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REGISTERED NUMBER: 05624472 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

MAEVE CONTRACTORS LIMITED

MAEVE CONTRACTORS LIMITED (REGISTERED NUMBER: 05624472)






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


MAEVE CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr A D Mackenzie
Mr C I M Kennedy





SECRETARY: Mr C I M Kennedy





REGISTERED OFFICE: Unit 1
5 Eastfields Avenue
Wandsworth
London
SW18 1FU





REGISTERED NUMBER: 05624472 (England and Wales)





ACCOUNTANTS: TaxAgility Limited
34 Lower Richmond Road
Putney
London
SW15 1JP

MAEVE CONTRACTORS LIMITED (REGISTERED NUMBER: 05624472)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 89,061 67,363

CURRENT ASSETS
Inventories 619,000 612,500
Debtors 5 2,844,363 3,684,583
Investments 6 797,500 463,900
Cash at bank 3,048,776 2,918,747
7,309,639 7,679,730
CREDITORS
Amounts falling due within one year 7 (1,865,107 ) (2,320,499 )
NET CURRENT ASSETS 5,444,532 5,359,231
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,533,593

5,426,594

CREDITORS
Amounts falling due after more than one year 8 (76,860 ) (95,069 )

PROVISIONS FOR LIABILITIES (16,922 ) (12,799 )
NET ASSETS 5,439,811 5,318,726

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 9 5,439,809 5,318,724
SHAREHOLDERS' FUNDS 5,439,811 5,318,726

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.

MAEVE CONTRACTORS LIMITED (REGISTERED NUMBER: 05624472)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by:




Mr C I M Kennedy - Director



Mr A D Mackenzie - Director


MAEVE CONTRACTORS LIMITED (REGISTERED NUMBER: 05624472)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Maeve Contractors 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
Revenue 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.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

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 inventories to their present location and condition.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

MAEVE CONTRACTORS LIMITED (REGISTERED NUMBER: 05624472)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 39,340 321,607 360,947
Additions 1,800 62,197 63,997
At 31 March 2024 41,140 383,804 424,944
DEPRECIATION
At 1 April 2023 39,340 254,244 293,584
Charge for year 124 42,175 42,299
At 31 March 2024 39,464 296,419 335,883
NET BOOK VALUE
At 31 March 2024 1,676 87,385 89,061
At 31 March 2023 - 67,363 67,363

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2,175,766 3,101,875
Amounts owed by group undertakings - 1,222
Other debtors 668,597 581,486
2,844,363 3,684,583

6. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Unlisted investments 797,500 463,900

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 167,845 101,942
Trade creditors 1,276,312 1,351,669
Taxation and social security 354,886 844,809
Other creditors 66,064 22,079
1,865,107 2,320,499

MAEVE CONTRACTORS LIMITED (REGISTERED NUMBER: 05624472)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 76,860 95,069

9. RESERVES
Retained
earnings
£   

At 1 April 2023 5,318,724
Profit for the year 457,707
Dividends (336,622 )
At 31 March 2024 5,439,809

10. RELATED PARTY DISCLOSURES

It is confirmed that the director’s current accounts are debited with personal transactions and credited with
director’s remuneration as well as dividends.

It is confirmed the loan is unsecured, interest free and no repayment terms have been agreed.

The balances owing to the directors are as below:

Mr A Mackenzie: £5,117.06 (2023: 835.03)
Mr C Kennedy: £5,128.92 (2023: 840.96)

AXIS PROPERTY SOLUTIONS LIMITED (09341486)

Amount receivable from the above entity towards loans advanced at the year end date was £727,500 (2023: £463,900) in which Maeve Contractors Limited is a 20% shareholder.

MAEVE HOLDINGS LTD (13738781)

Dividend amount of £336,622 was paid to this company during the year (2023: £549,424)

11. ULTIMATE CONTROLLING PARTY

The company is controlled by Maeve Holdings Ltd which owns 100% of the share capital .