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REGISTERED NUMBER: 04599292 (England and Wales)















Financial Statements for the Year Ended 31st December 2023

for

Maple Commercial Group Ltd

Maple Commercial Group Ltd (Registered number: 04599292)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Maple Commercial Group Ltd

Company Information
for the Year Ended 31st December 2023







DIRECTORS: Mr D M Howard
Miss R Howard





REGISTERED OFFICE: Ground Floor
Southway House
29 Southway
Colchester
Essex
CO2 7BA





REGISTERED NUMBER: 04599292 (England and Wales)

Maple Commercial Group Ltd (Registered number: 04599292)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 85,316 112,411
Investments 6 1,653 1,653
86,969 114,064

CURRENT ASSETS
Stocks and work in progress 654,760 613,872
Debtors 7 151,294 157,519
Cash at bank 26,935 42,241
832,989 813,632
CREDITORS
Amounts falling due within one year 8 849,386 843,711
NET CURRENT LIABILITIES (16,397 ) (30,079 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,572

83,985

CREDITORS
Amounts falling due after more than one
year

9

(48,494

)

(62,115

)

PROVISIONS FOR LIABILITIES (21,329 ) (21,358 )
NET ASSETS 749 512

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 649 412
SHAREHOLDERS' FUNDS 749 512

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

Maple Commercial Group Ltd (Registered number: 04599292)

Balance Sheet - continued
31st December 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 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 8th April 2024 and were signed on its behalf by:





Mr D M Howard - Director


Maple Commercial Group Ltd (Registered number: 04599292)

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

1. STATUTORY INFORMATION

Maple Commercial Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

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 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks and work in progress and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks and work in progress to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Maple Commercial Group Ltd (Registered number: 04599292)

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

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 31st December 2023 17,500
AMORTISATION
At 1st January 2023
and 31st December 2023 17,500
NET BOOK VALUE
At 31st December 2023 -
At 31st December 2022 -

Maple Commercial Group Ltd (Registered number: 04599292)

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

5. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st January 2023 199,724 117,603 7,966 325,293
Additions 807 - 417 1,224
Disposals - (5,114 ) - (5,114 )
At 31st December 2023 200,531 112,489 8,383 321,403
DEPRECIATION
At 1st January 2023 142,314 68,845 1,723 212,882
Charge for year 14,410 12,154 1,613 28,177
Eliminated on disposal - (4,972 ) - (4,972 )
At 31st December 2023 156,724 76,027 3,336 236,087
NET BOOK VALUE
At 31st December 2023 43,807 36,462 5,047 85,316
At 31st December 2022 57,410 48,758 6,243 112,411

6. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Shares in group undertakings 2 2
Other investments not loans 1,651 1,651
1,653 1,653

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1st January 2023
and 31st December 2023 2
NET BOOK VALUE
At 31st December 2023 2
At 31st December 2022 2

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Investments 1,651 1,651

Maple Commercial Group Ltd (Registered number: 04599292)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 50,650 44,324
Other debtors 100,644 113,195
151,294 157,519

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 3,620 6,996
Trade creditors 317,139 517,469
Amounts owed to group undertakings 284,229 132,368
Taxation and social security 68,351 77,539
Other creditors 166,047 99,339
849,386 843,711

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 44,167 54,167
Hire purchase contracts 4,327 7,948
48,494 62,115

10. RELATED PARTY DISCLOSURES

Mr & Mrs Howard are the sole shareholders of Maple Developments (East Anglia) Ltd. During the year rent of £27,000 (2022: £27,000) was charged to the company. At the balance sheet date the company owed Maple Developments (East Anglia) Ltd £110,491 (2022: £121,538).

Mr & Mrs Howard are the sole shareholders of MBLOC Ltd. The amount due from the company to MBLOC Ltd at the year end was £173,738 (2022: £10,830).

The director, Mr D Howard, was owed £81 (2022: £67).


11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D M Howard.