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REGISTERED NUMBER: 04617822 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MAYCOURT LIMITED

MAYCOURT LIMITED (REGISTERED NUMBER: 04617822)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAYCOURT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: R Smyth





REGISTERED OFFICE: 27A Green Lane
Northwood
Middlesex
HA6 2PX





REGISTERED NUMBER: 04617822 (England and Wales)





ACCOUNTANTS: Shah and Shin
27A Green Lane
Northwood, Middlesex
HA6 2PX

MAYCOURT LIMITED (REGISTERED NUMBER: 04617822)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,403 26,935

CURRENT ASSETS
Stocks 3,450 3,250
Debtors 5 28,412 39,061
Cash at bank and in hand 32,275 45,506
64,137 87,817
CREDITORS
Amounts falling due within one year 6 30,547 45,182
NET CURRENT ASSETS 33,590 42,635
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,993

69,570

CREDITORS
Amounts falling due after more than one
year

7

26,504

34,548
NET ASSETS 28,489 35,022

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 28,487 35,020
SHAREHOLDERS' FUNDS 28,489 35,022

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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 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.

MAYCOURT LIMITED (REGISTERED NUMBER: 04617822)

BALANCE SHEET - continued
31 DECEMBER 2023


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

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

The financial statements were approved by the director and authorised for issue on 26 September 2024 and were signed by:





R Smyth - Director


MAYCOURT LIMITED (REGISTERED NUMBER: 04617822)

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

1. STATUTORY INFORMATION

MAYCOURT LIMITED 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold Land and Buildings - 5% per annum on cost
Fixtures, fittings & equipment - 25% per annum on reducing balance
Motor vehicle - 25% per annum on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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 AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

MAYCOURT LIMITED (REGISTERED NUMBER: 04617822)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 96,106 24,068 120,174
DEPRECIATION
At 1 January 2023 72,080 21,159 93,239
Charge for year 4,805 727 5,532
At 31 December 2023 76,885 21,886 98,771
NET BOOK VALUE
At 31 December 2023 19,221 2,182 21,403
At 31 December 2022 24,026 2,909 26,935

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 28,412 39,061

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors (1 ) -
Taxation and social security 13,238 16,896
Other creditors 17,310 28,286
30,547 45,182

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 26,504 34,548

8. ULTIMATE CONTROLLING PARTY

Mr R J Smyth, a director, controls the company by virtue of a controlling interest of 100% of the issued share capital.