01 July 2022 30 June 2023 No principle activity is included 03336300 2022-07-01 03336300 2023-06-30 03336300 2022-07-01 2023-06-30 03336300 2022-06-30 03336300 2021-07-01 2022-06-30 03336300 uk-core:WithinOneYear 2023-06-30 03336300 uk-core:WithinOneYear 2022-06-30 03336300 uk-core:AfterOneYear 2023-06-30 03336300 uk-core:AfterOneYear 2022-06-30 03336300 uk-core:ShareCapital 2023-06-30 03336300 uk-core:ShareCapital 2022-06-30 03336300 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 03336300 uk-core:RetainedEarningsAccumulatedLosses 2022-06-30 03336300 uk-bus:Director1 2022-07-01 2023-06-30 03336300 uk-bus:RegisteredOffice 2022-07-01 2023-06-30 03336300 uk-curr:PoundSterling 2022-07-01 2023-06-30 03336300 uk-core:OfficeEquipment 2022-07-01 2023-06-30 03336300 uk-core:FurnitureFittingsToolsEquipment 2022-06-30 03336300 uk-core:FurnitureFittingsToolsEquipment 2022-07-01 2023-06-30 03336300 uk-core:FurnitureFittingsToolsEquipment 2023-06-30 03336300 uk-core:BetweenOneTwoYears 2023-06-30 03336300 uk-core:BetweenOneTwoYears 2022-06-30 03336300 uk-bus:FRS102 2022-07-01 2023-06-30 03336300 uk-bus:FullAccounts 2022-07-01 2023-06-30 03336300 uk-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 03336300 uk-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  MAINTENANCE COMPONENTS LIMITED
   
   
   
  UNAUDITED FINANCIAL STATEMENTS
   
   
  FOR THE YEAR ENDED 30 JUNE 2023
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  MAINTENANCE COMPONENTS LIMITED
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 30 JUNE 2023
       
       
  DIRECTORS
       
  R W Connors
  I M Chadwick
       
       
  SECRETARY
       
  R W Connors
       
  REGISTERED OFFICE
       
  78 Birmingham Street
Oldbury
West Midlands
B69 4EB
       
       
  COMPANY REGISTERED NUMBER
       
  03336300
       
       
  BANKERS
       
  HSBC Bank plc
The Bridge
Walsall
West Midlands
WS1 1LN
       
       
  ACCOUNTANTS
       
  Lyness Accountancy Practice Limited
  Chartered Certified Accountants
  78 Birmingham Street
Oldbury
Warley
West Midlands
B69 4EB
       
       
       
       
       
       
       
       
       
       
       
       
  page 1
  MAINTENANCE COMPONENTS LIMITED
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 30 JUNE 2023
       
       
  CONTENTS
       
  Pages
       
       
  3-4 Statement of Financial Position  
       
       
  5-8 Notes to the Financial Statements  
       
     
  page 2
  MAINTENANCE COMPONENTS LIMITED
  Company registered number: 03336300
  STATEMENT OF FINANCIAL POSITION AT 30 June 2023
           
    Note 2023 2022
      £ £ £
  FIXED ASSETS
  Property, plant and equipment 3 632 959
  CURRENT ASSETS    
  Inventories   99,127 94,554
  Debtors 4 142,071 130,319
  Cash at bank and in hand   169,157 208,904
      410,355 433,777
  CREDITORS: Amounts falling due within one year 5 339,604 313,137
  NET CURRENT ASSETS   70,751 120,640
  TOTAL ASSETS LESS CURRENT LIABILITIES   71,383 121,599
           
  CREDITORS: Amounts falling due after more than one year 6 (22,555) (32,242)
  NET ASSETS   £48,828 £89,357
       
  CAPITAL AND RESERVES
  Called up share capital   10,000 10,000
  Retained earnings   38,828 79,357
  SHAREHOLDERS' FUNDS   £48,828 £89,357
       
  The notes on pages 5-8 form part of these financial statements
   
  page 3
  MAINTENANCE COMPONENTS LIMITED
  Company registered number: 03336300
  STATEMENT OF FINANCIAL POSITION AT 30 June 2023 (CONT.)
           
