Company registration number 03726540 (England and Wales)
Maxi's (York) Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 July 2025
PAGES FOR FILING WITH REGISTRAR
Maxi's (York) Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Maxi's (York) Limited
Statement of financial position
as at 31 July 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
926,677
944,283
Current assets
Stocks
45,500
41,974
Debtors
11,976
22,609
Cash at bank and in hand
41,000
104,119
98,476
168,702
Creditors: amounts falling due within one year
(189,175)
(183,733)
Net current liabilities
(90,699)
(15,031)
Total assets less current liabilities
835,978
929,252
Creditors: amounts falling due after more than one year
(757,285)
(830,938)
Net assets
78,693
98,314
Capital and reserves
Called up share capital
8,750
8,750
Revaluation reserve
4
(395,148)
(395,148)
Capital redemption reserve
935
935
Profit and loss reserves
464,156
483,777
Total equity
78,693
98,314
Maxi's (York) Limited
Statement of financial position (continued)
as at 31 July 2025
- 2 -

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 8 January 2026 and are signed on its behalf by:
R J Y H Wong
Director
Company registration number 03726540 (England and Wales)
Maxi's (York) Limited
Notes to the financial statements
for the year ended 31 July 2025
- 3 -
1
Accounting policies
Basis of preparation

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.

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

Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

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

Land and buildings Freehold
No depreciation
Fixtures, fittings & equipment
15% on written down value
Motor vehicles
25% on written down value

The directors consider that the freehold property is maintained in such a state of repair that the residual value is at least equal to its book value. As a result, the corresponding depreciation would not be material and therefore is not charged to the profit and loss account.

Stocks

Stocks are stated at the lower of cost and net realisable value.

Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Maxi's (York) Limited
Notes to the financial statements (continued)
for the year ended 31 July 2025
1
Accounting policies
(continued)
- 4 -

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligation under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period,

2
Employees

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

2025
2024
Number
Number
Total
17
16
3
Tangible fixed assets
Land and buildings Freehold
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 August 2024 and 31 July 2025
870,000
396,720
80,800
1,347,520
Depreciation and impairment
At 1 August 2024
-
0
387,077
16,160
403,237
Depreciation charged in the year
-
0
1,446
16,160
17,606
At 31 July 2025
-
0
388,523
32,320
420,843
Carrying amount
At 31 July 2025
870,000
8,197
48,480
926,677
At 31 July 2024
870,000
9,643
64,640
944,283
Maxi's (York) Limited
Notes to the financial statements (continued)
for the year ended 31 July 2025
- 5 -
4
Revaluation reserve
2025
2024
£
£
At the beginning and end of the year
(395,148)
(395,148)
5
Company information

Maxi's (York) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Plot 26, Ings Lane, York Business Park, Nether Poppleton, York, North Yorkshire, YO26 6RA.

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