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REGISTERED NUMBER: 07127696 (England and Wales)
















Maria Fay Limited

Unaudited Financial Statements

for the Year Ended 31st March 2024






Maria Fay Limited (Registered number: 07127696)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Maria Fay Limited

Company Information
for the Year Ended 31st March 2024







Director: Ms. M M Fay





Registered office: 4th Floor
100 Fenchurch Street
London
EC3M 5JD





Registered number: 07127696 (England and Wales)





Accountants: Wilson Stevens
Accountants
4th Floor
100 Fenchurch Street
London
EC3M 5JD

Maria Fay Limited (Registered number: 07127696)

Statement of Financial Position
31st March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 640 853

Current assets
Debtors 5 21,725 9,181
Cash at bank 234,773 266,851
256,498 276,032
Creditors
Amounts falling due within one year 6 16,670 20,083
Net current assets 239,828 255,949
Total assets less current liabilities 240,468 256,802

Capital and reserves
Called up share capital 1 1
Retained earnings 240,467 256,801
240,468 256,802

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7th August 2024 and were signed by:





Ms. M M Fay - Director


Maria Fay Limited (Registered number: 07127696)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. Statutory information

Maria Fay Limited 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.

Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition
Turnover represents the total value of sales made during the year, excluding Value Added Tax.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Maria Fay Limited (Registered number: 07127696)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1st April 2023
and 31st March 2024 6,026
Depreciation
At 1st April 2023 5,173
Charge for year 213
At 31st March 2024 5,386
Net book value
At 31st March 2024 640
At 31st March 2023 853

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 19,978 8,088
Other debtors 1,747 1,093
21,725 9,181

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 359 312
Taxation and social security 13,499 16,769
Other creditors 2,812 3,002
16,670 20,083