Company Registration No. 8409309 (England and Wales)
MAYFIELDS (UK) LTD
Unaudited accounts
for the year ended 31 March 2023
MAYFIELDS (UK) LTD
Unaudited accounts
Contents
MAYFIELDS (UK) LTD
Company Information
for the year ended 31 March 2023
Directors
Mohammed Shabir
Waqas Naseem
Ravi Talafair
Company Number
8409309 (England and Wales)
Registered Office
1ST FLOOR, UNIT 5 HIGHGATE BUS. CENTRE
HIGHGATE ROAD
BIRMINGHAM
B12 8EA
MAYFIELDS (UK) LTD
Statement of financial position
as at 31 March 2023
Tangible assets
12,964
14,358
Cash at bank and in hand
35,702
15,632
Creditors: amounts falling due within one year
(37,242)
(63,842)
Net current assets/(liabilities)
36,446
(10,224)
Total assets less current liabilities
49,410
4,134
Creditors: amounts falling due after more than one year
(38,000)
-
Provisions for liabilities
Deferred tax
(1,814)
(1,936)
Called up share capital
200
200
Profit and loss account
9,396
1,998
Shareholders' funds
9,596
2,198
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 directors acknowledge their 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 of Directors and authorised for issue on 14 September 2023 and were signed on its behalf by
Mohammed Shabir
Director
Company Registration No. 8409309
MAYFIELDS (UK) LTD
Notes to the Accounts
for the year ended 31 March 2023
MAYFIELDS (UK) LTD is a private company, limited by shares, registered in England and Wales, registration number 8409309. The registered office is 1ST FLOOR, UNIT 5 HIGHGATE BUS. CENTRE, HIGHGATE ROAD, BIRMINGHAM, B12 8EA.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
18% Reducing Balance Basis
Computer equipment
18% Reducing Balance Basis
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
34,071
15,791
49,862
At 31 March 2023
34,071
17,063
51,134
At 1 April 2022
25,195
10,309
35,504
Charge for the year
1,598
1,068
2,666
At 31 March 2023
26,793
11,377
38,170
At 31 March 2023
7,278
5,686
12,964
At 31 March 2022
8,876
5,482
14,358
MAYFIELDS (UK) LTD
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
37,986
37,986
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
4,923
5,097
Amounts owed to group undertakings and other participating interests
-
32,000
Taxes and social security
32,001
26,463
Loans from directors
180
180
7
Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
38,000
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
100 Ordinary shares - B of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 11 (2022: 12).