MAITH DESIGN LIMITED

Company Registration Number:
09586434 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2022

Period of accounts

Start date: 01 July 2021

End date: 30 June 2022

MAITH DESIGN LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2022

Balance sheet
Notes

MAITH DESIGN LIMITED

Balance sheet

As at 30 June 2022


Notes

2022

2021


£

£
Fixed assets
Tangible assets: 3 31,278 31,931
Total fixed assets: 31,278 31,931
Current assets
Stocks: 62,642 60,000
Debtors: 4 127,453 163,175
Cash at bank and in hand: 42,260 40,200
Total current assets: 232,355 263,375
Creditors: amounts falling due within one year:   (198,410) (244,081)
Net current assets (liabilities): 33,945 19,294
Total assets less current liabilities: 65,223 51,225
Provision for liabilities: (4,730) (6,067)
Total net assets (liabilities): 60,493 45,158
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 60,393 45,058
Shareholders funds: 60,493 45,158

The notes form part of these financial statements

MAITH DESIGN LIMITED

Balance sheet statements

For the year ending 30 June 2022 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 September 2023
and signed on behalf of the board by:

Name: Alan Scott Grieve
Status: Director

The notes form part of these financial statements

MAITH DESIGN LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. net of depreciation and any impairment losses,Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:Fixtures and fittings Computers 20% reducing balance20% reducing balance

MAITH DESIGN LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

2. Employees

2022 2021
Average number of employees during the period 14 16

MAITH DESIGN LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

3. Tangible Assets

Total
Cost £
At 01 July 2021 77,184
Additions 7,166
Disposals 0
Revaluations 0
Transfers 0
At 30 June 2022 84,350
Depreciation
At 01 July 2021 45,253
Charge for year 7,819
At 30 June 2022 53,072
Net book value
At 30 June 2022 31,278
At 30 June 2021 31,931

MAITH DESIGN LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

4. Debtors

2022 2021
££
Debtors due after more than one year: 127,453 163,175