IRIS Accounts Production v24.2.0.383 07859523 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false 2584 1292 57474 1812 14539 520 45519 2584 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh078595232023-03-31078595232024-03-31078595232023-04-012024-03-31078595232022-03-31078595232022-04-012023-03-31078595232023-03-3107859523ns15:EnglandWales2023-04-012024-03-3107859523ns14:PoundSterling2023-04-012024-03-3107859523ns10:Director12023-04-012024-03-3107859523ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107859523ns10:SmallEntities2023-04-012024-03-3107859523ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107859523ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107859523ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107859523ns10:FullAccounts2023-04-012024-03-310785952312023-04-012024-03-3107859523ns10:Director3432023-03-3107859523ns10:Director3432022-03-3107859523ns10:Director3432023-04-012024-03-3107859523ns10:Director3432022-04-012023-03-3107859523ns10:Director3432024-03-3107859523ns10:Director3432023-03-3107859523ns10:Director22023-04-012024-03-3107859523ns10:Director32023-04-012024-03-3107859523ns10:RegisteredOffice2023-04-012024-03-3107859523ns5:CurrentFinancialInstruments2024-03-3107859523ns5:CurrentFinancialInstruments2023-03-3107859523ns5:Non-currentFinancialInstruments2024-03-3107859523ns5:Non-currentFinancialInstruments2023-03-3107859523ns5:ShareCapital2024-03-3107859523ns5:ShareCapital2023-03-3107859523ns5:RetainedEarningsAccumulatedLosses2024-03-3107859523ns5:RetainedEarningsAccumulatedLosses2023-03-3107859523ns5:NetGoodwill2023-04-012024-03-3107859523ns5:FurnitureFittings2023-04-012024-03-3107859523ns5:MotorVehicles2023-04-012024-03-3107859523ns5:ComputerEquipment2023-04-012024-03-3107859523ns5:NetGoodwill2023-03-3107859523ns5:NetGoodwill2024-03-3107859523ns5:NetGoodwill2023-03-3107859523ns5:FurnitureFittings2023-03-3107859523ns5:MotorVehicles2023-03-3107859523ns5:ComputerEquipment2023-03-3107859523ns5:FurnitureFittings2024-03-3107859523ns5:MotorVehicles2024-03-3107859523ns5:ComputerEquipment2024-03-3107859523ns5:FurnitureFittings2023-03-3107859523ns5:MotorVehicles2023-03-3107859523ns5:ComputerEquipment2023-03-3107859523ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3107859523ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3107859523ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-03-3107859523ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3107859523ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3107859523ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3107859523ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3107859523ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3107859523ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-03-3107859523ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-03-3107859523ns5:HirePurchaseContracts2024-03-3107859523ns5:HirePurchaseContracts2023-03-3107859523ns5:WithinOneYear2024-03-3107859523ns5:WithinOneYear2023-03-3107859523ns5:BetweenOneFiveYears2024-03-3107859523ns5:BetweenOneFiveYears2023-03-3107859523ns5:MoreThanFiveYears2024-03-3107859523ns5:MoreThanFiveYears2023-03-3107859523ns5:AllPeriods2024-03-3107859523ns5:AllPeriods2023-03-3107859523ns5:Secured2024-03-3107859523ns5:Secured2023-03-3107859523ns10:Director222023-03-3107859523ns10:Director222022-03-3107859523ns10:Director222023-04-012024-03-3107859523ns10:Director222022-04-012023-03-3107859523ns10:Director222024-03-3107859523ns10:Director222023-03-31
REGISTERED NUMBER: 07859523 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

The Mapleleaf Practice Ltd

The Mapleleaf Practice Ltd (Registered number: 07859523)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


The Mapleleaf Practice Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: E J Storey
Ms S J Nicholas





REGISTERED OFFICE: The Beeches
Station Road
Knaresborough
North Yorkshire
HG5 9AA





REGISTERED NUMBER: 07859523 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

The Mapleleaf Practice Ltd (Registered number: 07859523)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 142,926 160,980
Tangible assets 5 138,527 140,054
281,453 301,034

CURRENT ASSETS
Stocks 9,297 5,200
Debtors 6 107,534 61,089
Cash at bank and in hand 211,349 186,531
328,180 252,820
CREDITORS
Amounts falling due within one year 7 67,468 82,852
NET CURRENT ASSETS 260,712 169,968
TOTAL ASSETS LESS CURRENT
LIABILITIES

542,165

471,002

CREDITORS
Amounts falling due after more than one year 8 (897 ) (11,655 )

PROVISIONS FOR LIABILITIES (20,163 ) (19,506 )
NET ASSETS 521,105 439,841

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 521,005 439,741
SHAREHOLDERS' FUNDS 521,105 439,841

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

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

The directors acknowledge their 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 Mapleleaf Practice Ltd (Registered number: 07859523)

Statement of Financial Position - continued
31 March 2024


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 Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:





E J Storey - Director


The Mapleleaf Practice Ltd (Registered number: 07859523)

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

1. STATUTORY INFORMATION

The Mapleleaf Practice Ltd 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.

Turnover
Turnover represents net invoiced sales of services excluding value added tax. Revenue is recognised when the company obtains the right to receive consideration for services provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with charges recognised in profit or loss.

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.


The Mapleleaf Practice Ltd (Registered number: 07859523)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 361,078
AMORTISATION
At 1 April 2023 200,098
Charge for year 18,054
At 31 March 2024 218,152
NET BOOK VALUE
At 31 March 2024 142,926
At 31 March 2023 160,980

The Mapleleaf Practice Ltd (Registered number: 07859523)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 215,005 62,155 23,454 300,614
Additions 29,061 - - 29,061
At 31 March 2024 244,066 62,155 23,454 329,675
DEPRECIATION
At 1 April 2023 127,159 15,539 17,862 160,560
Charge for year 17,536 11,654 1,398 30,588
At 31 March 2024 144,695 27,193 19,260 191,148
NET BOOK VALUE
At 31 March 2024 99,371 34,962 4,194 138,527
At 31 March 2023 87,846 46,616 5,592 140,054

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 62,155
DEPRECIATION
At 1 April 2023 15,539
Charge for year 11,654
At 31 March 2024 27,193
NET BOOK VALUE
At 31 March 2024 34,962
At 31 March 2023 46,616

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 107,534 61,089

The Mapleleaf Practice Ltd (Registered number: 07859523)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 18,668
Hire purchase contracts (see note 9) 10,758 10,758
Taxation and social security 27,732 27,370
Other creditors 28,978 26,056
67,468 82,852

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts (see note 9) 897 11,655

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 10,758 10,758
Between one and five years 897 11,655
11,655 22,413

Non-cancellable operating leases
31.3.24 31.3.23
£    £   
Within one year 13,500 13,500
Between one and five years 54,000 54,000
In more than five years 108,625 122,125
176,125 189,625

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans - 18,668

Royal Bank of Scotland held a fixed and floating charge against all the assets owned by the company. This charge was satisfied on 09/10/2023.

The Mapleleaf Practice Ltd (Registered number: 07859523)

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
E J Storey and Ms S J Nicholas
Balance outstanding at start of year 2,584 1,292
Amounts advanced 57,474 1,812
Amounts repaid (14,539 ) (520 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 45,519 2,584

Directors loan account is repayable on demand.