Registered Number:05127830 |
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
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
Maitlands (GB) Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
877,749
826,764
2
877,749
826,764
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
55,003
55,003
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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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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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. |
11-14 Kempton Road
Keytec 7 Business Park
Pershore
Worcs
WR10 2TA
The presentation currency is £ sterling. |
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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For the year ended 31 December 2023
Maitlands (GB) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor Vehicles
1,080,841
78,566
163,127
839,148
88,304
83,658
4,646
-
839,148
167,773
162,224
1,169,145
Provision for depreciation and impairment |
254,077
78,566
150,685
24,826
Charge for year
37,319
27,886
8,612
821
291,396
106,452
159,297
25,647
813,501
8,476
55,772
877,749
814,322
12,442
-
826,764
2022
2023
141,185
123,726
4. Trade and other receivables |
2022
2023
606,799
625,335
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
19
415
446,649
492,348
Taxation and social security |
52,359
139,142
-
-
517,694
653,622
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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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