Maxxpower Ltd - Abbreviated accounts

Registered number

06343325

Maxxpower Ltd

Abbreviated Accounts

31 October 2013

Maxxpower Ltd
Registered number:		06343325
Abbreviated Balance Sheet
as at 31 October 2013

Notes			2013			2012
£				£
Fixed assets
Tangible assets	2		2,322			2,446

Current assets
Stocks		152,123			148,215
Debtors		103,001			-
Cash at bank and in hand		2,650			2,955
		257,774			151,170

Creditors: amounts falling due within one year		(187,859)			(115,358)

Net current assets			69,915			35,812

Total assets less current liabilities			72,237			38,258


Provisions for liabilities			(464)			(489)


Net assets			71,773			37,769

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			71,673			37,669

Shareholder's funds			71,773			37,769

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mohammed Zamir
Director
Approved by the board on 4 February 2015

Maxxpower Ltd
Notes to the Abbreviated Accounts
for the year ended 31 October 2013

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% reducing balance


	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	At 1 November 2012					3,820
	Additions					650
	At 31 October 2013					4,470

	Depreciation
	At 1 November 2012					1,374
	Charge for the year					774
	At 31 October 2013					2,148

	Net book value
	At 31 October 2013					2,322
	At 31 October 2012					2,446


3	Share capital	Nominal		2013		2013		2012
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100