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REGISTERED NUMBER: 08910642 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Maineford Ltd

Maineford Ltd (Registered number: 08910642)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Maineford Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D J Mainwaring





REGISTERED OFFICE: The Old Forge
19 High Street
Braunston
Daventry
Northamptonshire
NN11 7HR





REGISTERED NUMBER: 08910642 (England and Wales)





ACCOUNTANTS: CDA Accountancy
Unit 11/12 Hall Farm
Sywell Aerodrome
Sywell
Northamptonshire
NN6 0BN

Maineford Ltd (Registered number: 08910642)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,251 29,743

CURRENT ASSETS
Stocks 7,800 -
Debtors 809 9,853
Cash at bank 18,996 26,547
27,605 36,400
CREDITORS
Amounts falling due within one year 38,465 41,118
NET CURRENT LIABILITIES (10,860 ) (4,718 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,391

25,025

CREDITORS
Amounts falling due after more than
one year

(8,711

)

(13,782

)

PROVISIONS FOR LIABILITIES (8,408 ) (5,651 )
NET ASSETS 16,272 5,592

CAPITAL AND RESERVES
Called up share capital 5 10 10
Retained earnings 16,262 5,582
SHAREHOLDERS' FUNDS 16,272 5,592

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 director acknowledges his 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.

Maineford Ltd (Registered number: 08910642)

Abridged Balance Sheet - 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.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 July 2024 and were signed by:





D J Mainwaring - Director


Maineford Ltd (Registered number: 08910642)

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

1. STATUTORY INFORMATION

Maineford 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 gross invoiced sales, including value added tax. The company calculates value added tax under the flat rate scheme with value added tax charge being disclosed as a seperate expense in the profit and loss account.

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 - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.


Maineford Ltd (Registered number: 08910642)

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 balance sheet 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

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 58,216
Additions 25,958
Disposals (19,691 )
At 31 March 2024 64,483
DEPRECIATION
At 1 April 2023 28,473
Charge for year 6,777
Eliminated on disposal (15,018 )
At 31 March 2024 20,232
NET BOOK VALUE
At 31 March 2024 44,251
At 31 March 2023 29,743

Maineford Ltd (Registered number: 08910642)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2023
and 31 March 2024 32,995
DEPRECIATION
At 1 April 2023 8,249
Charge for year 6,186
At 31 March 2024 14,435
NET BOOK VALUE
At 31 March 2024 18,560
At 31 March 2023 24,746

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
9 Ordinary A £1 9 9
1 Ordinary B £1 1 1
10 10