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Registered number: 09166522
Maytham Vascular Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09166522
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,022 7,659
5,022 7,659
CURRENT ASSETS
Debtors 5 10,333 10,462
Cash at bank and in hand 24,620 27,529
34,953 37,991
Creditors: Amounts Falling Due Within One Year 6 (28,812 ) (29,903 )
NET CURRENT ASSETS (LIABILITIES) 6,141 8,088
TOTAL ASSETS LESS CURRENT LIABILITIES 11,163 15,747
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,255 ) (1,838 )
NET ASSETS 9,908 13,909
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 9,808 13,809
SHAREHOLDERS' FUNDS 9,908 13,909
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Page 2
For the year ending 31 August 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
G Maytham
Director
8 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Maytham Vascular Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09166522 . The registered office is C/O BWBCA Limited Office 44, A30 Business Centre, Okehampton, Devon, EX20 1BG.
The presentation currency of the financial statements is the Pound Sterling (£).
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services.
2.3. 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
Fixtures & Fittings 20% on cost
Computer Equipment 25% on cost
2.4. 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 material 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.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 12,799 3,580 7,101 23,480
As at 31 August 2024 12,799 3,580 7,101 23,480
Depreciation
As at 1 September 2023 12,147 358 3,316 15,821
Provided during the period 159 716 1,762 2,637
As at 31 August 2024 12,306 1,074 5,078 18,458
Net Book Value
As at 31 August 2024 493 2,506 2,023 5,022
As at 1 September 2023 652 3,222 3,785 7,659
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 10,333 10,462
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 37 1,700
Other creditors 1,325 1,998
Taxation and social security 27,450 26,205
28,812 29,903
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
75 Ordinary A shares of £ 1.00 each 75 75
25 Ordinary B shares of £ 1.00 each 25 25
100 100
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