Maximum Performance International - Accounts to registrar (filleted) - small 23.2.5

Maximum Performance International - Accounts to registrar (filleted) - small 23.2.5


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REGISTERED NUMBER: 09488458 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 March 2023

for

MAXIMUM PERFORMANCE INTERNATIONAL
LIMITED

MAXIMUM PERFORMANCE INTERNATIONAL
LIMITED (REGISTERED NUMBER: 09488458)






Contents of the Financial Statements
for the year ended 31 MARCH 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MAXIMUM PERFORMANCE INTERNATIONAL
LIMITED

Company Information
for the year ended 31 MARCH 2023







DIRECTORS: M Willoughby
M S Patel
M Smith





SECRETARY: L A Willoughby





REGISTERED OFFICE: Thistledown Barn, 204
Holcot Lane
Sywell
Northampton
Northamptonshire
NN6 0BG





REGISTERED NUMBER: 09488458 (England and Wales)





ACCOUNTANTS: Elsby & Co
Thistledown Barn
204 Holcot Road
Sywell
Northampton
Northamptonshire
NN6 0BG

MAXIMUM PERFORMANCE INTERNATIONAL
LIMITED (REGISTERED NUMBER: 09488458)

Abridged Balance Sheet
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,199 18,745
Tangible assets 5 2,427 2,034
32,626 20,779

CURRENT ASSETS
Debtors 168,334 244,135
Cash at bank 99,909 85,911
268,243 330,046
CREDITORS
Amounts falling due within one year 249,414 309,866
NET CURRENT ASSETS 18,829 20,180
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,455

40,959

CREDITORS
Amounts falling due after more than one year (22,450 ) (32,395 )

PROVISIONS FOR LIABILITIES (461 ) (133 )
NET ASSETS 28,544 8,431

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 28,444 8,331
SHAREHOLDERS' FUNDS 28,544 8,431

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

MAXIMUM PERFORMANCE INTERNATIONAL
LIMITED (REGISTERED NUMBER: 09488458)

Abridged Balance Sheet - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2023 and were signed on its behalf by:





M S Patel - Director


MAXIMUM PERFORMANCE INTERNATIONAL
LIMITED (REGISTERED NUMBER: 09488458)

Notes to the Financial Statements
for the year ended 31 MARCH 2023

1. STATUTORY INFORMATION

Maximum Performance International Limited 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation.

Computer software is being amortised evenly over its estimated useful life of 3 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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
Contributions are made into an independently operated pension scheme. These are charged to profit or loss in the period to which they relate.

MAXIMUM PERFORMANCE INTERNATIONAL
LIMITED (REGISTERED NUMBER: 09488458)

Notes to the Financial Statements - continued
for the year ended 31 MARCH 2023

3. EMPLOYEES

The average number of employees during the year was 3 (2022 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 18,745
Additions 17,640
At 31 March 2023 36,385
AMORTISATION
Amortisation for year 6,186
At 31 March 2023 6,186
NET BOOK VALUE

At 31 March 2023 30,199
At 31 March 2022 18,745

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 9,576
Additions 1,632
At 31 March 2023 11,208
DEPRECIATION
At 1 April 2022 7,542
Charge for year 1,239
At 31 March 2023 8,781
NET BOOK VALUE
At 31 March 2023 2,427
At 31 March 2022 2,034

MAXIMUM PERFORMANCE INTERNATIONAL
LIMITED (REGISTERED NUMBER: 09488458)

Notes to the Financial Statements - continued
for the year ended 31 MARCH 2023

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
45 Ordinary A £1 45 45
44 Ordinary B £1 44 44
10 Ordinary C £1 10 10
1 Ordinary D £1 1 1
100 100