Accounts filed on 31-03-2018


Registered number: 04936577






MAXWELL BATHROOM SPECIALISTS LIMITED


ACCOUNTS

FOR THE YEAR ENDED 31/03/2018
























Prepared By:
LHM ACCOUNTANTS
Incorporated Financial Accountants
20 Westlands Way
Oxted
Surrey
RH8 0ND


MAXWELL BATHROOM SPECIALISTS LIMITED


ACCOUNTS
FOR THE YEAR ENDED 31/03/2018





DIRECTORS
M D Maxwell
D L Maxwell



SECRETARY
P K Manster


REGISTERED OFFICE
20 Westlands Way
Oxted
Surrey
RH8 0ND


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04936577



BANKERS
Lloyds Bank Plc



ACCOUNTANTS
LHM ACCOUNTANTS
Incorporated Financial Accountants
20 Westlands Way
Oxted
Surrey
RH8 0ND


ACCOUNTS
FOR THEYEARENDED31/03/2018



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/03/2018

			2018		2017
	Notes		£		£

FIXED ASSETS
Tangible assets	2		29,315		39,087

CURRENT ASSETS
Stock		19,676		20,397
Debtors	4	85,048		2,766
Cash at bank and in hand		95,085		167,248
		199,809		190,411
CREDITORS: Amounts falling due within one year	5	132,906		139,166
NET CURRENT ASSETS			66,903		51,245
TOTAL ASSETS LESS CURRENT LIABILITIES			96,218		90,332


CREDITORS: Amounts falling due after more than one year	6		-		10,991

NET ASSETS			96,218		79,341

CAPITAL AND RESERVES

Called up share capital	8		100		100
Profit and loss account			96,118		79,241
SHAREHOLDERS' FUNDS			96,218		79,341

For the year ending 31/03/2018 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 04/12/2018 and signed on their behalf by



.............................
M D Maxwell
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Equipment		reducing balance 25%
Motor Cars		reducing balance 25%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.




4. DEBTORS	2018	2017
	£	£
Amounts falling due within one year
Trade debtors	78,491	-
Directors current account	6,557	2,766
	85,048	2,766




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2018	2017
	£	£
UK corporation tax	43,590	50,327
VAT	15,803	22,149
PAYE control	4,857	2,345
Hire purchase	2,378	-
Payments received on account	-	29,350
Trade creditors	48,371	27,118
Other creditors	-	2,252
Accruals	17,907	5,625
	132,906	139,166




6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2018	2017
	£	£
Hire purchase >1yr	-	10,991
	-	10,991




8. SHARE CAPITAL	2018	2017
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1.00 each	100	100
	100	100