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REGISTERED NUMBER: 11777815 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Maven Systems Limited

Maven Systems Limited (Registered number: 11777815)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Maven Systems Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: MS C Pattanayak





SECRETARY:





REGISTERED OFFICE: Po Box E14 9ts
Unit 4, 11 Skylines Business Village
Limeharbour
London
E14 9TS





REGISTERED NUMBER: 11777815 (England and Wales)





ACCOUNTANTS: Clear Book Accountants
1C Bourn Court
Southend Road
Woodford Green
Ilford
Essex
IG8 8HD

Maven Systems Limited (Registered number: 11777815)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £   
CURRENT ASSETS
Debtors 4 245,000 235,000
Cash at bank 1,995 49,534
246,995 284,534
CREDITORS
Amounts falling due within one year 5 76,557 81,587
NET CURRENT ASSETS 170,438 202,947
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,438

202,947

CREDITORS
Amounts falling due after more than
one year

6

170,000

200,000
NET ASSETS 438 2,947

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 338 2,847
438 2,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Maven Systems Limited (Registered number: 11777815)

Balance Sheet - continued
31 January 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 26 October 2023 and were signed by:





MS C Pattanayak - Director


Maven Systems Limited (Registered number: 11777815)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Maven Systems Limited 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.

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

Maven Systems Limited (Registered number: 11777815)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 240,000 210,000
Other debtors 5,000 25,000
245,000 235,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors - 1
Taxation and social security 71,308 74,973
Other creditors 5,249 6,613
76,557 81,587

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

Third Party Investments:
Phalanx Consultancy to Maven Systems Limited £100,000
SPOT IT LIMITED to Maven Systems Limited £100,000

7. INVESTMENT IN COMPANY

Mrs Chaitali Pattanayak
Director

Mrs Chaitali Pattanayak has investment in the company in her capacity as a Diretctor of Maven Systems Limited.This investment is unsecured and subordinated in favour of a third party creditors of the company.

8. ULTIMATE CONTROLLING PARTY

The controlling party is MS C Pattanayak.

The ultimate controlling party is MS C Pattanayak.