Abbreviated Company Accounts - MAX LIMITED

00103004 MAX LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 00103004 2014-04-01 2015-03-31 00103004 2015-03-31 00103004 2014-03-31 00103004 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 00103004 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 00103004

MAX LIMITED

Abbreviated Accounts

31 March 2015

MAX LIMITED Registered Number 00103004

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Investments	2	1,289,476	1,231,206
		1,289,476	1,231,206
Current assets
Debtors		646	1,100
Cash at bank and in hand		68,815	77,706
		69,461	78,806
Creditors: amounts falling due within one year		(46,586)	(31,021)
Net current assets (liabilities)		22,875	47,785
Total assets less current liabilities		1,312,351	1,278,991
Total net assets (liabilities)		1,312,351	1,278,991
Capital and reserves
Called up share capital	3	50,000	50,000
Profit and loss account		1,262,351	1,228,991
Shareholders' funds		1,312,351	1,278,991

For the year ending 31 March 2015 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 19 September 2015

And signed on their behalf by:
A Grieve, Director

MAX LIMITED Registered Number 00103004

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable from investment dealings, franked investment income and interest income.

Other accounting policies
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) which have been applied consistently (except as otherwise stated).

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

2Fixed assets Investments
The cost at 01 April 2014 was £1,231,206, additions in the year were £155,003, disposals in year were £96,733, giving a cost of £1,289,476 as at 31 March 2015.

The open market value for 2015 was £2,399,734 (2014 - £2,275,973) so no provision of diminution in value is required.

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
500,000 Ordinary shares of £0.10 each	50,000	50,000