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Company Registration No. 09752367 (England and Wales)
Mapology Guides Limited Unaudited accounts for the year ended 31 January 2022
Mapology Guides Limited Unaudited accounts Contents
Page
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Mapology Guides Limited Company Information for the year ended 31 January 2022
Director
Tina Bernstein
Company Number
09752367 (England and Wales)
Registered Office
85 Great Portland Street First Floor London W1W 7LT UK
Accountants
Swift Accounting Lower Barton Lamerton Tavistock Devon PL19 8RR
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Mapology Guides Limited Statement of financial position as at 31 January 2022
2022 
2021 
Notes
£ 
£ 
Current assets
Inventories
17,367 
18,070 
Debtors
2,154 
2,389 
19,521 
20,459 
Creditors: amounts falling due within one year
(28,157)
(24,098)
Net current liabilities
(8,636)
(3,639)
Total assets less current liabilities
(8,636)
(3,639)
Creditors: amounts falling due after more than one year
(12,261)
(10,241)
Net liabilities
(20,897)
(13,880)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(20,899)
(13,882)
Shareholders' funds
(20,897)
(13,880)
For the year ending 31 January 2022 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 August 2022 and were signed on its behalf by
Tina Bernstein Director Company Registration No. 09752367
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Mapology Guides Limited Notes to the Accounts for the year ended 31 January 2022
1
Statutory information
Mapology Guides Limited is a private company, limited by shares, registered in England and Wales, registration number 09752367. The registered office is 85 Great Portland Street, First Floor, London, W1W 7LT, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Going concern
The director, having considered the position of the company, the future cashflows and trading believes that the company remains a going concern and is able to settle it's liabilities through trading profits in the coming 12 months from the date of the balance sheet being signed.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Mapology Guides Limited Notes to the Accounts for the year ended 31 January 2022
4
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade debtors
- 
410 
Deferred tax asset
1,979 
1,979 
Other debtors
175 
- 
2,154 
2,389 
5
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
15,448 
9,034 
VAT
- 
64 
Trade creditors
3,000 
3,000 
Loans from directors
8,566 
11,000 
Accruals
1,143 
1,000 
28,157 
24,098 
6
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
7,261 
5,241 
Trade creditors
5,000 
5,000 
12,261 
10,241 
7
Operating lease commitments
2022 
2021 
£ 
£ 
At 31 January 2022 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within two to five years
3,832 
4,973 
8
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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