2023-08-012024-07-312024-07-31false06880916MAVEN ELECTRICAL LIMITED2024-10-14iso4217:GBPxbrli:pure068809162023-08-01068809162024-07-31068809162023-08-012024-07-31068809162022-08-01068809162023-07-31068809162022-08-012023-07-3106880916bus:SmallEntities2023-08-012024-07-3106880916bus:AuditExempt-NoAccountantsReport2023-08-012024-07-3106880916bus:FullAccounts2023-08-012024-07-3106880916bus:PrivateLimitedCompanyLtd2023-08-012024-07-3106880916core:WithinOneYear2024-07-3106880916core:AfterOneYear2024-07-3106880916core:WithinOneYear2023-07-3106880916core:AfterOneYear2023-07-3106880916core:ShareCapital2024-07-3106880916core:SharePremium2024-07-3106880916core:RevaluationReserve2024-07-3106880916core:OtherReservesSubtotal2024-07-3106880916core:RetainedEarningsAccumulatedLosses2024-07-3106880916core:ShareCapital2023-07-3106880916core:SharePremium2023-07-3106880916core:RevaluationReserve2023-07-3106880916core:OtherReservesSubtotal2023-07-3106880916core:RetainedEarningsAccumulatedLosses2023-07-3106880916core:LandBuildings2024-07-3106880916core:PlantMachinery2024-07-3106880916core:Vehicles2024-07-3106880916core:FurnitureFittings2024-07-3106880916core:OfficeEquipment2024-07-3106880916core:NetGoodwill2024-07-3106880916core:IntangibleAssetsOtherThanGoodwill2024-07-3106880916core:ListedExchangeTraded2024-07-3106880916core:UnlistedNon-exchangeTraded2024-07-3106880916core:LandBuildings2023-07-3106880916core:PlantMachinery2023-07-3106880916core:Vehicles2023-07-3106880916core:FurnitureFittings2023-07-3106880916core:OfficeEquipment2023-07-3106880916core:NetGoodwill2023-07-3106880916core:IntangibleAssetsOtherThanGoodwill2023-07-3106880916core:ListedExchangeTraded2023-07-3106880916core:UnlistedNon-exchangeTraded2023-07-3106880916core:LandBuildings2023-08-012024-07-3106880916core:PlantMachinery2023-08-012024-07-3106880916core:Vehicles2023-08-012024-07-3106880916core:FurnitureFittings2023-08-012024-07-3106880916core:OfficeEquipment2023-08-012024-07-3106880916core:NetGoodwill2023-08-012024-07-3106880916core:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3106880916core:ListedExchangeTraded2023-08-012024-07-3106880916core:UnlistedNon-exchangeTraded2023-08-012024-07-3106880916core:MoreThanFiveYears2023-08-012024-07-3106880916core:Non-currentFinancialInstruments2024-07-3106880916core:Non-currentFinancialInstruments2023-07-3106880916dpl:CostSales2023-08-012024-07-3106880916dpl:DistributionCosts2023-08-012024-07-3106880916core:LandBuildings2023-08-012024-07-3106880916core:PlantMachinery2023-08-012024-07-3106880916core:Vehicles2023-08-012024-07-3106880916core:FurnitureFittings2023-08-012024-07-3106880916core:OfficeEquipment2023-08-012024-07-3106880916dpl:AdministrativeExpenses2023-08-012024-07-3106880916core:NetGoodwill2023-08-012024-07-3106880916core:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3106880916dpl:GroupUndertakings2023-08-012024-07-3106880916dpl:ParticipatingInterests2023-08-012024-07-3106880916dpl:GroupUndertakingscore:ListedExchangeTraded2023-08-012024-07-3106880916core:ListedExchangeTraded2023-08-012024-07-3106880916dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-08-012024-07-3106880916core:UnlistedNon-exchangeTraded2023-08-012024-07-3106880916dpl:CostSales2022-08-012023-07-3106880916dpl:DistributionCosts2022-08-012023-07-3106880916core:LandBuildings2022-08-012023-07-3106880916core:PlantMachinery2022-08-012023-07-3106880916core:Vehicles2022-08-012023-07-3106880916core:FurnitureFittings2022-08-012023-07-3106880916core:OfficeEquipment2022-08-012023-07-3106880916dpl:AdministrativeExpenses2022-08-012023-07-3106880916core:NetGoodwill2022-08-012023-07-3106880916core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3106880916dpl:GroupUndertakings2022-08-012023-07-3106880916dpl:ParticipatingInterests2022-08-012023-07-3106880916dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-012023-07-3106880916core:ListedExchangeTraded2022-08-012023-07-3106880916dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-012023-07-3106880916core:UnlistedNon-exchangeTraded2022-08-012023-07-3106880916core:NetGoodwill2024-07-3106880916core:IntangibleAssetsOtherThanGoodwill2024-07-3106880916core:LandBuildings2024-07-3106880916core:PlantMachinery2024-07-3106880916core:Vehicles2024-07-3106880916core:FurnitureFittings2024-07-3106880916core:OfficeEquipment2024-07-3106880916core:AfterOneYear2024-07-3106880916core:WithinOneYear2024-07-3106880916core:ListedExchangeTraded2024-07-3106880916core:UnlistedNon-exchangeTraded2024-07-3106880916core:ShareCapital2024-07-3106880916core:SharePremium2024-07-3106880916core:RevaluationReserve2024-07-3106880916core:OtherReservesSubtotal2024-07-3106880916core:RetainedEarningsAccumulatedLosses2024-07-3106880916core:NetGoodwill2023-07-3106880916core:IntangibleAssetsOtherThanGoodwill2023-07-3106880916core:LandBuildings2023-07-3106880916core:PlantMachinery2023-07-3106880916core:Vehicles2023-07-3106880916core:FurnitureFittings2023-07-3106880916core:OfficeEquipment2023-07-3106880916core:AfterOneYear2023-07-3106880916core:WithinOneYear2023-07-3106880916core:ListedExchangeTraded2023-07-3106880916core:UnlistedNon-exchangeTraded2023-07-3106880916core:ShareCapital2023-07-3106880916core:SharePremium2023-07-3106880916core:RevaluationReserve2023-07-3106880916core:OtherReservesSubtotal2023-07-3106880916core:RetainedEarningsAccumulatedLosses2023-07-3106880916core:NetGoodwill2022-08-0106880916core:IntangibleAssetsOtherThanGoodwill2022-08-0106880916core:LandBuildings2022-08-0106880916core:PlantMachinery2022-08-0106880916core:Vehicles2022-08-0106880916core:FurnitureFittings2022-08-0106880916core:OfficeEquipment2022-08-0106880916core:AfterOneYear2022-08-0106880916core:WithinOneYear2022-08-0106880916core:ListedExchangeTraded2022-08-0106880916core:UnlistedNon-exchangeTraded2022-08-0106880916core:ShareCapital2022-08-0106880916core:SharePremium2022-08-0106880916core:RevaluationReserve2022-08-0106880916core:OtherReservesSubtotal2022-08-0106880916core:RetainedEarningsAccumulatedLosses2022-08-0106880916core:AfterOneYear2023-08-012024-07-3106880916core:WithinOneYear2023-08-012024-07-3106880916core:Non-currentFinancialInstrumentscore:CostValuation2023-08-012024-07-3106880916core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-08-012024-07-3106880916core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-08-012024-07-3106880916core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-08-012024-07-3106880916core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-08-012024-07-3106880916core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-08-012024-07-3106880916core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-08-012024-07-3106880916core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-08-012024-07-3106880916core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-08-012024-07-3106880916core:Non-currentFinancialInstrumentscore:CostValuation2024-07-3106880916core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-07-3106880916core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-07-3106880916core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-07-3106880916core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-07-3106880916core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-07-3106880916core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-07-3106880916core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-07-3106880916core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-07-3106880916core:Non-currentFinancialInstrumentscore:CostValuation2023-07-3106880916core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-07-3106880916core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-07-3106880916core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-07-3106880916core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-07-3106880916core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-07-3106880916core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-07-3106880916core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-07-3106880916core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-07-3106880916bus:Director12023-08-012024-07-31

