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REGISTERED NUMBER: 07202342 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Mayne Solutions Limited

Mayne Solutions Limited (Registered number: 07202342)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mayne Solutions Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: D Mayne





REGISTERED OFFICE: Unit 12 Pickwick Park
Park Lane
Corsham
Wiltshire
SN13 0HN





REGISTERED NUMBER: 07202342 (England and Wales)





ACCOUNTANTS: Morley & Co (UK) Ltd
Chartered Certified Accountants,
2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY

Mayne Solutions Limited (Registered number: 07202342)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 28,437 32,187
Tangible assets 5 20,220 27,101
48,657 59,288

CURRENT ASSETS
Debtors 6 723,868 651,875
Cash at bank 15,310 4,800
739,178 656,675
CREDITORS
Amounts falling due within one year 7 172,436 157,268
NET CURRENT ASSETS 566,742 499,407
TOTAL ASSETS LESS CURRENT
LIABILITIES

615,399

558,695

CREDITORS
Amounts falling due after more than one
year

8

34,260

39,816
NET ASSETS 581,139 518,879

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 581,039 518,779
SHAREHOLDERS' FUNDS 581,139 518,879

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Mayne Solutions Limited (Registered number: 07202342)

Balance Sheet - continued
31 March 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 2 November 2023 and were signed by:





D Mayne - Director


Mayne Solutions Limited (Registered number: 07202342)

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

1. STATUTORY INFORMATION

Mayne Solutions 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.


Mayne Solutions Limited (Registered number: 07202342)

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

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank loans and loans to or from other group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

Mayne Solutions Limited (Registered number: 07202342)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 75,000
AMORTISATION
At 1 April 2022 42,813
Amortisation for year 3,750
At 31 March 2023 46,563
NET BOOK VALUE
At 31 March 2023 28,437
At 31 March 2022 32,187

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 13,786 35,529 38,855 88,170
Additions 480 - 2,277 2,757
At 31 March 2023 14,266 35,529 41,132 90,927
DEPRECIATION
At 1 April 2022 11,105 17,419 32,545 61,069
Charge for year 1,994 4,527 3,117 9,638
At 31 March 2023 13,099 21,946 35,662 70,707
NET BOOK VALUE
At 31 March 2023 1,167 13,583 5,470 20,220
At 31 March 2022 2,681 18,110 6,310 27,101

Mayne Solutions Limited (Registered number: 07202342)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 33,850
DEPRECIATION
At 1 April 2022 16,793
Charge for year 4,264
At 31 March 2023 21,057
NET BOOK VALUE
At 31 March 2023 12,793
At 31 March 2022 17,057

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Amounts recoverable on contract 7,534 10,574
Other debtors 711,276 636,983
718,810 647,557

Amounts falling due after more than one year:
Other debtors 5,058 4,318

Aggregate amounts 723,868 651,875

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 19,555 22,878
Trade creditors - 4,088
Taxation and social security 35,627 48,953
Other creditors 117,254 81,349
172,436 157,268

Mayne Solutions Limited (Registered number: 07202342)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 34,260 39,816

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 12,037 17,593