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Registered number: 08119835
MAA Project Services Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Richards Associates Limited
North Lodge
Hawkesyard
Rugeley
Staffordshire
WS15 1PS
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08119835
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,365 15,190
13,365 15,190
CURRENT ASSETS
Debtors 5 2,682 1,485
Cash at bank and in hand 61,877 49,400
64,559 50,885
Creditors: Amounts Falling Due Within One Year 6 (27,606 ) (29,258 )
NET CURRENT ASSETS (LIABILITIES) 36,953 21,627
TOTAL ASSETS LESS CURRENT LIABILITIES 50,318 36,817
Creditors: Amounts Falling Due After More Than One Year 7 (6,298 ) (10,497 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (135 ) (135 )
NET ASSETS 43,885 26,185
CAPITAL AND RESERVES
Called up share capital 9 4 4
Profit and Loss Account 43,881 26,181
SHAREHOLDERS' FUNDS 43,885 26,185
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For the year ending 30 June 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 directors acknowledge their 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 Profit and Loss Account.
On behalf of the board
Mr M Andrews
Director
4 October 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
MAA Project Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08119835 . The registered office is 61 Wensleydale, Wilnecote, Tamworth, Staffordshire, B77 4PS.
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. Going Concern Disclosure
At the time of approving the financial statements the directors have a reasonable expectation that the
company has adequate resources to continue in operational existence for the foreseeable future.
The directors continue to adopt the going concern basis of accounting in preparing financial statements.
2.3. Turnover
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.
2.4. 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:
Plant & Machinery 20% on cost
Motor Vehicles 20% on cost
Computer Equipment 33% on cost
2.5. 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 profit and loss account 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 profit and loss account as incurred.
2.6. Financial Instruments
The company only enters in to basic financial intrument transactions that result in the recognition of financial
aseets and liabilites like trade debtors and creditors, loans from banks and other third parties and loans to
related parties.
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2.7. 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 years 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 assets reflect 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: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 137 16,795 773 17,705
Additions - - 417 417
As at 30 June 2024 137 16,795 1,190 18,122
Depreciation
As at 1 July 2023 47 1,959 509 2,515
Provided during the period 27 1,960 255 2,242
As at 30 June 2024 74 3,919 764 4,757
Net Book Value
As at 30 June 2024 63 12,876 426 13,365
As at 1 July 2023 90 14,836 264 15,190
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,682 1,485
2,682 1,485
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,199 4,199
Trade creditors - 2
Corporation tax 12,771 8,043
VAT 3,596 3,382
Pension creditor - 150
Accruals and deferred income 450 500
Directors' loan accounts 6,590 12,982
27,606 29,258
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,298 10,497
6,298 10,497
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,199 4,199
Later than one year and not later than five years 6,298 10,497
10,497 14,696
10,497 14,696
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
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10. Ultimate Controlling Party
The company's ultimate controlling parties are   Mark Andrews and Louise Andrews by virtue of their ownership of 75% & 25% of the issued share capital in the company.
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