MAXWIFI (UK) LIMITED

MAXWIFI (UK) LIMITED

MAXWIFI (UK) LIMITED - Company Information

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MAXWIFI (UK) LIMITED

Company Registration Number:
04348165 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2019

Period of accounts

Start date: 1 January 2019

End date: 31 December 2019

MAXWIFI (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2019

Balance sheet
Additional notes
Balance sheet notes

MAXWIFI (UK) LIMITED

Balance sheet

As at 31 December 2019

Notes 2019 2018


£
£
Fixed assets
Tangible assets: 3 206,135 199,175
Total fixed assets: 206,135 199,175
Current assets
Stocks: 4 1,350 3,400
Debtors: 5 51,942 73,220
Cash at bank and in hand: 210,384 104,332
Investments: 6 3,624 3,624
Total current assets: 267,300 184,576
Prepayments and accrued income: 61,182 36,811
Creditors: amounts falling due within one year: 7 ( 322,616 ) ( 195,162 )
Net current assets (liabilities): 5,866 26,225
Total assets less current liabilities: 212,001 225,400
Creditors: amounts falling due after more than one year: 8 ( 109,625 ) ( 140,959 )
Provision for liabilities: ( 21,809 ) ( 18,079 )
Accruals and deferred income: ( 30,481 ) ( 26,516 )
Total net assets (liabilities): 50,086 39,846
Capital and reserves
Called up share capital: 2,474 2,474
Profit and loss account: 47,612 37,372
Total Shareholders' funds: 50,086 39,846

The notes form part of these financial statements

MAXWIFI (UK) LIMITED

Balance sheet statements

For the year ending 31 December 2019 the company was entitled to exemption 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 17 December 2020
and signed on behalf of the board by:

Name: Joanne Hughes
Status: Director

The notes form part of these financial statements

MAXWIFI (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Depreciation has been provided at the rate of 25% reducing balance in order to write off assets over their useful lives.

    Other accounting policies

    Assets held under financial and hire purchase contracts are capitalised in the balance sheet and depreciated over their expected useful lives.

MAXWIFI (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

  • 2. Employees

    2019 2018
    Average number of employees during the period 12 10

MAXWIFI (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2019 639,007 37,508 676,515
Additions 93,414 7,000 100,414
Disposals ( 2,217 ) ( 390 ) ( 2,607 )
Revaluations
Transfers 57,983 57,983
At 31 December 2019 788,187 44,118 832,305
Depreciation
At 1 January 2019 455,311 22,029 477,340
Charge for year 82,190 5,095 87,285
On disposals ( 524 ) ( 250 ) ( 774 )
Other adjustments 62,319 62,319
At 31 December 2019 599,296 26,874 626,170
Net book value
At 31 December 2019 188,891 17,244 206,135
At 31 December 2018 183,696 15,479 199,175

MAXWIFI (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

4. Stocks

2019 2018
£ £
Stocks 1,350 3,400
Total 1,350 3,400

MAXWIFI (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

5. Debtors

2019 2018
£ £
Trade debtors 51,670 71,359
Other debtors 272 1,861
Total 51,942 73,220

MAXWIFI (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

6. Current assets investments note

Current asset investments are reported on the balance sheet at cost

MAXWIFI (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

7. Creditors: amounts falling due within one year note

2019 2018
£ £
Bank loans and overdrafts 10,076 20,000
Trade creditors 39,282 73,609
Taxation and social security 90,348 96,380
Other creditors 182,910 5,173
Total 322,616 195,162

MAXWIFI (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

8. Creditors: amounts falling due after more than one year note

2019 2018
£ £
Amounts due under finance leases and hire purchase contracts 75,564 79,649
Other creditors 34,061 61,310
Total 109,625 140,959