Maymax Engineering Limited - Accounts to registrar - small 17.2
Maymax Engineering Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 November 2016 |
| for |
| Maymax Engineering Limited |
| Maymax Engineering Limited (Registered number: 04888277) |
| Contents of the Financial Statements |
| for the Year Ended 30 November 2016 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Maymax Engineering Limited |
| Company Information |
| for the Year Ended 30 November 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Maymax Engineering Limited (Registered number: 04888277) |
| Balance Sheet |
| 30 November 2016 |
| 30.11.16 | 30.11.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 3 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 5 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | 6 | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings | 8 |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the Board of Directors on |
| Maymax Engineering Limited (Registered number: 04888277) |
| Notes to the Financial Statements |
| for the Year Ended 30 November 2016 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
| items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire |
| purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over |
| their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future |
| payments is treated as a liability. |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 2. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 December 2015 |
| Additions |
| Disposals | ( |
) |
| At 30 November 2016 |
| DEPRECIATION |
| At 1 December 2015 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 November 2016 |
| NET BOOK VALUE |
| At 30 November 2016 |
| At 30 November 2015 |
| Maymax Engineering Limited (Registered number: 04888277) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2016 |
| 2. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 December 2015 |
| Additions |
| At 30 November 2016 |
| DEPRECIATION |
| At 1 December 2015 |
| Charge for year |
| At 30 November 2016 |
| NET BOOK VALUE |
| At 30 November 2016 |
| At 30 November 2015 |
| 3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.11.16 | 30.11.15 |
| £ | £ |
| Trade debtors | 127,993 | 187,482 |
| Other debtors | 96,127 | 43,244 |
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.11.16 | 30.11.15 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.11.16 | 30.11.15 |
| £ | £ |
| Hire purchase contracts |
| 6. | PROVISIONS FOR LIABILITIES |
| 30.11.16 | 30.11.15 |
| £ | £ |
| Deferred tax |
| Maymax Engineering Limited (Registered number: 04888277) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2016 |
| 6. | PROVISIONS FOR LIABILITIES - continued |
| Deferred |
| tax |
| £ |
| Accelerated Capital Allowances | 12,089 |
| Balance at 30 November 2016 |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.11.16 | 30.11.15 |
| value: | £ | £ |
| Ordinary | £1 |
| 8. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 December 2015 |
| Profit for the year |
| Dividends | ( |
) |
| At 30 November 2016 |
| 9. | RELATED PARTY DISCLOSURES |
| During the year the company lent £32,500 to Mr D Evans, a parent of Mrs D Smith a director of the company. There was a |
| total of £32,500 outstanding at the year end. |
| 10. | ULTIMATE CONTROLLING PARTY |
| The Company was under the joint ownership of Mr. Dean and Mrs. Debbie Smith throughout the current year. |