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REGISTERED NUMBER: 11770995 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Maple Leaf Construction Limited

Maple Leaf Construction Limited (Registered number: 11770995)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Maple Leaf Construction Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr C J McCotter





REGISTERED OFFICE: Trevenwyth Farm
St Ives Road
Lelant
St Ives
Cornwall
TR26 3EU





REGISTERED NUMBER: 11770995 (England and Wales)





ACCOUNTANTS: Mitchell Chartered Accountants
Marlborough
Hillcrest
Helston
Cornwall
TR13 8UN

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Maple Leaf Construction Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Maple Leaf Construction Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Maple Leaf Construction Limited in accordance with the terms of our engagement letter dated 10 February 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Maple Leaf Construction Limited and state those matters that we have agreed to state to the director of Maple Leaf Construction Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Maple Leaf Construction Limited and its director for our work or for this report.

It is your duty to ensure that Maple Leaf Construction Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Maple Leaf Construction Limited. You consider that Maple Leaf Construction Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Maple Leaf Construction Limited. 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 statutory financial statements.






Mitchell Chartered Accountants
Marlborough
Hillcrest
Helston
Cornwall
TR13 8UN


15 November 2024

Maple Leaf Construction Limited (Registered number: 11770995)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 6,000 7,200
Tangible assets 6 136,115 153,475
142,115 160,675

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 7 23,377 15,941
Cash at bank 60,129 32,988
85,506 50,929
CREDITORS
Amounts falling due within one year 8 87,435 74,033
NET CURRENT LIABILITIES (1,929 ) (23,104 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,186

137,571

CREDITORS
Amounts falling due after more than one
year

9

-

(8,848

)

PROVISIONS FOR LIABILITIES (22,419 ) (24,954 )
NET ASSETS 117,767 103,769

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 117,667 103,669
SHAREHOLDERS' FUNDS 117,767 103,769

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.

Maple Leaf Construction Limited (Registered number: 11770995)

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.

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

The financial statements were approved by the director and authorised for issue on 15 November 2024 and were signed by:





Mr C J McCotter - Director


Maple Leaf Construction Limited (Registered number: 11770995)

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

1. STATUTORY INFORMATION

Maple Leaf Construction 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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 Statement of Income and Retained Earnings, 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.


Maple Leaf Construction Limited (Registered number: 11770995)

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

3. 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.

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

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 12,000
AMORTISATION
At 1 April 2023 4,800
Charge for year 1,200
At 31 March 2024 6,000
NET BOOK VALUE
At 31 March 2024 6,000
At 31 March 2023 7,200

Maple Leaf Construction Limited (Registered number: 11770995)

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

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 139,744 3,931 94,538 1,531 239,744
Additions 6,227 - - - 6,227
Disposals - - (1,350 ) - (1,350 )
At 31 March 2024 145,971 3,931 93,188 1,531 244,621
DEPRECIATION
At 1 April 2023 36,921 1,137 47,637 574 86,269
Charge for year 10,908 393 11,619 240 23,160
Eliminated on disposal - - (923 ) - (923 )
At 31 March 2024 47,829 1,530 58,333 814 108,506
NET BOOK VALUE
At 31 March 2024 98,142 2,401 34,855 717 136,115
At 31 March 2023 102,823 2,794 46,901 957 153,475

At the 31 March 2023 the company had a net book value of £18,791 of plant and machinery and £14,285 of motor vehicles held under hire purchase agreements. All hire purchase agreements have been fully paid by the 31 March 2024.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 300 6,757
Amounts recoverable on contract 22,245 4,663
Directors' current accounts - 3,525
Prepayments 832 996
23,377 15,941

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 3,696 -
Hire purchase contracts - 21,196
Trade creditors 28,662 15,655
Tax 17,098 5,371
Social security and other taxes 1,577 4,468
VAT 17,864 10,050
Proposed dividends 494 297
Other creditors 14,267 16,221
Directors' current accounts 222 -
Accrued expenses 3,555 775
87,435 74,033

Maple Leaf Construction Limited (Registered number: 11770995)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts - 8,848

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts - 30,044

The hire purchase agreements are secured on the asset the agreement funded.

11. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Share capital 1 1 100 100

At the 31 March 2023 £97 of shares were paid and £3 of shares were unpaid. By the 31 March 2024 all the shares have been paid.

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr C J McCotter
Balance outstanding at start of year (3,525 ) (4,498 )
Amounts advanced 37,827 24,017
Amounts repaid (34,080 ) (23,044 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 222 (3,525 )

The director has paid for some business expenses personally and the company has paid for some personal expenses of the director. The company has loaned the director money and the director's dividends have been used to repay the loans. No interest has been charged on the loan. No amounts have been written off or waived during the period. The loan is payable on demand.

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mr C J McCotter.

The ultimate controlling party is Mr C J McCotter.