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Company Registration No. 10680806 (England and Wales)
May May (2017) Ltd Unaudited accounts for the year ended 31 March 2023
May May (2017) Ltd Unaudited accounts Contents
Page
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May May (2017) Ltd Company Information for the year ended 31 March 2023
Director
Wing Fai Cheung
Company Number
10680806 (England and Wales)
Registered Office
30 ST. BOTOLPHS STREET COLCHESTER CO2 7EA ENGLAND
Accountants
Jie Wang ACCA Chartered Certified Accountant 28 Friars Street Sudbury Suffolk CO10 2AA
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May May (2017) Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
36,192 
22,975 
Current assets
Inventories
34,554 
34,554 
Debtors
6,123 
1,976 
Cash at bank and in hand
44,273 
70,770 
84,950 
107,300 
Creditors: amounts falling due within one year
(50,298)
(29,419)
Net current assets
34,652 
77,881 
Total assets less current liabilities
70,844 
100,856 
Creditors: amounts falling due after more than one year
(33,333)
(42,555)
Net assets
37,511 
58,301 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
37,510 
58,300 
Shareholders' funds
37,511 
58,301 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 November 2023 and were signed on its behalf by
Wing Fai Cheung Director Company Registration No. 10680806
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May May (2017) Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
May May (2017) Ltd is a private company, limited by shares, registered in England and Wales, registration number 10680806. The registered office is 30 ST. BOTOLPHS STREET, COLCHESTER, CO2 7EA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
- 
40,296 
40,296 
Additions
17,095 
4,066 
21,161 
At 31 March 2023
17,095 
44,362 
61,457 
Depreciation
At 1 April 2022
- 
17,321 
17,321 
Charge for the year
3,077 
4,867 
7,944 
At 31 March 2023
3,077 
22,188 
25,265 
Net book value
At 31 March 2023
14,018 
22,174 
36,192 
At 31 March 2022
- 
22,975 
22,975 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
3,765 
1,655 
Trade debtors
393 
321 
Accrued income and prepayments
1,965 
- 
6,123 
1,976 
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May May (2017) Ltd Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
48,722 
9,592 
Taxes and social security
1,576 
19,827 
50,298 
29,419 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
33,333 
42,555 
8
Average number of employees
During the year the average number of employees was 6 (2022: 5).
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