REGISTERED NUMBER: |
Maintained Solutions Limited |
Unaudited Financial Statements |
for the Year Ended 31st October 2021 |
REGISTERED NUMBER: |
Maintained Solutions Limited |
Unaudited Financial Statements |
for the Year Ended 31st October 2021 |
Maintained Solutions Limited (Registered number: 04947348) |
Contents of the Financial Statements |
for the Year Ended 31st October 2021 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
Maintained Solutions Limited |
Company Information |
for the Year Ended 31st October 2021 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
48 Arwenack Street |
FALMOUTH |
Cornwall |
TR11 3JH |
Maintained Solutions Limited (Registered number: 04947348) |
Statement of Financial Position |
31st October 2021 |
2021 | 2020 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
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. |
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 |
Maintained Solutions Limited (Registered number: 04947348) |
Notes to the Financial Statements |
for the Year Ended 31st October 2021 |
1. | STATUTORY INFORMATION |
Maintained Solutions Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2020 - NIL). |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
Maintained Solutions Limited (Registered number: 04947348) |
Notes to the Financial Statements - continued |
for the Year Ended 31st October 2021 |
6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31st October 2021 and 31st October 2020: |
2021 | 2020 |
£ | £ |
Balance outstanding at start of year | ( |
) |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) | ( |
) |
7. | ULTIMATE CONTROLLING PARTY |
The company is controlled by the director and majority shareholder Mr T Sigler. |
8. | RELATED PARTY |
In 2014 the company received a loan of £27,500 from Landjust Limited. The directors and shareholders of the company are the parents of the director Mrs P Sigler. |
At the year end date the whole balance is outstanding and included within current liabilities. There is no interest being charged on this year. |
9. | GOING CONCERN |
At the year end the company had net liabilities and with the continued financial support of the directors, the directors believe the company is a going concern. |