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Company Registration No. 13294893 (England and Wales)
Maven Labs Ltd Unaudited accounts for the year ended 31 March 2024
Maven Labs Ltd Unaudited accounts Contents
Page
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Maven Labs Ltd Company Information for the year ended 31 March 2024
Director
Oluwapelumi Olufemi Aboluwarin
Company Number
13294893 (England and Wales)
Registered Office
6 Leominster Drive Oakwood Derby DE21 2RE UNITED KINGDOM
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Maven Labs Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,454 
6,456 
Investments
7,662 
7,662 
11,116 
14,118 
Current assets
Cash at bank and in hand
106,592 
62,378 
Creditors: amounts falling due within one year
(22,914)
(24,363)
Net current assets
83,678 
38,015 
Net assets
94,794 
52,133 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
94,793 
52,132 
Shareholders' funds
94,794 
52,133 
For the year ending 31 March 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 November 2024 and were signed on its behalf by
Oluwapelumi Olufemi Aboluwarin Director Company Registration No. 13294893
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Maven Labs Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Maven Labs Ltd is a private company, limited by shares, registered in England and Wales, registration number 13294893. The registered office is 6 Leominster Drive, Oakwood, Derby, DE21 2RE, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
7,215 
Additions
570 
At 31 March 2024
7,785 
Depreciation
At 1 April 2023
759 
Charge for the year
3,572 
At 31 March 2024
4,331 
Net book value
At 31 March 2024
3,454 
At 31 March 2023
6,456 
5
Investments
Other investments 
£ 
Valuation at 1 April 2023
7,662 
Valuation at 31 March 2024
7,662 
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Maven Labs Ltd Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
22,605 
20,026 
Other creditors
(71)
(2,903)
Loans from directors
(9,620)
7,240 
Accruals
10,000 
- 
22,914 
24,363 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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