Maxpowder Limited - Accounts to registrar (filleted) - small 18.2

Maxpowder Limited - Accounts to registrar (filleted) - small 18.2

MAXPOWDER LIMITED - Company Information

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REGISTERED NUMBER: 05378403 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2020

FOR

MAXPOWDER LIMITED
MAXPOWDER LIMITED (REGISTERED NUMBER: 05378403)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 6

MAXPOWDER LIMITED

COMPANY INFORMATION
for the Year Ended 29 February 2020







DIRECTORS: Mr K R Dormer
Mr P J Hay





REGISTERED OFFICE: Unit 8 Kents Avenue
Apsley Industrial Estate
Hemel Hempstead
Hertfordshire
HP3 9XH





REGISTERED NUMBER: 05378403 (England and Wales)





ACCOUNTANTS: Beyond Accounting Limited
19 Abbots Business Park
Primrose Hill
Kings Langley
Hertfordshire
WD4 8FR
Page 1
MAXPOWDER LIMITED (REGISTERED NUMBER: 05378403)

BALANCE SHEET
29 February 2020

29.2.20 28.2.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,679 21,796

CURRENT ASSETS
Debtors 5 12,662 15,901
Cash at bank 34,892 26,920
47,554 42,821
CREDITORS
Amounts falling due within one year 6 51,417 55,362
NET CURRENT LIABILITIES (3,863 ) (12,541 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
16,816
9,255

CREDITORS
Amounts falling due after more than one
year
7
5,475
7,528
NET ASSETS 11,341 1,727

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11,241 1,627
SHAREHOLDERS' FUNDS 11,341 1,727

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2020 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 notes form part of these financial statements

Page 2 continued...
MAXPOWDER LIMITED (REGISTERED NUMBER: 05378403)

BALANCE SHEET - continued
29 February 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 3 December 2020 and
were signed on its behalf by:





Mr K R Dormer - Director


The notes form part of these financial statements

Page 3
MAXPOWDER LIMITED (REGISTERED NUMBER: 05378403)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2020

1. STATUTORY INFORMATION

Maxpowder Limited 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 - Straight line over 3 years

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 5 (2019 - 4 ) .

Page 4 continued...
MAXPOWDER LIMITED (REGISTERED NUMBER: 05378403)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2020

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 March 2019 80,022 3,014 83,036
Additions 5,319 520 5,839
At 29 February 2020 85,341 3,534 88,875
DEPRECIATION
At 1 March 2019 58,995 2,245 61,240
Charge for year 6,587 369 6,956
At 29 February 2020 65,582 2,614 68,196
NET BOOK VALUE
At 29 February 2020 19,759 920 20,679
At 28 February 2019 21,027 769 21,796

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.20 28.2.19
£    £   
Trade debtors 8,662 11,562
Other debtors - 339
Prepayments 4,000 4,000
12,662 15,901

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.20 28.2.19
£    £   
Hire purchase contracts 2,053 2,053
Trade creditors 8,816 9,558
Taxation 8 5
Value added tax 2,861 4,321
Other creditors 324 506
Directors' current accounts 36,705 38,269
Accruals 650 650
51,417 55,362

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.20 28.2.19
£    £   
Hire purchase contracts 5,475 7,528

Page 5
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MAXPOWDER LIMITED

The following reproduces the text of the report prepared for the directors 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 Maxpowder Limited for the year ended 29 February 2020 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 Maxpowder 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 Maxpowder Limited and state those matters that we have agreed to state to the Board of Directors of Maxpowder Limited, 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 Maxpowder 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 Maxpowder Limited. You consider that Maxpowder 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 Maxpowder 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.






Beyond Accounting Limited
19 Abbots Business Park
Primrose Hill
Kings Langley
Hertfordshire
WD4 8FR


3 December 2020

This page does not form part of the statutory financial statements

Page 6