Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-312022-09-01false33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05440982 2022-09-01 2023-08-31 05440982 2021-09-01 2022-08-31 05440982 2023-08-31 05440982 2022-08-31 05440982 c:Director1 2022-09-01 2023-08-31 05440982 d:FurnitureFittings 2022-09-01 2023-08-31 05440982 d:FurnitureFittings 2023-08-31 05440982 d:FurnitureFittings 2022-08-31 05440982 d:Goodwill 2023-08-31 05440982 d:Goodwill 2022-08-31 05440982 d:CurrentFinancialInstruments 2023-08-31 05440982 d:CurrentFinancialInstruments 2022-08-31 05440982 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 05440982 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 05440982 d:ShareCapital 2023-08-31 05440982 d:ShareCapital 2022-08-31 05440982 d:RetainedEarningsAccumulatedLosses 2023-08-31 05440982 d:RetainedEarningsAccumulatedLosses 2022-08-31 05440982 c:FRS102 2022-09-01 2023-08-31 05440982 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 05440982 c:FullAccounts 2022-09-01 2023-08-31 05440982 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 05440982 e:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number: 05440982










MAIMOON TRADERS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
MAIMOON TRADERS LIMITED
REGISTERED NUMBER: 05440982

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
52,500
50,000

Debtors: amounts falling due within one year
 6 
1,995
1,995

Cash at bank and in hand
 7 
91,566
90,944

  
146,061
142,939

Creditors: amounts falling due within one year
 8 
(17,539)
(13,769)

Net current assets
  
 
 
128,522
 
 
129,170

Total assets less current liabilities
  
128,522
129,170

  

Net assets
  
128,522
129,170


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
128,322
128,970

  
128,522
129,170


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 financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account 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 by: 


J Y Maimoon
Director
Date: 23 August 2024

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
MAIMOON TRADERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

The company (05440982) is a private company limited by shares, and is incorporated in England and Wales. The address of its registered office is 119 Deptford High Street, London, SE8 4NS.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis based on the continued support of the company's creditors which, in the opinion of the directors, the company has for the foreseeable future.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of goods supplied during the year, exclusive of Value Added tax and trade discounts.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Taxation

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.

 
2.6

Intangible assets

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Profit and loss account over its estimated economic life of three years.

Page 2

 
MAIMOON TRADERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.7

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
straight line over five years.

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.

 
2.8

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Costs include all direct costs and an appropriate proportion of fixed and variable overheads.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

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.

 
2.11

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.

 
2.12

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.

Page 3

 
MAIMOON TRADERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Intangible assets




Goodwill

£



Cost


At 1 September 2022
40,775



At 31 August 2023

40,775



Amortisation


At 1 September 2022
40,775



At 31 August 2023

40,775



Net book value



At 31 August 2023
-



At 31 August 2022
-



Page 4

 
MAIMOON TRADERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.


Tangible fixed assets





Fixtures and fittings

£



Cost 


At 1 September 2022
11,870



At 31 August 2023

11,870



Depreciation


At 1 September 2022
11,870



At 31 August 2023

11,870



Net book value



At 31 August 2023
-



At 31 August 2022
-


6.


Debtors

2023
2022
£
£


Prepayments and accrued income
1,995
1,995



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
91,566
90,944


Page 5

 
MAIMOON TRADERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2,788
4,893

Corporation tax
1,256
81

Other taxation and social security
2,373
3,673

Other creditors
10,222
4,222

Accruals and deferred income
900
900

17,539
13,769



9.


Related party transactions

A balance of £10,222 (2022 - £4,222) was owed to the directors/shareholders at year end.


10.


Controlling party

The company has no overall controlling party.

 
Page 6