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

REGISTERED NUMBER: 02868064 (England and Wales)

Financial Statements

for the Year Ended 31 July 2019

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

49,672

62,754

49,672

62,754

CURRENT ASSETS

Stocks

286,769

252,463

Debtors

6

290,780

245,884

Cash at bank and in hand

188,667

218,206

766,216

716,553

CREDITORS

Amounts falling due within one year

7

161,024

144,771

NET CURRENT ASSETS

605,192

571,782

TOTAL ASSETS LESS CURRENT LIABILITIES

654,864

634,536

CREDITORS

Amounts falling due after more than one year

8

-

17,364

NET ASSETS

654,864

617,172

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

654,764

617,072

SHAREHOLDERS' FUNDS

654,864

617,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 15 April 2020 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 NIL (2018 - 15 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2018

and 31 July 2019

9,450

AMORTISATION

At 1 August 2018

and 31 July 2019

9,450

NET BOOK VALUE

At 31 July 2019

-

At 31 July 2018

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2018

100,421

131,982

232,403

Additions

-

3,400

3,400

Disposals

-

(392

)

(392

)

At 31 July 2019

100,421

134,990

235,411

DEPRECIATION

At 1 August 2018

85,256

84,393

169,649

Charge for year

3,250

12,840

16,090

At 31 July 2019

88,506

97,233

185,739

NET BOOK VALUE

At 31 July 2019

11,915

37,757

49,672

At 31 July 2018

15,165

47,589

62,754

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

244,727

174,588

Other debtors

46,053

71,296

290,780

245,884

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Hire purchase contracts

17,364

4,112

Trade creditors

43,456

59,057

Taxation and social security

47,785

34,932

Other creditors

52,419

46,670

161,024

144,771

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Hire purchase contracts

-

17,364