1 false false false false false false false false false false true false false false false false false No description of principal activity 2022-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 7,775 978 8,753 7,390 340 7,730 1,023 385 xbrli:pure xbrli:shares iso4217:GBP 05482771 2022-12-01 2023-11-30 05482771 2023-11-30 05482771 2022-11-30 05482771 2021-12-01 2022-11-30 05482771 2022-11-30 05482771 2021-11-30 05482771 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 05482771 bus:OrdinaryShareClass2 2022-12-01 2023-11-30 05482771 bus:OrdinaryShareClass3 2022-12-01 2023-11-30 05482771 bus:Director1 2022-12-01 2023-11-30 05482771 core:WithinOneYear 2023-11-30 05482771 core:WithinOneYear 2022-11-30 05482771 core:ShareCapital 2023-11-30 05482771 core:ShareCapital 2022-11-30 05482771 core:RetainedEarningsAccumulatedLosses 2023-11-30 05482771 core:RetainedEarningsAccumulatedLosses 2022-11-30 05482771 bus:SmallEntities 2022-12-01 2023-11-30 05482771 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 05482771 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 05482771 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 05482771 bus:FullAccounts 2022-12-01 2023-11-30 05482771 bus:OrdinaryShareClass1 2023-11-30 05482771 bus:OrdinaryShareClass1 2022-11-30 05482771 bus:OrdinaryShareClass2 2023-11-30 05482771 bus:OrdinaryShareClass2 2022-11-30 05482771 bus:OrdinaryShareClass3 2023-11-30 05482771 bus:OrdinaryShareClass3 2022-11-30 05482771 bus:AllOrdinaryShares 2023-11-30 05482771 bus:AllOrdinaryShares 2022-11-30 05482771 core:OfficeEquipment 2022-12-01 2023-11-30 05482771 core:OfficeEquipment 2022-11-30 05482771 core:OfficeEquipment 2023-11-30
COMPANY REGISTRATION NUMBER: 05482771
Maon Limited
Filleted Unaudited Financial Statements
30 November 2023
Maon Limited
Financial Statements
Year ended 30 November 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Maon Limited
Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
5
1,023
385
Current assets
Debtors
6
730
3,849
Cash at bank and in hand
63,646
52,472
--------
--------
64,376
56,321
Creditors: amounts falling due within one year
7
18,924
16,992
--------
--------
Net current assets
45,452
39,329
--------
--------
Total assets less current liabilities
46,475
39,714
Provisions
Taxation including deferred tax
194
73
--------
--------
Net assets
46,281
39,641
--------
--------
Maon Limited
Statement of Financial Position (continued)
30 November 2023
2023
2022
Note
£
£
£
£
Capital and reserves
Called up share capital
8
300
300
Profit and loss account
45,981
39,341
--------
--------
Shareholders funds
46,281
39,641
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 17 July 2024 , and are signed on behalf of the board by:
M Axler Director
Company registration number: 05482771
Maon Limited
Notes to the Financial Statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Church Green East, Redditch, Worcestershire, B98 8BT. The place of business is 29 Runcorn Close, Redditch, Worcestershire, B98 7PU.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents sales of services net of VAT and is recognised when the services are provided to the customer. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.
Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into, either as financial assets, financial liabilities or equity interests. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 December 2022
7,775
7,775
Additions
978
978
-------
-------
At 30 November 2023
8,753
8,753
-------
-------
Depreciation
At 1 December 2022
7,390
7,390
Charge for the year
340
340
-------
-------
At 30 November 2023
7,730
7,730
-------
-------
Carrying amount
At 30 November 2023
1,023
1,023
-------
-------
At 30 November 2022
385
385
-------
-------
6. Debtors
2023
2022
£
£
Trade debtors
682
3,801
Other debtors
48
48
----
-------
730
3,849
----
-------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
98
252
Social security and other taxes
1,751
442
Other creditors
17,075
16,298
--------
--------
18,924
16,992
--------
--------
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary A shares of £ 1 each
100
100
100
100
Ordinary B shares of £ 1 each
198
198
198
198
Ordinary C shares of £ 1 each
2
2
2
2
----
----
----
----
300
300
300
300
----
----
----
----