Company registration number 07862396 (England and Wales)
MAX-WAX FLEET LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
MAX-WAX FLEET LTD
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
MAX-WAX FLEET LTD
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MAX-WAX FLEET LTD FOR THE YEAR ENDED 31 AUGUST 2025
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Max-Wax Fleet Ltd for the year ended 31 August 2025 which comprise, 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 firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Max-Wax Fleet Ltd, as a body, in accordance with the terms of our engagement letter dated 12 May 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Max-Wax Fleet Ltd and state those matters that we have agreed to state to the b oard of d irectors of Max-Wax Fleet Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Max-Wax Fleet Ltd and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Max-Wax Fleet Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Max-Wax Fleet Ltd. You consider that Max-Wax Fleet 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 financial statements of Max-Wax Fleet 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 statutory f inancial statements.

Carpenter Box
14 January 2026
Chartered Accountants
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1RL
MAX-WAX FLEET LTD
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
19,102
33,820
Current assets
Stocks
1,500
1,500
Debtors
4
367,282
344,950
Cash at bank and in hand
58,748
41,076
427,530
387,526
Creditors: amounts falling due within one year
5
(144,386)
(115,382)
Net current assets
283,144
272,144
Total assets less current liabilities
302,246
305,964
Creditors: amounts falling due after more than one year
6
-
0
(4,822)
Provisions for liabilities
(4,000)
(7,700)
Net assets
298,246
293,442
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
298,146
293,342
Total equity
298,246
293,442

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

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

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.

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.

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

MAX-WAX FLEET LTD
BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2025
31 August 2025
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 14 January 2026 and are signed on its behalf by:
Mr T J Green
Director
Company registration number 07862396 (England and Wales)
MAX-WAX FLEET LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 4 -
1
Accounting policies
Company information

Max-Wax Fleet Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Amelia House, Crescent Road, Worthing, West Sussex, BN11 1QR.

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 a mounts in these financial statements are rounded to the nearest £1.

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

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Other income comprises rents receivable.

1.4
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:

Plant and equipment
10% per annum on a straight line basis
Fixtures and fittings
25% per annum on a straight line basis
Motor vehicles
25% per annum on a straight line basis

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.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

MAX-WAX FLEET LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 5 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
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.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Retirement benefits

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

1.10
Leases

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 held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 10 (2024 - 10).

MAX-WAX FLEET LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 6 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 September 2024
16,747
2,814
142,725
162,286
Disposals
-
0
-
0
(3,069)
(3,069)
At 31 August 2025
16,747
2,814
139,656
159,217
Depreciation and impairment
At 1 September 2024
14,169
2,814
111,483
128,466
Depreciation charged in the year
658
-
0
12,206
12,864
Eliminated in respect of disposals
-
0
-
0
(1,215)
(1,215)
At 31 August 2025
14,827
2,814
122,474
140,115
Carrying amount
At 31 August 2025
1,920
-
0
17,182
19,102
At 31 August 2024
2,578
-
0
31,242
33,820
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
47,337
35,807
Amounts owed by group undertakings
312,069
297,317
Other debtors
7,876
11,826
367,282
344,950
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
10,052
7,975
Taxation and social security
68,944
64,726
Other creditors
65,390
42,681
144,386
115,382

Included within other creditors is £4,822 (2024: £6,107) due under hire purchase contracts which are secured against the assets to which they relate.

MAX-WAX FLEET LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 7 -
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
-
0
4,822

Other creditors represents amounts due under hire purchase contracts, secured against the assets to which they relate.

7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
7,000
19,000
Lessor

At the reporting end date the company had contracted with tenants for the following minimum lease payments:

2025
2024
£
£
60,000
80,000
2025-08-31 2024-09-01 false false false 14 January 2026 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr T J Green Mrs K Green 10 10 07862396 2024-09-01 2025-08-31 07862396 2025-08-31 07862396 2024-08-31 07862396 core:PlantMachinery 2025-08-31 07862396 core:FurnitureFittings 2025-08-31 07862396 core:MotorVehicles 2025-08-31 07862396 core:PlantMachinery 2024-08-31 07862396 core:FurnitureFittings 2024-08-31 07862396 core:MotorVehicles 2024-08-31 07862396 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 07862396 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 07862396 core:Non-currentFinancialInstruments core:AfterOneYear 2025-08-31 07862396 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 07862396 core:CurrentFinancialInstruments 2025-08-31 07862396 core:CurrentFinancialInstruments 2024-08-31 07862396 core:ShareCapital 2025-08-31 07862396 core:ShareCapital 2024-08-31 07862396 core:RetainedEarningsAccumulatedLosses 2025-08-31 07862396 core:RetainedEarningsAccumulatedLosses 2024-08-31 07862396 core:ShareCapitalOrdinaryShareClass1 2025-08-31 07862396 core:ShareCapitalOrdinaryShareClass1 2024-08-31 07862396 bus:Director1 2024-09-01 2025-08-31 07862396 core:PlantMachinery 2024-09-01 2025-08-31 07862396 core:FurnitureFittings 2024-09-01 2025-08-31 07862396 core:MotorVehicles 2024-09-01 2025-08-31 07862396 core:PlantMachinery 2024-08-31 07862396 core:FurnitureFittings 2024-08-31 07862396 core:MotorVehicles 2024-08-31 07862396 2024-08-31 07862396 core:WithinOneYear 2025-08-31 07862396 core:WithinOneYear 2024-08-31 07862396 core:Non-currentFinancialInstruments 2025-08-31 07862396 core:Non-currentFinancialInstruments 2024-08-31 07862396 bus:OrdinaryShareClass1 2024-09-01 2025-08-31 07862396 bus:OrdinaryShareClass1 2025-08-31 07862396 bus:OrdinaryShareClass1 2024-08-31 07862396 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 07862396 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 07862396 bus:FRS102 2024-09-01 2025-08-31 07862396 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 07862396 bus:Director2 2024-09-01 2025-08-31 07862396 bus:FullAccounts 2024-09-01 2025-08-31 07862396 2023-09-01 2024-08-31 xbrli:pure xbrli:shares iso4217:GBP