1 April 2022 v2023.23.2 micro_entity_frs_105_v1_1_0 filingSoftwarefalsetruetruetrueNo description of principal activitytruexbrli:purexbrli:sharesiso4217:GBPNI6554042022-04-012023-03-31NI6554042023-03-31NI6554042022-03-31NI655404core:WithinOneYear2023-03-31NI655404core:WithinOneYear2022-03-31NI655404core:AfterOneYear2023-03-31NI655404core:AfterOneYear2022-03-31NI655404bus:RegisteredOffice2022-04-012023-03-31NI6554042021-04-012022-03-31NI655404bus:Director12022-04-012023-03-31NI655404bus:Director22022-04-012023-03-31NI65540412022-04-012023-03-31NI655404countries:NorthernIreland2022-04-012023-03-31NI655404bus:AuditExemptWithAccountantsReport2022-04-012023-03-31NI655404bus:PrivateLimitedCompanyLtd2022-04-012023-03-31NI655404bus:Micro-entities2022-04-012023-03-31NI655404bus:FullAccounts2022-04-012023-03-31
Company registration number:
NI655404
Mauds (Bangor) Ltd
Unaudited Filleted Financial Statements for the year ended
31 March 2023
Mauds (Bangor) Ltd
Statement of Financial Position
31 March 2023
20232022
££
Fixed assets
86,700
 
105,684
 
   
Current assets
89,895
 
35,970
 
Prepayments and accrued income
787
 
725
 
Creditors: amounts falling due within one year
(124,391
)
(125,828
)
Net current liabilities
(33,709
)
(89,133
)
Total assets less current liabilities
52,991
 
16,551
 
Creditors: amounts falling due after more than one year
(22,693
)
(32,688
)
Accruals and deferred income
(6,060
)
(4,430
)
Net assets/(liabilities)
24,238
 
(20,567
)
   
Capital and reserves
24,238
 
(20,567
)

Notes to the Financial Statements

1 General information

The company is a private company limited by shares and is registered in Northern Ireland. The address of the registered office is
6 Sloefield Park
,
Trooperslane Industrial Park
,
Carrickfergus
,
BT38 8GR
, Northern Ireland.

2 Average number of employees

The average number of persons employed by the company during the year was
12
(2022:
12
).

3 Guarantees and other financial commitments

Related Company Transactions & Balances
During the year the company acquired goods from a related company amounting to £106,862 (2022: £103,590) and received other loans in the amount of £2,328 ( 2022: the company repaid advances of £5,411). The total amount owing to this company at the financial year end amounted to £106,403 (2022: £109,501) and is included within Creditors: amounts falling due within one year.
Group Company Transactions & Balances
The company also billed a group company for management charges of £9,437 (2022: £5,589). The net total amount due from group undertakings at the financial year end was £74,986 (2022: £9,534) and is included within current assets. One of the companies within the group is currently insolvent and can continue trading only with the support of the group and related company, and amounts due have been provided for to the extent they are not deemed likely to be recoverable. A summary of the transactions with group companies is set out below:
Management Income £9,437 (31.3.22 - £5,589)
Other advances & loans (£63,681) (loaned) (31.3.22 - £72,111 (received))
Gross amounts due from group companies £86,101 ( 31.3.22 - £18,917)
Group bad debt provision £11,115 (31.3.22 - £9,383)
For the year ending
31 March 2023
, 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 financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
10 October 2023
, and are signed on behalf of the board by:
Mrs Roberta Wilson
Mr Ian David Wilson
DirectorDirector
Company registration number:
NI655404