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REGISTERED NUMBER: 06529228 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

S Mayberry Limited

S Mayberry Limited (Registered number: 06529228)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

S Mayberry Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr M S Mayberry
Mrs J Mayberry





REGISTERED OFFICE: 25 Monkton Rise
Guisborough
Cleveland
TS14 6GF





REGISTERED NUMBER: 06529228 (England and Wales)





ACCOUNTANTS: Simon J Gibson Limited
Chartered Accountants
75A Coach Road
Sleights
Whitby
North Yorkshire
YO22 5BT

S Mayberry Limited (Registered number: 06529228)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 218,582 301,576

CURRENT ASSETS
Stocks 1,242 2,621
Debtors 5 81,554 85,842
Cash at bank 6,156 30,095
88,952 118,558
CREDITORS
Amounts falling due within one year 6 120,546 126,681
NET CURRENT LIABILITIES (31,594 ) (8,123 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

186,988

293,453

CREDITORS
Amounts falling due after more than one
year

7

(140,792

)

(198,374

)

PROVISIONS FOR LIABILITIES (36,590 ) (39,960 )
NET ASSETS 9,606 55,119

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9,506 55,019
SHAREHOLDERS' FUNDS 9,606 55,119

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 directors acknowledge their 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.

S Mayberry Limited (Registered number: 06529228)

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 Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:




Mr M S Mayberry - Director



Mrs J Mayberry - Director


S Mayberry Limited (Registered number: 06529228)

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

1. STATUTORY INFORMATION

S Mayberry 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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 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.

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.

S Mayberry Limited (Registered number: 06529228)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2023 12,650 81,664 4,112
Disposals - - -
At 31 March 2024 12,650 81,664 4,112
DEPRECIATION
At 1 April 2023 6,325 35,602 2,247
Charge for year 1,265 6,909 280
Eliminated on disposal - - -
At 31 March 2024 7,590 42,511 2,527
NET BOOK VALUE
At 31 March 2024 5,060 39,153 1,585
At 31 March 2023 6,325 46,062 1,865

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 429,384 3,543 531,353
Disposals (71,563 ) - (71,563 )
At 31 March 2024 357,821 3,543 459,790
DEPRECIATION
At 1 April 2023 182,609 2,994 229,777
Charge for year 57,472 181 66,107
Eliminated on disposal (54,676 ) - (54,676 )
At 31 March 2024 185,405 3,175 241,208
NET BOOK VALUE
At 31 March 2024 172,416 368 218,582
At 31 March 2023 246,775 549 301,576

S Mayberry Limited (Registered number: 06529228)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 77,519 62,846
VAT 2,120 22,436
Prepayments 1,915 560
81,554 85,842

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bounce back loan 5,556 5,556
Hire purchase contracts 53,909 93,097
Trade creditors 32,559 13,967
Tax 62 (3,891 )
Directors' loan accounts 28,460 17,952
120,546 126,681

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bounce back loan 29,630 35,185
Hire purchase contracts 111,162 163,189
140,792 198,374

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 165,071 256,286

The hire purchase contracts are secured against the relevant motor vehicles and plant. In 2024 the value of secured assets were £156,524 (2023 - £251,716).

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M S Mayberry and Mrs J Mayberry.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
S Mayberry Limited

The following reproduces the text of the report prepared for the directors 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 Directors 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 S Mayberry 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 Board of Directors of S Mayberry Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of S Mayberry Limited and state those matters that we have agreed to state to the Board of Directors of S Mayberry Limited, as a body, 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 S Mayberry Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that S Mayberry 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 loss of S Mayberry Limited. You consider that S Mayberry 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 S Mayberry 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.






Simon J Gibson Limited
Chartered Accountants
75A Coach Road
Sleights
Whitby
North Yorkshire
YO22 5BT


17 September 2024