-tem creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.12 Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 4)

Page 6

Page 7

Amax Supplies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Office Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	13,833	749	11,515	26,097

As at 31 March 2025	13,833	749	11,515	26,097

Depreciation
As at 1 April 2024	11,371	312	2,314	13,997
Provided during the period	616	44	1,151	1,811

As at 31 March 2025	11,987	356	3,465	15,808

Net Book Value
As at 31 March 2025	1,846	393	8,050	10,289

As at 1 April 2024	2,462	437	9,201	12,100

5. Stocks

	2025	2024
	£	£
Stock	4,950	22,049

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	249,653	128,488
Other debtors	30,236	32,836

	279,889	161,324

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	160,444	205,653
Bank loans and overdrafts	10,000	10,000
Other creditors	35,961	11,355
Taxation and social security	59,154	25,648

	265,559	252,656

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	10,727	20,715

Page 7

Page 8

Amax Supplies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	378	462

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

11. Pension Commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,810 (2024: £1,842). Contributions totalling £352 (2024: £331) were payable to the fund at the balance sheet date and are included in creditors.

12. Related Party Transactions

At the year end the Company was owed £7,570 (2024: £3,000) from companies that are related by virtue of having common directors and/or shareholders. At the year end the Company owed £2,865 (2024: £nil) from companies that are related by virtue of having common directors and/or shareholders.

13. Ultimate Controlling Party

The company's ultimate controlling party is the director by virtue of his ownership of 100% of the issued share capital in the company.

Page 8

Directors	Mr Pradeep Mehta
	Mr Sanjai Mistry

Company Number	08422629

Registered Office	Unit B1b, Neptune Road
	Harrow
	Middlesex
	HA1 4HX

Accountants	Tax Gentlemen LLP
	4 Wells Gardens
	Ilford
	London
	IG1 3TX