Company Registration No. 10151930 (England and Wales)
Mayo & Son Ltd
Unaudited accounts
for the year ended 30 April 2023
Mayo & Son Ltd
Unaudited accounts
Contents
Mayo & Son Ltd
Company Information
for the year ended 30 April 2023
Directors
Laura Mayo
Ian Mayo
Company Number
10151930 (England and Wales)
Registered Office
82A HIGH STREET
COSHAM
PORTSMOUTH
PO6 3AJ
ENGLAND
Accountants
VW Taxation Ltd
82a High Street
Cosham
Hampshire
PO6 3AJ
Mayo & Son Ltd
Statement of financial position
as at 30 April 2023
Tangible assets
10,743
13,673
Cash at bank and in hand
5,364
4,177
Creditors: amounts falling due within one year
(11,278)
(14,595)
Net current liabilities
(5,914)
(7,841)
Total assets less current liabilities
4,829
5,832
Creditors: amounts falling due after more than one year
(90,471)
(48,555)
Net liabilities
(85,642)
(42,723)
Called up share capital
100
100
Profit and loss account
(85,742)
(42,823)
Shareholders' funds
(85,642)
(42,723)
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by
Ian Mayo
Director
Company Registration No. 10151930
Mayo & Son Ltd
Notes to the Accounts
for the year ended 30 April 2023
Mayo & Son Ltd is a private company, limited by shares, registered in England and Wales, registration number 10151930. The registered office is 82A HIGH STREET, COSHAM, PORTSMOUTH, PO6 3AJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Straight Line
4
Tangible fixed assets
Motor vehicles
Amounts falling due within one year
Mayo & Son Ltd
Notes to the Accounts
for the year ended 30 April 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
3,810
3,840
Trade creditors
7,156
10,723
Taxes and social security
25
32
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
83,490
38,471
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).