Registered number: 10912327 | ||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||
Prepared By: | ||||||||
Gibsons Accountants Ltd | ||||||||
Chartered Accountants | ||||||||
226 Oldham Road | ||||||||
Rochdale | ||||||||
Lancashire | ||||||||
OL11 2ER |
Maya Law Ltd | ||||||||
UNAUDITED FINANCIAL STATEMENTS | ||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
Lancashire | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 10912327 | ||||||||
ACCOUNTANTS | ||||||||
Gibsons Accountants Ltd | ||||||||
Chartered Accountants | ||||||||
226 Oldham Road | ||||||||
Rochdale | ||||||||
Lancashire | ||||||||
OL11 2ER |
Maya Law Ltd | ||||||||
UNAUDITED FINANCIAL STATEMENTS | ||||||||
FOR THEYEARENDED31/03/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Maya Law Ltd | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
181,103 | 46,941 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS / (LIABILITIES) | (79,010) | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 355,001 | 371,573 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 291,684 | 144,616 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Maya Law Ltd | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Land And Buildings | straight line 1% | |||||||
Fixtures and Fittings | reducing balance 15% | |||||||
Equipment | reducing balance 25% |
1c. Taxation | ||||||||
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1e. Government Grants | ||||||||
Government grants are recognised at fair value when there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Grants related to purchase of assets are treated as deferred income and allocated to income statement over the useful lives of the related assets while grants related to expenses are treated as other income in the income statement. |
Maya Law Ltd | ||||||||
1f. Revenue Recognition | ||||||||
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliability measured. | ||||||||
Turnover represents the invoiced value of services supplied by the company, net of value added tax. |
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 13 | |||||
3. TANGIBLE FIXED ASSETS | ||||||||
Land And | Fixtures | |||||||
Buildings | and Fittings | Equipment | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 01/04/2022 | 599,000 | 1,700 | 17,936 | 618,636 | ||||
Additions | - | - | 5,591 | 5,591 | ||||
At 31/03/2023 | 599,000 | 1,700 | 23,527 | 624,227 | ||||
Depreciation | ||||||||
At 01/04/2022 | 11,980 | 656 | 8,759 | 21,395 | ||||
For the year | 5,990 | 157 | 3,692 | 9,839 | ||||
At 31/03/2023 | 17,970 | 813 | 12,451 | 31,234 | ||||
Net Book Amounts | ||||||||
At 31/03/2023 | 592,993 | |||||||
At 31/03/2022 | 597,241 | |||||||
4. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 28,156 | 45,375 | ||||||
Amounts due from Turnpike Inn | 29,565 | - | ||||||
Prepayments | 6,815 | - | ||||||
Directors current account | 105,113 | - | ||||||
169,649 | 45,375 | |||||||
Maya Law Ltd | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 47,472 | 17,393 | ||||||
VAT | 18,166 | 11,952 | ||||||
PAYE control | 8,986 | 8,279 | ||||||
Directors current account | - | 46,019 | ||||||
Bank loan | 29,448 | 29,448 | ||||||
Trade creditors | 15,931 | 9,860 | ||||||
Accruals | 4,750 | 3,000 | ||||||
124,753 | 125,951 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans (secured) >1 year | 355,001 | 371,573 | ||||||
355,001 | 371,573 | |||||||
7. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 2,558 | 1,942 | ||||||
2,558 | 1,942 | |||||||
8. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
9. CONTROLLING PARTY | ||||||||
The company is controlled by the director by virtue of 100% shareholding. | ||||||||