Company No: 03279540 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	215,246		204,255
		215,246		204,255
Current assets
Stocks		147,826		158,177
Debtors	4	594,005		611,714
Cash at bank and in hand		14,099		14,791
		755,930		784,682
Creditors: amounts falling due within one year	5	( 592,351)		( 608,263)
Net current assets		163,579		176,419
Total assets less current liabilities		378,825		380,674
Creditors: amounts falling due after more than one year	6	( 43,994)		( 46,570)
Provision for liabilities	7	( 46,988)		( 46,418)
Net assets		287,843		287,686
Capital and reserves
Called-up share capital	8	1,300		1,300
Profit and loss account		286,543		286,386
Total shareholder's funds		287,843		287,686

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

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Maxey Moverley Limited (registered number: 03279540) were approved and authorised for issue by the Board of Directors on 21 September 2026. They were signed on its behalf by:

Andrew Beckett Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Maxey Moverley Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 35a Enfield Industrial Estate, Redditch, B97 6BY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date. Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and 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.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery	4 years straight line
Vehicles	4 years straight line
Fixtures and fittings	10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Statement of Financial Position when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	30		32

3. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£
Cost
At 01 January 2025	17,977		65,917		214,824		298,718
Additions	0		29,310		23,624		52,934
Disposals	0		( 13,315)		0		( 13,315)
At 31 December 2025	17,977		81,912		238,448		338,337
Accumulated depreciation
At 01 January 2025	12,675		43,631		38,157		94,463
Charge for the financial year	4,399		14,093		23,451		41,943
Disposals	0		( 13,315)		0		( 13,315)
At 31 December 2025	17,074		44,409		61,608		123,091
Net book value
At 31 December 2025	903		37,503		176,840		215,246
At 31 December 2024	5,302		22,286		176,667		204,255

4. Debtors

	2025		2024
	£		£
Trade debtors	385,142		421,601
Amounts owed by Parent undertakings	180,919		162,237
Amounts owed by directors	0		403
Prepayments	27,944		26,806
Other debtors	0		667
	594,005		611,714

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	4,397		10,108
Trade creditors	97,942		129,314
Accruals	26,882		26,525
Taxation and social security	140,752		128,899
Obligations under finance leases and hire purchase contracts (secured)	18,665		21,654
Other creditors	303,713		291,763
	592,351		608,263

Hire purchase liabilities are secured against the assets to which they relate.

Other creditors includes £282,300 (2024: £272,552) relating to an invoice discounting arrangement. These amounts are secured by fixed and floating charges against the company's assets.

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	0		1,735
Obligations under finance leases and hire purchase contracts (secured)	43,994		44,835
	43,994		46,570

Hire purchase liabilities are secured against the assets to which they relate.

7. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 46,418)		( 36,516)
Charged to the Statement of Income and Retained Earnings	( 570)		( 9,902)
At the end of financial year	( 46,988)		( 46,418)

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
612 Ordinary shares of £ 1.00 each	612		612
200 A Ordinary Non Voting shares of £ 1.00 each	200		200
388 B Ordinary shares of £ 1.00 each	388		388
100 Ordinary Non Voting shares of £ 1.00 each	100		100
	1,300		1,300

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
Within one year	72,229		62,300
Between one and five years	265,748		249,200
After five years	186,900		249,200
	524,877		560,700

10. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Amounts owed by directors	0		403

The loans are interest-free and repayable on demand.