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REGISTERED NUMBER: 03920317 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

MAPLELEAF CLEANERS LIMITED

MAPLELEAF CLEANERS LIMITED (REGISTERED NUMBER: 03920317)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


MAPLELEAF CLEANERS LIMITED (REGISTERED NUMBER: 03920317)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 15,000
Tangible assets 5 70,849 73,444
70,849 88,444

CURRENT ASSETS
Stocks - 2,000
Debtors 6 71,226 129,275
Cash at bank and in hand 46,463 56,319
117,689 187,594
CREDITORS
Amounts falling due within one year 7 107,512 173,966
NET CURRENT ASSETS 10,177 13,628
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,026

102,072

CREDITORS
Amounts falling due after more than one year 8 (27,000 ) (46,311 )

PROVISIONS FOR LIABILITIES (17,750 ) (20,066 )
NET ASSETS 36,276 35,695

CAPITAL AND RESERVES
Called up share capital 10 101 101
Retained earnings 36,175 35,594
SHAREHOLDERS' FUNDS 36,276 35,695

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 January 2024 and were signed on its behalf by:



Mr N R Bunton - Director


MAPLELEAF CLEANERS LIMITED (REGISTERED NUMBER: 03920317)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Mapleleaf Cleaners Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03920317

Registered office: Ingram House
6 Meridian Way
Norwich
Norfolk
NR7 0TA

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.

The functional and presentation currency of these financial statements is pound sterling.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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 assets
Tangible assets are recorded at cost less accumulated depreciation. Cost includes the original purchase price of the asset plus costs attributable to bringing the asset to its working condition for its intended use. Land is not depreciated. Depreciation on other assets is charged from the time when tangible assets are brought into use and is calculated so as to write off the cost of fixed assets, less their estimated residual values, over the expected useful economic lives of the assets concerned. The principal annual rates used for this purpose are as follows:

Leasehold 20% Straight Line
Plant & Machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.


MAPLELEAF CLEANERS LIMITED (REGISTERED NUMBER: 03920317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

2. ACCOUNTING POLICIES - continued
Taxation
The tax charge represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous periods.

A deferred tax asset or liability is recognised for tax recoverable or payable in future periods in respect of
transactions and events recognised in the financial statements of current and previous periods.

Deferred tax arises from timing differences that are differences between taxable profits and the company's results as stated in the financial statements. Timing differences result from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is recognised on all timing differences at the reporting date apart from certain exceptions.
Unrelieved tax losses and other deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing differences. Deferred tax relating to land and investment properties that is measured at fair value is measured using the tax rates and allowances that apply to the sale of the asset.

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.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions are recognised as an expense when they are due. Amounts not paid are included in other creditors in the balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 103 (2022 - 103 ) .

4. INTANGIBLE ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 300,000
AMORTISATION
At 1 May 2022 285,000
Charge for year 15,000
At 30 April 2023 300,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 15,000

MAPLELEAF CLEANERS LIMITED (REGISTERED NUMBER: 03920317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

5. TANGIBLE ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2022 3,654 429,179 432,833
Additions - 13,000 13,000
Disposals - (3,333 ) (3,333 )
At 30 April 2023 3,654 438,846 442,500
DEPRECIATION
At 1 May 2022 3,654 355,735 359,389
Charge for year - 13,806 13,806
Eliminated on disposal - (1,544 ) (1,544 )
At 30 April 2023 3,654 367,997 371,651
NET BOOK VALUE
At 30 April 2023 - 70,849 70,849
At 30 April 2022 - 73,444 73,444

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2022
and 30 April 2023 11,500
DEPRECIATION
At 1 May 2022 4,313
Charge for year 1,797
At 30 April 2023 6,110
NET BOOK VALUE
At 30 April 2023 5,390
At 30 April 2022 7,187

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 58,772 104,579
Other debtors 12,454 24,696
71,226 129,275

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 18,409 20,445
Hire purchase contracts 1,932 3,864
Trade creditors 6,951 14,986
Taxation and social security 52,785 89,700
Other creditors 27,435 44,971
107,512 173,966

MAPLELEAF CLEANERS LIMITED (REGISTERED NUMBER: 03920317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 27,000 45,000
Hire purchase contracts - 1,311
27,000 46,311

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 45,409 65,445
Hire purchase contracts 1,932 5,175
47,341 70,620

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100
1 Ordinary B 1 1 1
101 101

11. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £4,596 (2022 - £53,323).

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
Mr N R Bunton and Mrs K E Bunton
Balance outstanding at start of year (511 ) 24,349
Amounts advanced 52,035 52,655
Amounts repaid (51,761 ) (77,515 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (237 ) (511 )

Mr A E Bunton
Balance outstanding at start of year (319 ) 22,503
Amounts advanced 42,356 42,048
Amounts repaid (42,500 ) (64,870 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (463 ) (319 )

Interest of £80 (2022 - £258) was charged by the company, using HM Revenue & Customs published rates, on any beneficial overdrawn loan accounts.