Maze Feedback UK Ltd 07496030 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is Information technology consultancy activities. Digita Accounts Production Advanced 6.30.9574.0 true 07496030 2023-01-01 2023-12-31 07496030 2023-12-31 07496030 bus:OrdinaryShareClass1 2023-12-31 07496030 bus:OrdinaryShareClass2 2023-12-31 07496030 core:RetainedEarningsAccumulatedLosses 2023-12-31 07496030 core:ShareCapital 2023-12-31 07496030 core:SharePremium 2023-12-31 07496030 core:CurrentFinancialInstruments 2023-12-31 07496030 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 07496030 core:FurnitureFittingsToolsEquipment 2023-12-31 07496030 bus:SmallEntities 2023-01-01 2023-12-31 07496030 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 07496030 bus:FullAccounts 2023-01-01 2023-12-31 07496030 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07496030 bus:RegisteredOffice 2023-01-01 2023-12-31 07496030 bus:Director1 2023-01-01 2023-12-31 07496030 bus:Director2 2023-01-01 2023-12-31 07496030 bus:Director3 2023-01-01 2023-12-31 07496030 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 07496030 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 07496030 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07496030 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 07496030 core:OfficeEquipment 2023-01-01 2023-12-31 07496030 countries:EnglandWales 2023-01-01 2023-12-31 07496030 2022-12-31 07496030 core:FurnitureFittingsToolsEquipment 2022-12-31 07496030 2022-01-01 2022-12-31 07496030 2022-12-31 07496030 bus:OrdinaryShareClass1 2022-12-31 07496030 bus:OrdinaryShareClass2 2022-12-31 07496030 core:RetainedEarningsAccumulatedLosses 2022-12-31 07496030 core:ShareCapital 2022-12-31 07496030 core:SharePremium 2022-12-31 07496030 core:CurrentFinancialInstruments 2022-12-31 07496030 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 07496030 core:FurnitureFittingsToolsEquipment 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07496030

Maze Feedback UK Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Maze Feedback UK Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Maze Feedback UK Ltd

Company Information

Directors

Mr Jim S Nicholson

Mr Bjorn Harry Rist

Frode Berg

Registered office

C/O Smith Butler,
Sapper Jordan Rossi Park
Otley Road
Baildon
West Yorkshire
BD17 7AX

Accountants

Smith Butler
Accountants & Business Advisors
Sapper Jordan Rossi Park
Otley Road
Baildon
West Yorkshire
BD17 7AX

 

Maze Feedback UK Ltd

(Registration number: 07496030)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,752

835

Current assets

 

Debtors

5

127,975

91,453

Cash at bank and in hand

 

42,901

7,488

 

170,876

98,941

Creditors: Amounts falling due within one year

6

(576,977)

(275,348)

Net current liabilities

 

(406,101)

(176,407)

Net liabilities

 

(404,349)

(175,572)

Capital and reserves

 

Called up share capital

7

57,683

57,683

Share premium reserve

509,038

509,038

Retained earnings

(971,070)

(742,293)

Shareholders' deficit

 

(404,349)

(175,572)

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 February 2024 and signed on its behalf by:
 

.........................................
Mr Jim S Nicholson
Director

 

Maze Feedback UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C/O Smith Butler,
Sapper Jordan Rossi Park
Otley Road
Baildon
West Yorkshire
BD17 7AX
United Kingdom

The principal place of business is:
Unity Works
Westgate
Wakefield
West Yorkshire
WF1 1EP

These financial statements were authorised for issue by the Board on 2 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Maze Feedback UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Government grants

Government grants are recognised under the accrual model of FRS 102.

The UK government offered a rage of financial support packages to help companies, including government backed financing arrangements, furlough schemes, deferment of VAT payments and, for some sectors, business rates holidays. Of the offered schemes the company used the furlough scheme and deferred VAT. The income from the furlough scheme has been recognised in ‘other operating income.’ Government grants are recognised when the company has reasonable assurance they will comply with the conditions attaching the grant, and the grant will be received.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

15% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Maze Feedback UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Defined benefit pension obligation

Typically defined benefit plans define an amount of pension benefit that an employee will receive on retirement, usually dependent on one or more factors such as age, years of service and compensation.

The liability recognised in the balance sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the reporting date minus the fair value of plan assets. The defined benefit obligation is measured using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future payments by reference to market yields at the reporting date on high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability.

Actuarial gains and losses are charged or credited to other comprehensive income in the period in which they arise.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 2).

 

Maze Feedback UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

4,184

4,184

Additions

1,129

1,129

At 31 December 2023

5,313

5,313

Depreciation

At 1 January 2023

3,349

3,349

Charge for the year

212

212

At 31 December 2023

3,561

3,561

Carrying amount

At 31 December 2023

1,752

1,752

At 31 December 2022

835

835

5

Debtors

Current

2023
£

2022
£

Trade debtors

114,875

88,699

Prepayments

-

1,000

Other debtors

13,100

1,754

 

127,975

91,453

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

87,814

41,280

Taxation and social security

8,928

8,922

Accruals and deferred income

1,100

1,000

Other creditors

479,135

224,146

576,977

275,348

 

Maze Feedback UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

A Ordinary shares of £1 each

4,722

4,722

4,722

4,722

B Ordinary shares of £1 each

90

90

90

90

 

4,812

4,812

4,812

4,812