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REGISTERED NUMBER: 12481783 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

MAY CONNECTIONS LTD

MAY CONNECTIONS LTD (REGISTERED NUMBER: 12481783)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAY CONNECTIONS LTD

Company Information
for the Year Ended 28 February 2023







DIRECTOR: S May





REGISTERED OFFICE: Unit A6 Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH





REGISTERED NUMBER: 12481783 (England and Wales)





ACCOUNTANTS: MDJ Services Limited
Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH

MAY CONNECTIONS LTD (REGISTERED NUMBER: 12481783)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,282 29,780

CURRENT ASSETS
Debtors 5 4,926 16,095
Cash at bank 25,349 14,933
30,275 31,028
CREDITORS
Amounts falling due within one year 6 11,182 11,118
NET CURRENT ASSETS 19,093 19,910
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,375

49,690

CREDITORS
Amounts falling due after more than one
year

7

(17,936

)

(20,594

)

PROVISIONS FOR LIABILITIES (4,234 ) (5,658 )
NET ASSETS 19,205 23,438

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 19,105 23,338
19,205 23,438

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MAY CONNECTIONS LTD (REGISTERED NUMBER: 12481783)

Balance Sheet - continued
28 February 2023


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 director and authorised for issue on 13 October 2023 and were signed by:





S May - Director


MAY CONNECTIONS LTD (REGISTERED NUMBER: 12481783)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

May Connections Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

MAY CONNECTIONS LTD (REGISTERED NUMBER: 12481783)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022 10,980 29,326 2,831 43,137
Additions - - 608 608
At 28 February 2023 10,980 29,326 3,439 43,745
DEPRECIATION
At 1 March 2022 2,745 9,678 934 13,357
Charge for year 2,059 4,912 1,135 8,106
At 28 February 2023 4,804 14,590 2,069 21,463
NET BOOK VALUE
At 28 February 2023 6,176 14,736 1,370 22,282
At 28 February 2022 8,235 19,648 1,897 29,780

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2022
and 28 February 2023 29,326
DEPRECIATION
At 1 March 2022 9,678
Charge for year 4,912
At 28 February 2023 14,590
NET BOOK VALUE
At 28 February 2023 14,736
At 28 February 2022 19,648

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 4,926 16,095

MAY CONNECTIONS LTD (REGISTERED NUMBER: 12481783)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 2,657 2,657
Trade creditors 360 -
Tax 4,193 3,477
Social security and other taxes 209 -
VAT 1,277 3,573
Directors' current accounts 1,336 212
Accrued expenses 1,150 1,199
11,182 11,118

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 17,936 20,594