Max Accountants Ltd.

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06226833

		28 February 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		9,440		6,061

			9,440		6,061
CURRENT ASSETS
Debtors	5	398,682		168,627
Cash at bank and in hand		262,808		293,726

		661,490		462,353
Creditors: Amounts Falling Due Within One Year	6	(177,490 )		(173,486 )

NET CURRENT ASSETS (LIABILITIES)			484,000		288,867

TOTAL ASSETS LESS CURRENT LIABILITIES			493,440		294,928

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,360 )		(1,515 )

NET ASSETS			491,080		293,413

CAPITAL AND RESERVES
Called up share capital	7		102		102
Share premium account			55,891		55,891
Capital redemption reserve			56		56
Profit and Loss Account			435,031		237,364

SHAREHOLDERS' FUNDS			491,080		293,413

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Max Accountants Ltd.

Balance Sheet (continued)

As At 28 February 2025

For the period ending 28 February 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 Martin Francis Hickman

Director

18 November 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Max Accountants Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 06226833 . The registered office is Ketton Suite, The King Centre Main Road, Barleythorpe, Oakham, Rutland, LE15 7WD.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.2. Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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:

Plant & Machinery	Straight line over 4 years
Fixtures & Fittings	Straight line over 5 years
Computer Equipment	Straight line over 3 years

2.4. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.5. 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.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, are recognised at transaction price including transaction costs.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities.

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 profit / loss before taxation.

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Max Accountants Ltd.

Notes to the Financial Statements (continued)

For the Period 1 April 2024 to 28 February 2025

2.7. Taxation

Tax is recognised in profit or loss except that a charge is attributable to an item of income and expense recognised as other comphrehensive income or to an item recognised directly in equity is also recognised in other comphrehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

2.8. Employee Benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock of fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 17 (2024: 15)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	9,567	15,600	25,167
Additions	-	7,373	7,373
Disposals	-	(3,416 )	(3,416 )

As at 28 February 2025	9,567	19,557	29,124

Depreciation
As at 1 April 2024	8,845	10,261	19,106
Provided during the period	311	3,683	3,994
Disposals	-	(3,416 )	(3,416 )

As at 28 February 2025	9,156	10,528	19,684

Net Book Value
As at 28 February 2025	411	9,029	9,440

As at 1 April 2024	722	5,339	6,061

5. Debtors

	28 February 2025	31 March 2024
	£	£
Due within one year
Trade debtors	194,961	160,282
Prepayments and accrued income	863	1,810
Other debtors	5,358	6,535
Directors' loan accounts	197,500	-

	398,682	168,627

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Max Accountants Ltd.

Notes to the Financial Statements (continued)

For the Period 1 April 2024 to 28 February 2025

6. Creditors: Amounts Falling Due Within One Year

	28 February 2025	31 March 2024
	£	£
Trade creditors	7,593	13,734
Corporation tax	100,937	87,279
Other taxes and social security	10,891	11,843
VAT	43,480	52,521
Other creditors	4,679	6,402
Accruals and deferred income	9,910	1,707

	177,490	173,486

7. Share Capital

	28 February 2025	31 March 2024
Allotted, called up and fully paid	£	£
7,600 Ordinary Shares of £ 0.01 each	76	76
2,550 Ordinary B shares of £ 0.01 each	26	26

	102	102

8. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	28 February 2025	31 March 2024
	£	£
Not later than one year	-	2,425

	-	2,425

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