Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01No description of principal activity97falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12367947 2023-01-01 2023-12-31 12367947 2022-01-01 2022-12-31 12367947 2023-12-31 12367947 2022-12-31 12367947 c:Director1 2023-01-01 2023-12-31 12367947 d:MotorVehicles 2023-01-01 2023-12-31 12367947 d:MotorVehicles 2023-12-31 12367947 d:MotorVehicles 2022-12-31 12367947 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12367947 d:CurrentFinancialInstruments 2023-12-31 12367947 d:CurrentFinancialInstruments 2022-12-31 12367947 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12367947 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12367947 d:ShareCapital 2023-12-31 12367947 d:ShareCapital 2022-12-31 12367947 d:RetainedEarningsAccumulatedLosses 2023-12-31 12367947 d:RetainedEarningsAccumulatedLosses 2022-12-31 12367947 c:OrdinaryShareClass1 2023-01-01 2023-12-31 12367947 c:OrdinaryShareClass1 2023-12-31 12367947 c:OrdinaryShareClass1 2022-12-31 12367947 c:FRS102 2023-01-01 2023-12-31 12367947 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12367947 c:FullAccounts 2023-01-01 2023-12-31 12367947 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12367947 2 2023-01-01 2023-12-31 12367947 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 12367947














MAINTAINED LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
MAINTAINED LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 6


 
MAINTAINED LIMITED
REGISTERED NUMBER:12367947

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
21,399
35,383

Current assets
  

Debtors: amounts falling due within one year
 5 
311,404
611,033

Bank and cash balances
  
320,403
7,065

  
631,807
618,098

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(631,733)
(765,025)

Net current assets/(liabilities)
  
 
 
74
 
 
(146,927)

  

Net assets/(liabilities)
  
21,473
(111,544)


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
21,472
(111,545)

  
21,473
(111,544)


The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 September 2024.




I Marin
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
MAINTAINED LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Maintained Limited is a company limited by shares incorporated in England and Wales. The registered
office is 2nd Floor Connaught House, 1-3 Mount Street, London, United Kingdom, W1K 3NB.

The principal activity of the Company is Construction of domestic buildings.
The accounts are presented in £ sterling, which is the functional currency of the Company. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied in the year exclusive of trade discounts and excluding Value Added Tax. 
 
Turnover is recognised as earned when, and to the extent that, the Company retains the right to
consideration in exchange for its performance and defined by contracts to provide services.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 2

 
MAINTAINED LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
MAINTAINED LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Basic financial instruments

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to related parties. 
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties. 
Interest bearing borrowings, such bank loans, classified as basic financial instruments are recognised initially at the present value of future payments discounted at a market rate of interest. Thereafter they are stated at amortised cost using the effective interest method. 
Cash and cash equivalents comprise cash balances and call deposits. 

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2022 -7).

Page 4

 
MAINTAINED LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 1 January 2023
42,375



At 31 December 2023

42,375



Depreciation


At 1 January 2023
6,992


Charge for the year on owned assets
13,984



At 31 December 2023

20,976



Net book value



At 31 December 2023
21,399



At 31 December 2022
35,383


5.


Debtors

2023
2022
£
£


Trade debtors
138,675
217,635

Other debtors
172,729
393,398

311,404
611,033



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
45,286
555,031

Amounts owed to group undertakings
11,150
11,950

Other taxation and social security
423,278
183,738

Obligations under finance lease and hire purchase contracts
-
1,554

Other creditors
-
11,827

Accruals and deferred income
152,019
925

631,733
765,025


Page 5

 
MAINTAINED LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 -1) Ordinary share of £1.00
1
1


 
Page 6