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Registered number: 06797972
Map Mechanical Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Paramount Accountancy Ltd
Chartered Accountants
Wakefield Suite, The Stables Lockwood Park
Huddersfield
West Yorkshire
HD4 6EN
Contents
Page
Company Information 1
Accountant's Report 2
Statement of Financial Position 3—4
Notes to the Financial Statements 5—7
Page 1
Company Information
Director Mr Arran Crabtree
Company Number 06797972
Registered Office Unit H The Dyeworks Albert Street
Lockwood
Huddersfield
HD1 3RE
Accountants Paramount Accountancy Ltd
Chartered Accountants
Wakefield Suite, The Stables Lockwood Park
Huddersfield
West Yorkshire
HD4 6EN
Page 1
Page 2
Accountant's Report
Chartered Accountant's report to the director on the preparation of the unaudited statutory accounts of Map Mechanical Ltd For The Year Ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Map Mechanical Ltd For The Year Ended 31 March 2024 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Map Mechanical Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Map Mechanical Ltd and state those matters that we have agreed to state to the director of Map Mechanical Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Map Mechanical Ltd and its director, as a body, for our work or for this report.
It is your duty to ensure that Map Mechanical Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Map Mechanical Ltd . You consider that Map Mechanical Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Map Mechanical Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
31 July 2024
Paramount Accountancy Ltd
Chartered Accountants
Wakefield Suite, The Stables Lockwood Park
Huddersfield
West Yorkshire
HD4 6EN
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Page 3
Statement of Financial Position
Registered number: 06797972
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 176,545 119,833
176,545 119,833
CURRENT ASSETS
Stocks 5 3,000 3,000
Debtors 6 187,605 343,878
Cash at bank and in hand 25,235 12,540
215,840 359,418
Creditors: Amounts Falling Due Within One Year 7 (407,758 ) (437,149 )
NET CURRENT ASSETS (LIABILITIES) (191,918 ) (77,731 )
TOTAL ASSETS LESS CURRENT LIABILITIES (15,373 ) 42,102
Creditors: Amounts Falling Due After More Than One Year 8 (141,155 ) (121,545 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (13,500 )
NET LIABILITIES (156,528 ) (92,943 )
CAPITAL AND RESERVES
Called up share capital 10 10 10
Income Statement (156,538 ) (92,953 )
SHAREHOLDERS' FUNDS (156,528) (92,943)
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Page 4
For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Arran Crabtree
Director
31 July 2024
The notes on pages 5 to 7 form part of these financial statements.
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Page 5
Notes to the Financial Statements
1. General Information
Map Mechanical Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06797972 . The registered office is Unit H The Dyeworks Albert Street, Lockwood, Huddersfield, HD1 3RE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 25% Reducing balance
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2023: 15)
17 15
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2023 7,142 40,267 161,289 32,836 241,534
Additions - 1,157 98,870 323 100,350
As at 31 March 2024 7,142 41,424 260,159 33,159 341,884
Depreciation
As at 1 April 2023 1,190 17,297 94,611 8,603 121,701
Provided during the period 1,488 5,914 31,340 4,896 43,638
As at 31 March 2024 2,678 23,211 125,951 13,499 165,339
Net Book Value
As at 31 March 2024 4,464 18,213 134,208 19,660 176,545
As at 1 April 2023 5,952 22,970 66,678 24,233 119,833
5. Stocks
2024 2023
£ £
Stock 3,000 3,000
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 104,354 199,577
Amounts recoverable on contracts - 30,000
Other debtors 83,251 114,301
187,605 343,878
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 35,903 14,774
Trade creditors 227,659 263,915
Bank loans and overdrafts 26,318 24,788
Other creditors 117,647 111,438
Taxation and social security 231 22,234
407,758 437,149
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 75,858 29,929
Bank loans 65,297 91,616
141,155 121,545
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 35,903 14,774
Later than one year and not later than five years 75,858 29,929
111,761 44,703
111,761 44,703
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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