Maxella Modes Limited 31/03/2022 iXBRL

Maxella Modes Limited 31/03/2022 iXBRL

MAXELLA MODES LIMITED - Company Information

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1 31/03/2022 2022-03-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2021-04-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 00485916 2021-04-01 2022-03-31 00485916 2022-03-31 00485916 2021-03-31 00485916 2020-04-01 2021-03-31 00485916 2021-03-31 00485916 2020-03-31 00485916 core:PlantMachinery 2021-04-01 2022-03-31 00485916 bus:RegisteredOffice 2021-04-01 2022-03-31 00485916 bus:LeadAgentIfApplicable 2021-04-01 2022-03-31 00485916 bus:Director1 2021-04-01 2022-03-31 00485916 bus:Director2 2021-04-01 2022-03-31 00485916 bus:CompanySecretary1 2021-04-01 2022-03-31 00485916 core:LandBuildings core:LongLeaseholdAssets 2021-03-31 00485916 core:PlantMachinery 2021-03-31 00485916 core:LandBuildings core:LongLeaseholdAssets 2022-03-31 00485916 core:PlantMachinery 2022-03-31 00485916 core:FurnitureFittingsToolsEquipment 2022-03-31 00485916 core:RetainedEarningsAccumulatedLosses 2020-04-01 2021-03-31 00485916 core:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 00485916 core:WithinOneYear 2022-03-31 00485916 core:WithinOneYear 2021-03-31 00485916 core:LandBuildings core:LongLeaseholdAssets 2021-04-01 2022-03-31 00485916 core:FurnitureFittingsToolsEquipment 2021-04-01 2022-03-31 00485916 core:ShareCapital 2022-03-31 00485916 core:ShareCapital 2021-03-31 00485916 core:RetainedEarningsAccumulatedLosses 2022-03-31 00485916 core:RetainedEarningsAccumulatedLosses 2021-03-31 00485916 core:ShareCapital 2020-03-31 00485916 core:RetainedEarningsAccumulatedLosses 2020-03-31 00485916 core:LandBuildings core:LongLeaseholdAssets 2021-03-31 00485916 core:PlantMachinery 2021-03-31 00485916 bus:SmallEntities 2021-04-01 2022-03-31 00485916 bus:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 00485916 bus:FullAccounts 2021-04-01 2022-03-31 00485916 bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 00485916 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31
Company registration number: 00485916
Maxella Modes Limited
Unaudited filleted financial statements
31 March 2022
Maxella Modes Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Maxella Modes Limited
Directors and other information
Directors Mr. H D Grant
Mrs. S Grant
Secretary Mrs S Grant
Company number 00485916
Registered office 14 Caldecote Gardens
Bushey
Hertfordshire
WD23 4GP
Accountants Passer & Co
20 Sunningdale Close
Stanmore
HA7 3QL
Maxella Modes Limited
Statement of financial position
31 March 2022
2022 2021
Note £ £ £ £
Fixed assets
Tangible assets 5 2,096 1,204
_______ _______
2,096 1,204
Current assets
Debtors 6 - 3,375
Cash at bank and in hand 22,783 19,187
_______ _______
22,783 22,562
Creditors: amounts falling due
within one year 7 ( 5,857) ( 6,311)
_______ _______
Net current assets 16,926 16,251
_______ _______
Total assets less current liabilities 19,022 17,455
_______ _______
Net assets 19,022 17,455
_______ _______
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 18,022 16,455
_______ _______
Shareholders funds 19,022 17,455
_______ _______
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 19 July 2022 , and are signed on behalf of the board by:
Mr. H D Grant
Director
Company registration number: 00485916
Maxella Modes Limited
Statement of changes in equity
Year ended 31 March 2022
Called up share capital Profit and loss account Total
£ £ £
At 1 April 2020 1,000 13,399 14,399
Profit for the year 19,056 19,056
_______ _______ _______
Total comprehensive income for the year - 19,056 19,056
Dividends paid and payable ( 16,000) ( 16,000)
_______ _______ _______
Total investments by and distributions to owners - ( 16,000) ( 16,000)
_______ _______ _______
At 31 March 2021 and 1 April 2021 1,000 16,455 17,455
Profit for the year 19,067 19,067
_______ _______ _______
Total comprehensive income for the year - 19,067 19,067
Dividends paid and payable ( 17,500) ( 17,500)
_______ _______ _______
Total investments by and distributions to owners - ( 17,500) ( 17,500)
_______ _______ _______
At 31 March 2022 1,000 18,022 19,022
_______ _______ _______
Maxella Modes Limited
Notes to the financial statements
Year ended 31 March 2022
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 14 Caldecote Gardens, Bushey, Hertfordshire, WD23 4GP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2021: 1 ).
5. Tangible assets
Long leasehold property Plant and machinery Fixtures, fittings and equipment Total
£ £ £ £
Cost
At 1 April 2021 30,000 1,811 - 31,811
Additions - 1,510 - 1,510
Disposals - ( 1,811) - ( 1,811)
_______ _______ _______ _______
At 31 March 2022 30,000 1,510 - 31,510
_______ _______ _______ _______
Depreciation
At 1 April 2021 28,797 1,810 - 30,607
Charge for the year 240 - 377 617
Disposals - ( 1,810) - ( 1,810)
_______ _______ _______ _______
At 31 March 2022 29,037 - 377 29,414
_______ _______ _______ _______
Carrying amount
At 31 March 2022 963 1,510 ( 377) 2,096
_______ _______ _______ _______
At 31 March 2021 1,203 1 - 1,204
_______ _______ _______ _______
6. Debtors
2022 2021
£ £
Trade debtors - 3,375
_______ _______
7. Creditors: amounts falling due within one year
2022 2021
£ £
Corporation tax 4,157 4,611
Other creditors 1,700 1,700
_______ _______
5,857 6,311
_______ _______