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Unaudited Financial Statements for the Year Ended 31st May 2019 |
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A. Maxwell Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31st May 2019 |
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for |
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A. Maxwell Limited |
A. Maxwell Limited (Registered number: 05827738) |
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Contents of the Financial Statements |
for the Year Ended 31st May 2019 |
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Company Information | 1 |
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Chartered Accountants' Report | 2 |
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Statement of Financial Position | 3 |
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Notes to the Financial Statements | 5 |
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A. Maxwell Limited |
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Company Information |
for the Year Ended 31st May 2019 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
147a High Street |
Waltham Cross |
Hertfordshire |
EN8 7AP |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
A. Maxwell Limited |
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The following reproduces the text of the report prepared for the director in respect of the |
company's annual unaudited financial statements. In accordance with the Companies Act |
2006, the company is only required to file a Statement of Financial Position. Readers are |
cautioned that the Income Statement and certain other primary statements and the |
Director's Report are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for |
your approval the financial statements of A. Maxwell Limited for the year ended 31st May 2019 |
which comprise the Statement of Income and Retained Earnings, Statement of Financial Position |
and the related notes from the company's accounting records and from information and |
explanations you have given us. |
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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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the director of A. Maxwell Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A. Maxwell Limited and state those matters that we have agreed to state to the director of A. Maxwell Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A. Maxwell Limited and its director for our work or for this report. |
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It is your duty to ensure that A. Maxwell Limited 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 A. Maxwell Limited. You consider that A. Maxwell Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of A. Maxwell Limited. 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 financial statements. |
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Chartered Accountants |
147a High Street |
Waltham Cross |
Hertfordshire |
EN8 7AP |
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A. Maxwell Limited (Registered number: 05827738) |
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Statement of Financial Position |
31st May 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than
one year |
8 |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and
387 of the Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the
company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
A. Maxwell Limited (Registered number: 05827738) |
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Statement of Financial Position - continued |
31st May 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the director on
by: |
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A. Maxwell Limited (Registered number: 05827738) |
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Notes to the Financial Statements |
for the Year Ended 31st May 2019 |
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1. | STATUTORY INFORMATION |
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A. Maxwell Limited is a
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Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Goodwill |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are |
measured at cost less any accumulated amortisation and any accumulated impairment |
losses. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement |
of Income and Retained Earnings, except to the extent that it relates to items recognised in |
other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that |
have been enacted or substantively enacted by the statement of financial position date. |
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A. Maxwell Limited (Registered number: 05827738) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st May 2019 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not |
reversed at the statement of financial position date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in |
periods different from those in which they are recognised in financial statements. Deferred |
tax is measured using tax rates and laws that have been enacted or substantively enacted |
by the year end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it |
is probable that they will be recovered against the reversal of deferred tax liabilities or other |
future taxable profits. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
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COST |
At 1st June 2018 |
and 31st May 2019 |
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AMORTISATION |
At 1st June 2018 |
and 31st May 2019 |
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NET BOOK VALUE |
At 31st May 2019 |
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At 31st May 2018 |
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A. Maxwell Limited (Registered number: 05827738) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st May 2019 |
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5. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
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COST |
At 1st June 2018 |
and 31st May 2019 |
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DEPRECIATION |
At 1st June 2018 |
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Charge for year |
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At 31st May 2019 |
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NET BOOK VALUE |
At 31st May 2019 |
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At 31st May 2018 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Taxation and social security |
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Other creditors |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
2019 | 2018 |
£ | £ |
Other creditors |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary | £1 | 1,000 | 1,000 |
A. Maxwell Limited (Registered number: 05827738) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st May 2019 |
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10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended |
31st May 2019 and 31st May 2018: |
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2019 | 2018 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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The directors loan account balance is interest free and repayable on demand. |