Maybond Limited 01032864 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is continued to be that of supply of management, secretarial and administration services. Digita Accounts Production Advanced 6.30.9574.0 true true 01032864 2023-04-01 2024-03-31 01032864 2024-03-31 01032864 bus:OrdinaryShareClass1 2024-03-31 01032864 core:CurrentFinancialInstruments 2024-03-31 01032864 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 01032864 bus:SmallEntities 2023-04-01 2024-03-31 01032864 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 01032864 bus:FilletedAccounts 2023-04-01 2024-03-31 01032864 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 01032864 bus:RegisteredOffice 2023-04-01 2024-03-31 01032864 bus:Director3 2023-04-01 2024-03-31 01032864 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 01032864 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01032864 countries:EnglandWales 2023-04-01 2024-03-31 01032864 2022-04-01 2023-03-31 01032864 2023-03-31 01032864 bus:OrdinaryShareClass1 2023-03-31 01032864 core:CurrentFinancialInstruments 2023-03-31 01032864 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01032864

Maybond Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Maybond Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Maybond Limited

(Registration number: 01032864)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

245,446

232,208

Cash at bank and in hand

 

1,925

5,563

 

247,371

237,771

Creditors: Amounts falling due within one year

5

(3,584)

(3,890)

Net assets

 

243,787

233,881

Capital and reserves

 

Called up share capital

6

100

100

Profit and loss account

243,687

233,781

Shareholders' funds

 

243,787

233,881

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 September 2024
 

.........................................
L J Gerrard
Director

 

Maybond Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C/O Sterlings Ltd
Lawford House
Albert Place
London
N3 1QA
England

These financial statements were authorised for issue by the director on 19 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling (£) which is the functional currency of the company. Monetary amounts in these financial statements
are rounded to the nearest £.

 

Maybond Limited

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

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Maybond Limited

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

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

4

Debtors

Current

2024
£

2023
£

Trade debtors

245,446

232,208

 

245,446

232,208

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

2,324

2,630

Accruals and deferred income

1,260

1,260

3,584

3,890

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

7

Related party transactions

At the balance sheet date, included within debtors was an amount of £245,446 (2022 - £232,568) owed by the company's director for services provided to him.