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Registration number: 10214289

Mapleline Solutions Ltd

Unaudited Filleted Financial Statements

for the Period from 1 July 2021 to 31 December 2022

 

Mapleline Solutions Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Mapleline Solutions Ltd

Company Information

Directors

Mr Prakash Patel

Mrs Meena Patel

Registered office

Premier Business House / 43-45 Sanders Road
Esitaas
Wellingborough
Northamptonshire
NN8 4NL

 

Mapleline Solutions Ltd

(Registration number: 10214289)
Balance Sheet as at 31 December 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

-

1,487

Current assets

 

Debtors

5

4,330

150

Cash at bank and in hand

 

36,973

143,724

 

41,303

143,874

Creditors: Amounts falling due within one year

6

(51,877)

(141,472)

Net current (liabilities)/assets

 

(10,574)

2,402

Net (liabilities)/assets

 

(10,574)

3,889

Capital and reserves

 

Called up share capital

7

10

10

Retained earnings

(10,584)

3,879

Shareholders' (deficit)/funds

 

(10,574)

3,889

For the financial period ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 August 2023 and signed on its behalf by:
 

.........................................
Mr Prakash Patel
Director

 

Mapleline Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 1 July 2021 to 31 December 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Premier Business House / 43-45 Sanders Road
Esitaas
Wellingborough
Northamptonshire
NN8 4NL
England

These financial statements were authorised for issue by the Board on 24 August 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Mapleline Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 1 July 2021 to 31 December 2022

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% Reducing Method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2021 - 2).

 

Mapleline Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 1 July 2021 to 31 December 2022

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 July 2021

2,713

2,713

Disposals

(2,713)

(2,713)

At 31 December 2022

-

-

Depreciation

At 1 July 2021

1,226

1,226

Eliminated on disposal

(1,226)

(1,226)

At 31 December 2022

-

-

Carrying amount

At 31 December 2022

-

-

At 30 June 2021

1,487

1,487

5

Debtors

Current

2022
£

2021
£

Trade debtors

1,260

126

Other debtors

3,070

24

 

4,330

150

6

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Trade creditors

150

150

Taxation and social security

-

5,504

Accruals and deferred income

-

2,970

Other creditors

51,727

132,848

51,877

141,472

 

Mapleline Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 1 July 2021 to 31 December 2022

7

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary of £1 each

10

10

10

10