Maxilux Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02868064 (England and Wales)

Financial Statements

for the Year Ended 31 July 2018

for

MAXILUX LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Cockayne

Mrs N Cockayne

SECRETARY:

Mrs N Cockayne

REGISTERED OFFICE:

8 Mercia Business Village

Coventry

West Midlands

CV4 8HX

REGISTERED NUMBER:

02868064 (England and Wales)

ACCOUNTANTS:

Trinity Accountants Limited

8 Mercia Business Village

Coventry

West Midlands

CV4 8HX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

62,754

96,028

62,754

96,028

CURRENT ASSETS

Stocks

252,463

269,652

Debtors

6

245,884

288,245

Cash at bank and in hand

218,206

199,450

716,553

757,347

CREDITORS

Amounts falling due within one year

7

143,871

175,719

NET CURRENT ASSETS

572,682

581,628

TOTAL ASSETS LESS CURRENT LIABILITIES

635,436

677,656

CREDITORS

Amounts falling due after more than one year

8

17,364

25,624

NET ASSETS

618,072

652,032

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

617,072

651,032

SHAREHOLDERS' FUNDS

618,072

652,032

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 25 April 2019 and were signed on its behalf by:

R Cockayne - Director

1.	STATUTORY INFORMATION

Maxilux Ltd is a private company, limited by shares , registered in England and Wales. The company's registered

number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over

its estimated useful life.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

10% on cost

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2017 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2017

and 31 July 2018

9,450

AMORTISATION

At 1 August 2017

and 31 July 2018

9,450

NET BOOK VALUE

At 31 July 2018

-

At 31 July 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2017

100,421

168,879

269,300

Additions

-

4,668

4,668

Disposals

-

(41,565

)

(41,565

)

At 31 July 2018

100,421

131,982

232,403

DEPRECIATION

At 1 August 2017

82,509

90,763

173,272

Charge for year

2,747

14,119

16,866

Eliminated on disposal

-

(20,489

)

(20,489

)

At 31 July 2018

85,256

84,393

169,649

NET BOOK VALUE

At 31 July 2018

15,165

47,589

62,754

At 31 July 2017

17,912

78,116

96,028

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

174,588

106,885

Other debtors

71,296

181,360

245,884

288,245

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Hire purchase contracts

4,112

4,599

Trade creditors

59,057

34,115

Taxation and social security

34,932

117,683

Other creditors

45,770

19,322

143,871

175,719

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

17,364

25,624