Maxilin Manufacturing Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05534471 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED

31 AUGUST 2015

FOR

MAXILIN MANUFACTURING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

T D Briggs MBE MBA, LLB

J R Briggs MBChB, MRCGP

SECRETARY:

J F Williams FCCA

REGISTERED OFFICE:

Maxilin House

Sharples Vale

Astley Bridge

Bolton

Lancashire

BL1 6NR

REGISTERED NUMBER:

05534471 (England and Wales)

ACCOUNTANTS:

Dunhams

Chartered Accountants

11 Warwick Road

Old Trafford

Manchester

M16 0QQ

BANKERS:

National Westminster Bank Plc

24 Deansgate

Bolton

Lancashire

BL1 1BN

FIXED ASSETS

Investments

2

1,463,465

CURRENT ASSETS

Debtors

20,000

Cash at bank

9,480

9,552

29,480

29,552

CREDITORS

Amounts falling due within one year

492,628

NET CURRENT LIABILITIES

(463,148

)

(463,076

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,000,317

1,000,389

CREDITORS

Amounts falling due after more than one
year

530,000

580,000

NET ASSETS

470,317

420,389

CAPITAL AND RESERVES

Called up share capital

3

3,000

Share premium

431,100

Profit and loss account

36,217

(13,711

)

SHAREHOLDERS' FUNDS

470,317

420,389

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27 November 2015 and were signed on its behalf
by:

T D Briggs MBE MBA, LLB - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Preparation of consolidated financial statements

The financial statements contain information about Maxilin Manufacturing Limited as an individual company

and do not contain consolidated financial information as the parent of a group. The company has taken the option

under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods

different from those in which they are included in the company's financial statements. Deferred tax is provided in

full on all timing differences which result in an obligation to pay more (or less) tax at a future date, at the average

tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the valuation of fixed assets where there is no

commitment to sell the asset at the balance sheet date.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 September 2014

and 31 August 2015

1,463,465

NET BOOK VALUE

At 31 August 2015

1,463,465

At 31 August 2014

1,463,465

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Maxilin Limited

Country of incorporation: England and Wales

Nature of business: Manufacture and supply of confectionery

%

Class of shares:

holding

Ordinary

100.00

2015

2014

£

Aggregate capital and reserves

1,746,184

1,683,192

Profit for the year

112,992

1,671

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

3,000

Ordinary

£1

3,000

4.	RELATED PARTY DISCLOSURES

Maxilin Limited

Maxilin Manufacturing Limited owns the entire share capital in Maxilin Limited

Included in creditors is an amount of £492,628 (2014: £492,628) due to Maxilin Limited.

Maxilin Limited has paid a dividend of £Nil (2014: £Nil) to Maxilin Manufacturing Limited

during the period.

R. Crawford (Northern) Limited

Maxilin Manufacturing Limited owns the entire share capital in Maxilin Limited, which in turn owns the entire

issued share capital of R. Crawford (Northern) Limited, both of which were incorporated and are trading in the

UK.

During the year Maxilin Manufacturing Limited charges a management fee of £Nil (2014: £Nil) to R. Crawford

(Northern) Limited.

Maxilin Manufacturing Limited is owed management fees of £20,000 (2014: £20,000) from R. Crawford

(Northern) Limited for the period which are outstanding at the year end and included in debtors.

T D Briggs MBE MBA, LLB

Mr T D Briggs MBE, MBA, LLB and Dr J R Briggs MBChb, MRCGP are also directors of Maxilin Limited and

R. Crawford (Northern) Limited.

Included in accrued expenses is an amount of £Nil (2014: £Nil) in respect of interest on loans made to the

company by the director's Mr T D Briggs MBE, MBA, LLB and Dr J R Briggs MBChB, MRCGP.

J R Briggs MBChB, MRCGP

Included in accrued expenses is an amount of £Nil (2014: £Nil) in respect of interest on loans made to the

company by the director's Mr T D Briggs MBA, LLB and Dr J R Briggs MBChB, MRCGP.

5.	ULTIMATE CONTROLLING PARTY

Dr JR Briggs MBChb MRCGP holds 50% of the issued share capital of Maxilin Manufacturing Limited.

Mr T D Briggs MBE, MBA, LLB and Dr J R Briggs MBChB, MRCGP who together hold 50% of the shares in

Maxilin Manufacturing Limited in their capacity as trustees of the JR Briggs Accumulation and Maintenance

Trust are jointly considered to be the ultimate controlling party.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Maxilin Manufacturing Limited for the year ended 31 August 2015 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Maxilin Manufacturing Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Maxilin Manufacturing Limited and state those matters that we have agreed to state to the Board of Directors of Maxilin Manufacturing Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Maxilin Manufacturing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Maxilin Manufacturing Limited. You consider that Maxilin Manufacturing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Maxilin Manufacturing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Dunhams

Chartered Accountants

11 Warwick Road

Old Trafford

Manchester

M16 0QQ

27 November 2015