MAVEN ELECTRICAL LIMITED

Registered Number
06880916
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

MAVEN ELECTRICAL LIMITED
Company Information
for the year from 1 August 2023 to 31 July 2024

Director

CHILDS, Andrew Edward

Company Secretary

CHILDS, Hannah Kate

Registered Address

20 Railway Side
Barnes
London
SW13 0PN

Registered Number

06880916 (England and Wales)
MAVEN ELECTRICAL LIMITED
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,5082,059
1,5082,059
Current assets
Debtors41,0894,586
Cash at bank and on hand11,0667,895
12,15512,481
Creditors amounts falling due within one year5(10,474)(5,821)
Net current assets (liabilities)1,6816,660
Total assets less current liabilities3,1898,719
Provisions for liabilities6(377)(514)
Net assets2,8128,205
Capital and reserves
Called up share capital100100
Profit and loss account2,7128,105
Shareholders' funds2,8128,205
The financial statements were approved and authorised for issue by the Director on 14 October 2024, and are signed on its behalf by:
CHILDS, Andrew Edward
Director
Registered Company No. 06880916
MAVEN ELECTRICAL LIMITED
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery33
Office Equipment33
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 August 2311,9151,79513,710
Additions-145145
At 31 July 2411,9151,94013,855
Depreciation and impairment
At 01 August 2310,81383811,651
Charge for year365331696
At 31 July 2411,1781,16912,347
Net book value
At 31 July 247377711,508
At 31 July 231,1029572,059
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables6814,215
Prepayments and accrued income408371
Total1,0894,586
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables321125
Taxation and social security7,0423,815
Other creditors2,7871,881
Accrued liabilities and deferred income324-
Total10,4745,821
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)377514
Total377514
7.Related party transactions
Included in other creditors is an amount of £2,786 (2023: £1,881) relates to director's loan account Mr A E Childs.