Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 12304165 Mrs R Knight iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12304165 2022-11-30 12304165 2023-11-30 12304165 2022-12-01 2023-11-30 12304165 frs-core:CurrentFinancialInstruments 2023-11-30 12304165 frs-core:Non-currentFinancialInstruments 2023-11-30 12304165 frs-core:BetweenOneFiveYears 2023-11-30 12304165 frs-core:ComputerEquipment 2022-12-01 2023-11-30 12304165 frs-core:MotorVehicles 2022-12-01 2023-11-30 12304165 frs-core:PlantMachinery 2023-11-30 12304165 frs-core:PlantMachinery 2022-12-01 2023-11-30 12304165 frs-core:PlantMachinery 2022-11-30 12304165 frs-core:WithinOneYear 2023-11-30 12304165 frs-core:ShareCapital 2023-11-30 12304165 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 12304165 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12304165 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 12304165 frs-bus:SmallEntities 2022-12-01 2023-11-30 12304165 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 12304165 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 12304165 frs-bus:Director1 2022-12-01 2023-11-30 12304165 frs-countries:EnglandWales 2022-12-01 2023-11-30 12304165 2021-11-30 12304165 2022-11-30 12304165 2021-12-01 2022-11-30 12304165 frs-core:CurrentFinancialInstruments 2022-11-30 12304165 frs-core:Non-currentFinancialInstruments 2022-11-30 12304165 frs-core:BetweenOneFiveYears 2022-11-30 12304165 frs-core:WithinOneYear 2022-11-30 12304165 frs-core:ShareCapital 2022-11-30 12304165 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 12304165
Maplin Fluid Solutions Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12304165
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 33,709 36,874
33,709 36,874
CURRENT ASSETS
Stocks 5 80,837 65,475
Debtors 6 236,850 96,086
Cash at bank and in hand 24,925 41,664
342,612 203,225
Creditors: Amounts Falling Due Within One Year 7 (201,518 ) (117,645 )
NET CURRENT ASSETS (LIABILITIES) 141,094 85,580
TOTAL ASSETS LESS CURRENT LIABILITIES 174,803 122,454
Creditors: Amounts Falling Due After More Than One Year 8 (25,141 ) (24,803 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,427 ) (7,232 )
NET ASSETS 141,235 90,419
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 141,234 90,418
SHAREHOLDERS' FUNDS 141,235 90,419
Page 1
Page 2
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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs R Knight
Director
30/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Maplin Fluid Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12304165 . The registered office is C/O Amber Partnership Ltd, Cornwallis House, Howard Chase, Basildon, Essex, SS14 3BB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% reducing balance
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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.
...CONTINUED
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2.6. Taxation - continued
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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 7)
5 7
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 December 2022 51,019
Additions 14,549
Disposals (13,495 )
As at 30 November 2023 52,073
Depreciation
As at 1 December 2022 14,145
Provided during the period 7,638
Disposals (3,419 )
As at 30 November 2023 18,364
Net Book Value
As at 30 November 2023 33,709
As at 1 December 2022 36,874
5. Stocks
2023 2022
£ £
Work in progress 80,837 65,475
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 203,283 91,530
Other debtors 33,567 4,556
236,850 96,086
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 9,748 10,324
Trade creditors 138,283 66,147
Bank loans and overdrafts 2,002 -
Other creditors 24,708 9,224
Taxation and social security 26,777 31,950
201,518 117,645
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 21,810 17,762
Bank loans 3,331 7,041
25,141 24,803
The aggregate total of secured creditors at the year end was £31,558 (2022: £17,762).
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 9,748 10,324
Later than one year and not later than five years 21,810 17,762
31,558 28,086
31,558 28,086
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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