IRIS Accounts Production v23.4.0.336 07372331 Board of Directors Board of Directors 1.10.22 30.9.23 30.9.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh073723312022-09-30073723312023-09-30073723312022-10-012023-09-30073723312021-09-30073723312021-10-012022-09-30073723312022-09-3007372331ns15:EnglandWales2022-10-012023-09-3007372331ns14:PoundSterling2022-10-012023-09-3007372331ns10:Director12022-10-012023-09-3007372331ns10:Director22022-10-012023-09-3007372331ns10:PrivateLimitedCompanyLtd2022-10-012023-09-3007372331ns10:SmallEntities2022-10-012023-09-3007372331ns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3007372331ns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3007372331ns10:SmallCompaniesRegimeForAccounts2022-10-012023-09-3007372331ns10:FullAccounts2022-10-012023-09-300737233112022-10-012023-09-3007372331ns10:RegisteredOffice2022-10-012023-09-3007372331ns5:CurrentFinancialInstruments2023-09-3007372331ns5:CurrentFinancialInstruments2022-09-3007372331ns5:ShareCapital2023-09-3007372331ns5:ShareCapital2022-09-3007372331ns5:RetainedEarningsAccumulatedLosses2023-09-3007372331ns5:RetainedEarningsAccumulatedLosses2022-09-3007372331ns5:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-3007372331ns5:PlantMachinery2022-10-012023-09-3007372331ns5:FurnitureFittings2022-10-012023-09-3007372331ns5:ComputerEquipment2022-10-012023-09-3007372331ns5:NetGoodwill2022-09-3007372331ns5:NetGoodwill2023-09-3007372331ns5:NetGoodwill2022-09-3007372331ns5:LandBuildings2022-09-3007372331ns5:PlantMachinery2022-09-3007372331ns5:FurnitureFittings2022-09-3007372331ns5:ComputerEquipment2022-09-3007372331ns5:LandBuildings2022-10-012023-09-3007372331ns5:LandBuildings2023-09-3007372331ns5:PlantMachinery2023-09-3007372331ns5:FurnitureFittings2023-09-3007372331ns5:ComputerEquipment2023-09-3007372331ns5:LandBuildings2022-09-3007372331ns5:PlantMachinery2022-09-3007372331ns5:FurnitureFittings2022-09-3007372331ns5:ComputerEquipment2022-09-3007372331ns5:CostValuation2022-09-3007372331ns5:OtherRelatedParties2022-09-3007372331ns5:AdditionsToInvestments2023-09-3007372331ns5:OtherRelatedParties2022-10-012023-09-3007372331ns5:OtherIncreaseDecreaseInInvestments2023-09-3007372331ns5:CostValuation2023-09-3007372331ns5:OtherRelatedParties2023-09-3007372331ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3007372331ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3007372331ns5:Non-currentFinancialInstruments2023-09-3007372331ns5:Non-currentFinancialInstruments2022-09-30073723311ns10:Director12022-09-30073723311ns10:Director12021-09-30073723311ns10:Director12022-10-012023-09-30073723311ns10:Director12021-10-012022-09-30073723311ns10:Director12023-09-30073723311ns10:Director12022-09-30
REGISTERED NUMBER: 07372331 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Mayet and Harrison Ltd

Mayet and Harrison Ltd (Registered number: 07372331)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mayet and Harrison Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Prof J Mayet
Dr S J Harrison





REGISTERED OFFICE: 7 Lindum Terrace
Lincoln
Lincolnshire
LN2 5RP





REGISTERED NUMBER: 07372331 (England and Wales)





ACCOUNTANTS: Stanbridge Associates Limited
7 Lindum Terrace
Lincoln
Lincolnshire
LN2 5RP

Mayet and Harrison Ltd (Registered number: 07372331)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 377,867 379,005
Investments 6 60,842 663,195
438,709 1,042,200

CURRENT ASSETS
Debtors 7 827,092 119,987
Cash at bank 164,203 28,055
991,295 148,042
CREDITORS
Amounts falling due within one year 8 69,554 58,692
NET CURRENT ASSETS 921,741 89,350
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,360,450

1,131,550

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,360,350 1,131,450
SHAREHOLDERS' FUNDS 1,360,450 1,131,550

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Mayet and Harrison Ltd (Registered number: 07372331)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 15 April 2024 and were signed on its behalf by:




Prof J Mayet - Director



Dr S J Harrison - Director


Mayet and Harrison Ltd (Registered number: 07372331)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Mayet and Harrison 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 represents trading income accrued during the period shown by these financial statements.

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 - 20% on reducing balance
Fixtures and fittings - 25% Reducing Balance
Computer equipment - 33% Straight Line

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.

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 3 (2022 - 3 ) .

Mayet and Harrison Ltd (Registered number: 07372331)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 135,000
AMORTISATION
At 1 October 2022
and 30 September 2023 135,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 373,732 710 22,417 7,680 404,539
Additions - - - 1,157 1,157
At 30 September 2023 373,732 710 22,417 8,837 405,696
DEPRECIATION
At 1 October 2022 - 346 18,644 6,544 25,534
Charge for year - 73 943 1,279 2,295
At 30 September 2023 - 419 19,587 7,823 27,829
NET BOOK VALUE
At 30 September 2023 373,732 291 2,830 1,014 377,867
At 30 September 2022 373,732 364 3,773 1,136 379,005

Mayet and Harrison Ltd (Registered number: 07372331)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

6. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Loans to undertakings in which the
company has a participating interest

50,000

652,353
Other investments not loans 10,842 10,842
60,842 663,195

Additional information is as follows:
Other
investments
£   
COST
At 1 October 2022
and 30 September 2023 10,342
NET BOOK VALUE
At 30 September 2023 10,342
At 30 September 2022 10,342

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
NS&I Investment bond 500 500
Loans to
other
Loans to participating
associates interests Totals
£    £    £   
At 1 October 2022 15,000 637,353 652,353
New in year 35,000 (245 ) 34,755
Other movement - (637,108 ) (637,108 )
At 30 September 2023 50,000 - 50,000

Mayet and Harrison Ltd (Registered number: 07372331)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 49,640 51,354
Other debtors - 13,500
49,640 64,854

Amounts falling due after more than one year:
Amounts owed by joint ventures 127,602 55,133
Amounts owed by associates 649,850 -
777,452 55,133

Aggregate amounts 827,092 119,987

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Taxation and social security 63,227 50,276
Other creditors 6,327 8,416
69,554 58,692

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
Prof J Mayet
Balance outstanding at start of year - 57,086
Amounts repaid - (57,086 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -