Caseware UK (AP4) 2022.0.179 2022.0.179 truefalse2022-10-01falsegeneral builders and joiners22falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 4542264 2022-10-01 2023-09-30 4542264 2021-10-01 2022-09-30 4542264 2023-09-30 4542264 2022-09-30 4542264 2021-10-01 4542264 c:Director1 2022-10-01 2023-09-30 4542264 d:MotorVehicles 2022-10-01 2023-09-30 4542264 d:MotorVehicles 2023-09-30 4542264 d:MotorVehicles 2022-09-30 4542264 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 4542264 d:OfficeEquipment 2022-10-01 2023-09-30 4542264 d:OfficeEquipment 2023-09-30 4542264 d:OfficeEquipment 2022-09-30 4542264 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 4542264 d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 4542264 d:CurrentFinancialInstruments 2023-09-30 4542264 d:CurrentFinancialInstruments 2022-09-30 4542264 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 4542264 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 4542264 d:ShareCapital 2023-09-30 4542264 d:ShareCapital 2022-09-30 4542264 d:RetainedEarningsAccumulatedLosses 2023-09-30 4542264 d:RetainedEarningsAccumulatedLosses 2022-09-30 4542264 c:FRS102 2022-10-01 2023-09-30 4542264 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 4542264 c:FullAccounts 2022-10-01 2023-09-30 4542264 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 4542264 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 4542264 d:AcceleratedTaxDepreciationDeferredTax 2022-09-30 4542264 e:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure
Registered number: 4542264





 
Maple Builders Ltd          
 
Financial statements          

For the year ended 30 September 2023          

 
Maple Builders Ltd
Registered number:4542264

Balance sheet
As at 30 September 2023


2023

2022
                                                                                    Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
6,241
8,867

Current assets
  

Stocks
 5 
85
85

Cash at bank and in hand
 6 
28,566
26,552

  
28,651
26,637

Creditors: amounts falling due within one year
 7 
(18,244)
(18,415)

Net current assets
  
 
 
10,407
 
 
8,222

Total assets less current liabilities
  
16,648
17,089

Provisions for liabilities
  

Deferred tax
 8 
(1,316)
(1,685)

  
 
 
(1,316)
 
 
(1,685)

Net assets
  
15,332
15,404


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
15,232
15,304

  
15,332
15,404


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board; and were signed on its behalf on 4 April 2024.

I Howell
Director

The notes on pages 2 to 7 form part of these financial statements.
Page 1

 
Maple Builders Ltd
 
 
Notes to the financial statements
For the year ended 30 September 2023

1.


General information

Maple Builders Ltd is a private company limited by shares, incorporated in England and Wales. Its registered office is Construction House, Runwell Road, Wickford, Essex, SS11 7HQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Page 2

 
Maple Builders Ltd
 
 
Notes to the financial statements
For the year ended 30 September 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided at the following rates:

Motor vehicles
-
25%
Plant and equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stock

Stock is stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.
At each balance sheet date, stock is assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
 

Page 3

 
Maple Builders Ltd
 
 
Notes to the financial statements
For the year ended 30 September 2023

2.Accounting policies (continued)


2.6
Financial instruments (continued)

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Page 4

 
Maple Builders Ltd
 
 
Notes to the financial statements
For the year ended 30 September 2023

2.Accounting policies (continued)

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. 

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Director
2
2

Page 5

 
Maple Builders Ltd
 
 
Notes to the financial statements
For the year ended 30 September 2023

4.


Tangible fixed assets





Motor vehicles
Plant and equipment
Total

£
£
£



Cost


At 1 October 2022
27,396
18,440
45,836


Additions
-
367
367



At 30 September 2023

27,396
18,807
46,203



Depreciation


At 1 October 2022
20,894
16,075
36,969


Charge for the year
2,309
684
2,993



At 30 September 2023

23,203
16,759
39,962



Net book value



At 30 September 2023
4,193
2,048
6,241



At 30 September 2022
6,502
2,365
8,867


5.


Stock

2023
2022
£
£

Raw materials and consumables
85
85





6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
28,566
26,552


Page 6

 
Maple Builders Ltd
 
 
Notes to the financial statements
For the year ended 30 September 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
111
61

Corporation tax
11,152
10,537

Other taxation and social security
3,789
3,582

Other creditors
1,042
2,185

Accruals and deferred income
2,150
2,050

18,244
18,415



8.


Deferred taxation




2023
2022


£

£






At beginning of year
(1,685)
(2,247)


Released during the year
369
562



At end of year
(1,316)
(1,685)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(1,316)
(1,685)

 
Page 7