    Note 2023 2022
      £ £ £
       
       
  In approving these financial statements as directors of the company we hereby confirm the following:
       
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
       
  The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with section 476 of the Companies Act 2006.
       
  The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.
 
 
  These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies
       
  In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
       
  The financial statements were approved and authorised for issue by the board of directors on 25/09/2023
 
  Signed on behalf of the board of directors
 
 
       
  R W Connors, Director
       
       
  The notes on pages 5-8 form part of these financial statements
   
  page 4
  MAINTENANCE COMPONENTS LIMITED
  NOTES TO THE ACCOUNTS
  FOR THE YEAR ENDED 30 JUNE 2023
       
 
1. SIGNIFICANT ACCOUNTING POLICIES
       
         
1a. Statement of compliance
         
  Maintenance Components Limited, company number 03336300 is a private company limited by shares incorporated in England & Wales.
         
  Registered office:
  78 Birmingham Street
Oldbury
West Midlands
B69 4EB
         
1b. Basis of accounting
         
  These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. There were no material departures from that standard.
         
  The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.
         
         
1c. Revenue recognition
         
  Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
         
1d. Taxation
         
         
  Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
       
1e. Property, plant and equipment
       
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
       
  Equipment Reducing balance 33%  
         
1f. Inventories
         
  Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.
         
         
1g. Short term debtors and creditors
         
  Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.
         
  The notes on pages 5-8 form part of these financial statements
   
  page 5
  MAINTENANCE COMPONENTS LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 JUNE 2023
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1h. Cash and cash equivalents
         
  Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.
         
 
         
1i. Interest bearing borrowings
         
  All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. Any difference between the amount initially recognised and redemption value is recognised in profit and loss together with any interest and fees payable.
         
         
1j. Leased assets
         
  Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the Company are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful life. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.
         
 
         
         
1k. Employee benefits
         
  The obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the Company in an independent administered fund.
         
       
       
2. DIRECTORS AND EMPLOYEES
       
  The average weekly number of employees during the year were as follows:
    2023 2022
    No. No.
  Average number of employees 6 6
   
  The notes on pages 5-8 form part of these financial statements
   
  page 6
  MAINTENANCE COMPONENTS LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 JUNE 2023
       
3. PROPERTY, PLANT AND EQUIPMENT
    Fixtures &  
    Equipment Total
    £ £
  Cost
       
  At 1 July 2022 61,975 61,975
  Additions 867 867
       
  At 30 June 2023 62,842 62,842
   
  Depreciation
       
  At 1 July 2022 61,016 61,016
  For the year 1,194 1,194
  At 30 June 2023 62,210 62,210
   
  Net Book Amounts
       
  At 30 June 2023 632 632
  At 30 June 2022 959 959
   
       
       
4. DEBTORS 2023 2022
    £ £
  Trade debtors 132,281 127,611
  Other debtors 9,790 2,708
    £142,071 £130,319
   
       
       
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2023 2022
    £ £
  Bank loans and overdrafts 44,951 49,504
  Trade creditors 118,490 103,081
  Corporation tax 19,433 20,355
  Other taxes and social security 59,478 52,255
  Other creditors 96,227 72,227
  Accruals and deferred income 1,025 15,715
    £339,604 £313,137
   
       
  The notes on pages 5-8 form part of these financial statements
   
  page 7
  MAINTENANCE COMPONENTS LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 JUNE 2023
       
       
6. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
    2023 2022
    £ £
  Bank loans and overdrafts 22,555 32,242
    £22,555 £32,242
   
       
       
  Analysis of borrowings:
       
  Due within five years:
  within 1 year
  bank 10,648 10,648
  within 1-2 years
  bank 22,555 32,242
    £33,203 £42,890
   
  The notes on pages 5-8 form part of these financial statements
   
  page 8