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REGISTERED NUMBER: 09743670















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Mayes & Co (L&P) Ltd

Mayes & Co (L&P) Ltd (Registered number: 09743670)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mayes & Co (L&P) Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTOR: T J Mayes





REGISTERED OFFICE: 45 Henley Road
Norwich
NR2 3NL





REGISTERED NUMBER: 09743670





ACCOUNTANTS: Aviait Services Ltd
45 Henley Road
Norwich
Norfolk
NR2 3NL

Mayes & Co (L&P) Ltd (Registered number: 09743670)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,266 247

CURRENT ASSETS
Debtors 5 652 683
Cash at bank 382,260 183,730
382,912 184,413
CREDITORS
Amounts falling due within one year 6 166,341 99,141
NET CURRENT ASSETS 216,571 85,272
TOTAL ASSETS LESS CURRENT
LIABILITIES

217,837

85,519

CREDITORS
Amounts falling due after more than one
year

7

(13,500

)

(19,500

)

PROVISIONS FOR LIABILITIES (241 ) (47 )
NET ASSETS 204,096 65,972

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 203,996 65,872
SHAREHOLDERS' FUNDS 204,096 65,972

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Mayes & Co (L&P) Ltd (Registered number: 09743670)

Balance Sheet - continued
31 August 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 March 2024 and were signed by:





T J Mayes - Director


Mayes & Co (L&P) Ltd (Registered number: 09743670)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Mayes & Co (L&P) Ltd is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Mayes & Co (L&P) Ltd (Registered number: 09743670)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 1,232
Additions 1,442
At 31 August 2023 2,674
DEPRECIATION
At 1 September 2022 985
Charge for year 423
At 31 August 2023 1,408
NET BOOK VALUE
At 31 August 2023 1,266
At 31 August 2022 247

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Other debtors 652 683

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors - 27,500
Taxation and social security 66,192 34,259
Other creditors 94,149 31,382
166,341 99,141

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 13,500 19,500