IRIS Accounts Production v24.3.0.553 07614846 director 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076148462023-03-31076148462024-03-31076148462023-04-012024-03-31076148462022-03-31076148462022-04-012023-03-31076148462023-03-3107614846ns15:EnglandWales2023-04-012024-03-3107614846ns14:PoundSterling2023-04-012024-03-3107614846ns10:Director12023-04-012024-03-3107614846ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107614846ns10:SmallEntities2023-04-012024-03-3107614846ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107614846ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107614846ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107614846ns10:FullAccounts2023-04-012024-03-3107614846ns10:OrdinaryShareClass12023-04-012024-03-3107614846ns10:CompanySecretary12023-04-012024-03-3107614846ns10:RegisteredOffice2023-04-012024-03-3107614846ns5:CurrentFinancialInstruments2024-03-3107614846ns5:CurrentFinancialInstruments2023-03-3107614846ns5:ShareCapital2024-03-3107614846ns5:ShareCapital2023-03-3107614846ns5:RetainedEarningsAccumulatedLosses2024-03-3107614846ns5:RetainedEarningsAccumulatedLosses2023-03-3107614846ns5:PlantMachinery2023-04-012024-03-3107614846ns5:FurnitureFittings2023-03-3107614846ns5:ComputerEquipment2023-03-3107614846ns5:FurnitureFittings2023-04-012024-03-3107614846ns5:ComputerEquipment2023-04-012024-03-3107614846ns5:FurnitureFittings2024-03-3107614846ns5:ComputerEquipment2024-03-3107614846ns5:FurnitureFittings2023-03-3107614846ns5:ComputerEquipment2023-03-3107614846ns10:OrdinaryShareClass12024-03-31
















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Mai Technologies Ltd.

Mai Technologies Ltd. (Registered number: 07614846)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mai Technologies Ltd.

Company Information
for the Year Ended 31 March 2024







DIRECTOR: A Idrees





SECRETARY: S Khan-Idrees





REGISTERED OFFICE: 6 Ashwood Lodge
1 Houndsden Road
London
N21 1ND





REGISTERED NUMBER: 07614846 (England and Wales)





ACCOUNTANTS: Peter Upton
Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR

Mai Technologies Ltd. (Registered number: 07614846)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,619 2,374

CURRENT ASSETS
Debtors 5 - 148
Cash at bank and in hand 61,190 42,321
61,190 42,469
CREDITORS
Amounts falling due within one year 6 29,211 26,459
NET CURRENT ASSETS 31,979 16,010
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,598

18,384

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 34,498 18,284
SHAREHOLDERS' FUNDS 34,598 18,384

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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 November 2024 and were signed by:





A Idrees - Director


Mai Technologies Ltd. (Registered number: 07614846)

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

1. STATUTORY INFORMATION

Mai Technologies Ltd. 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 etc - 33% on cost and 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures Office &
and sundry
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 3,281 1,957 5,238
Additions - 1,358 1,358
At 31 March 2024 3,281 3,315 6,596
DEPRECIATION
At 1 April 2023 1,937 927 2,864
Charge for year 269 844 1,113
At 31 March 2024 2,206 1,771 3,977
NET BOOK VALUE
At 31 March 2024 1,075 1,544 2,619
At 31 March 2023 1,344 1,030 2,374

Mai Technologies Ltd. (Registered number: 07614846)

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
£    £   
Directors' current accounts - 148

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 20,665 18,302
VAT 6,756 6,717
Directors' current accounts 134 -
Accrued expenses 1,656 1,440
29,211 26,459

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 1 100 100