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 abridged accounts for the year ended 31 December 2020

Period of accounts

Start date: 01 January 2020

End date: 31 December 2020

MAXWIFI (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2020

Balance sheet
Notes

MAXWIFI (UK) LIMITED

Balance sheet

As at 31 December 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 131,076 206,135
Total fixed assets: 131,076 206,135
Current assets
Stocks: 900 1,350
Debtors:   39,053 113,124
Cash at bank and in hand: 252,221 210,384
Investments:   3,624 3,624
Total current assets: 295,798 328,482
Creditors: amounts falling due within one year:   (242,601) (353,097)
Net current assets (liabilities): 53,197 (24,615)
Total assets less current liabilities: 184,273 181,520
Creditors: amounts falling due after more than one year:   (329,930) (109,625)
Provision for liabilities:   (21,809)
Total net assets (liabilities): (145,657) 50,086
Capital and reserves
Called up share capital: 2,474 2,474
Profit and loss account: (148,131) 47,612
Shareholders funds: (145,657) 50,086

The notes form part of these financial statements

MAXWIFI (UK) LIMITED

Balance sheet statements

For the year ending 31 December 2020 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 06 September 2021
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 2020

1. Accounting policies

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

Other accounting policies

Going Concern - Business has been adversely affected by the pandemic, however, the directors believe business will improve in the current financial year and finance is in place to secure the future of the Company.

MAXWIFI (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

2. Employees

2020 2019
Average number of employees during the period 10 12

MAXWIFI (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

3. Tangible Assets

Total
Cost £
At 01 January 2020 832,306
Additions 8,176
At 31 December 2020 840,482
Depreciation
At 01 January 2020 626,171
Charge for year 83,235
At 31 December 2020 709,406
Net book value
At 31 December 2020 131,076
At 31 December 2019 206,135

MAXWIFI (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

4. Loans to directors

At 31st December 2020 the Directors' Current Account was overdrawn by £6933

MAXWIFI (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

5. Changes in presentation and prior period adjustments

Tax adjustment of -£28485 has been processed in this accounting year relating to prior years.