Maximum Performance International Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 09488458 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Maximum Performance International Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

JJ Brown

M Willoughby

Mrs JS Waller

SECRETARY:

Mrs L A Willoughby

REGISTERED OFFICE:

c/o Charnwood Accountants

The Point, Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

BUSINESS ADDRESS:

Regus House

Herald Way

Pegasus Business Park

Castle Donington

Derbyshire

DE74 2TZ

REGISTERED NUMBER:

09488458 (England and Wales)

ACCOUNTANTS:

Charnwood Accountants & Business Advisors LLP

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

FIXED ASSETS

Tangible assets

4

4,332

-

Investments

5

-

-

4,332

-

CURRENT ASSETS

Debtors

6

304,559

100

Cash at bank and in hand

150,972

-

455,531

100

CREDITORS

Amounts falling due within one year

7

318,224

-

NET CURRENT ASSETS

137,307

100

TOTAL ASSETS LESS CURRENT LIABILITIES

141,639

100

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

141,539

-

SHAREHOLDERS' FUNDS

141,639

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 7 August 2017 and were signed on its behalf by:

JJ Brown - Director

M Willoughby - Director

1.	STATUTORY INFORMATION

Maximum Performance International Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

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

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

Additions

2,479

3,297

5,776

At 31 March 2017

2,479

3,297

5,776

DEPRECIATION

Charge for year

620

824

1,444

At 31 March 2017

620

824

1,444

NET BOOK VALUE

At 31 March 2017

1,859

2,473

4,332

5.	FIXED ASSET INVESTMENTS

Maximum Performance International Ltd owns 100% of MPI Americas LLC. There is no share capital in MPI

Americas LLC.

The company also owns 100% of Maximum Performance International Gulf DMCC. No payment has been

made for this investment.

The company is not required to produce group accounts as the group qualifies as a small group. The financial

statements refer only to Maximum Performance International Ltd.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

170,118

-

Amounts owed by group undertakings

44,091

-

Other debtors

90,350

100

304,559

100

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

84,232

-

Taxation and social security

145,058

-

Other creditors

88,934

-

318,224

-

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

100

Share capital 1

£1

100

100

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2017 and the period

ended 31 March 2016:

31.3.17

31.3.16

£

£

Mrs JS Waller

Balance outstanding at start of year

-

-

Amounts advanced

206,767

-

Amounts repaid

(157,915

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

48,852

-

The overdrawn director's loan account was repaid on 4 April 2017. No interest has been charged on the

overdrawn amount as this is more than offset by interest payable whilst the account was in credit.

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

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

financial statements of Maximum Performance International Ltd for the year ended 31 March 2017 which comprise the

Income Statement, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Maximum Performance International Ltd, 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 Maximum Performance International Ltd and state those matters that we have agreed to state to the Board of Directors of Maximum Performance International Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. 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 Maximum Performance International Ltd 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 Maximum Performance International Ltd. You consider that Maximum Performance International Ltd 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 Maximum Performance International Ltd. 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.

Charnwood Accountants & Business Advisors LLP

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

7 August 2017