2023-01-01 05127830 2023-12-31 05127830 2023-01-01 2023-12-31 05127830 2022-12-31 05127830 2022-01-01 2022-12-31 05127830 uk-core:WithinOneYear 2022-12-31 05127830 uk-core:WithinOneYear 2023-12-31 05127830 uk-core:AfterOneYear 2022-12-31 05127830 uk-core:AfterOneYear 2023-12-31 05127830 uk-core:ShareCapital 2023-12-31 05127830 uk-core:ShareCapital 2022-12-31 05127830 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 05127830 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 05127830 uk-bus:Director1 2023-01-01 2023-12-31 05127830 uk-bus:Director2 2023-01-01 2023-12-31 05127830 uk-core:MotorCars 2022-12-31 05127830 uk-core:PlantMachinery 2022-12-31 05127830 uk-core:Buildings 2022-12-31 05127830 uk-core:MotorCars 2023-01-01 2023-12-31 05127830 uk-core:PlantMachinery 2023-01-01 2023-12-31 05127830 uk-core:Buildings 2023-01-01 2023-12-31 05127830 uk-core:Buildings 2023-12-31 05127830 uk-core:PlantMachinery 2023-12-31 05127830 uk-core:MotorCars 2023-12-31 05127830 uk-core:WithinOneYear uk-core:Secured 2023-12-31 05127830 uk-core:WithinOneYear uk-core:Secured 2022-12-31 05127830 uk-core:WithinOneYear 2023-12-31 05127830 uk-core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure 05127830 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 05127830 uk-bus:FRS102 2023-01-01 2023-12-31 05127830 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 05127830 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Maitlands (GB) Limited
Registered Number:05127830
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
Maitlands (GB) Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
05127830
As at 31 December 2023
Maitlands (GB) Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
877,749
826,764
2
877,749
826,764
Current assets
Inventories
123,726
141,185
3
Trade and other receivables
695,531
663,962
4
851,323
Cash and cash equivalents
689,342
1,494,489
1,670,580
Trade and other payables: amounts falling due within one year
(653,622)
(517,694)
5
1,016,958
976,795
Net current assets
Total assets less current liabilities
1,854,544
1,843,722
Trade and other payables: amounts falling due after more than
one year
(381,661)
(366,044)
6
(6,014)
(2,364)
Provisions for liabilities
1,482,486
Net assets
1,459,697
Capital and reserves
Called up share capital
55,003
55,003
Retained earnings
1,427,483
1,404,694
1,482,486
1,459,697
Shareholders' funds
For the year ended 31 December 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Anthony Ian Maitland Director
Mrs Dorothy Maitland Director
These financial statements were approved and authorised for issue by the Board on 12 September 2024 and were signed by:
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4
Registered Number :
05127830
For the year ended 31 December 2023
Maitlands (GB) Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 December 2023
Maitlands (GB) Limited
Notes to the Financial Statements
Statutory Information
Maitlands (GB) Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
05127830.
Registered address:
11-14 Kempton Road
Keytec 7 Business Park
Pershore
Worcs
WR10 2TA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, and value added tax. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership are transferred to the buyer. Turnover from the rendering of service is recognised by reference to the stage of completion of the contract. The stage of completion of contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Leasehold land and buildings over the lease termPlant & machinery over 5 yearsFixtures, fittings, tools and equipment over 3 yearsMotor vehicles over 3 years
Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related reveue is recognised.
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. 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.
Short term debtors
Short term debtors are measured at transaction price (usually the invoice price) less any impairment losses for bad and
doubful debts. Loans and other financial assets are initially recognised at transaction price including transaction costs and
subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad
and doubtful debts.
Short term creditors
Short term creditors are measured at transaction price (usually the invoice price). Loans and other financial liabilities are
initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined
using the effective interest method.
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6
For the year ended 31 December 2023
Maitlands (GB) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor Vehicles
Plant and
Machinery
Land and
Buildings
£
£
£
£
Cost or valuation
At 01 January 2023
1,080,841
78,566
163,127
839,148
88,304
83,658
4,646
-
Additions
At 31 December 2023
839,148
167,773
162,224
1,169,145
Provision for depreciation and impairment
At 01 January 2023
254,077
78,566
150,685
24,826
Charge for year
37,319
27,886
8,612
821
At 31 December 2023
291,396
106,452
159,297
25,647
At 31 December 2023
Net book value
813,501
8,476
55,772
877,749
At 31 December 2022
814,322
12,442
-
826,764
3. Inventories
2022
2023
£
£
Stocks
141,185
123,726
4. Trade and other receivables
2022
2023
£
£
Trade debtors
606,799
625,335
Other debtors
57,163
70,196
695,531
663,962
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft (secured)
18,667
21,717
Bank loans and overdraft
19
415
Trade creditors
446,649
492,348
Taxation and social security
52,359
139,142
Other creditors
-
-
517,694
653,622
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7
For the year ended 31 December 2023
Maitlands (GB) Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft (secured)
366,044
381,661
7. Average number of persons employed
During the year the average number of employees was 12.
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