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REGISTERED NUMBER: 04453482 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

MAYDAN LIMITED

MAYDAN LIMITED (REGISTERED NUMBER: 04453482)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MAYDAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mr E Gold





REGISTERED OFFICE: 869 High Road
London
N12 8QA





REGISTERED NUMBER: 04453482 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

MAYDAN LIMITED (REGISTERED NUMBER: 04453482)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,968 17,786
Tangible assets 5 42,925 64,248
52,893 82,034

CURRENT ASSETS
Stocks 6 49,622 38,847
Debtors 7 36,833 24,293
Cash at bank and in hand 13,486 24,074
99,941 87,214
CREDITORS
Amounts falling due within one year 8 109,665 109,159
NET CURRENT LIABILITIES (9,724 ) (21,945 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,169

60,089

CREDITORS
Amounts falling due after more than one
year

9

11,353

21,576
NET ASSETS 31,816 38,513

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 31,637 31,637
Retained earnings 79 6,776
SHAREHOLDERS' FUNDS 31,816 38,513

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 31 December 2024 and were signed by:




Mr E Gold - Director


MAYDAN LIMITED (REGISTERED NUMBER: 04453482)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Maydan 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.

The financial statements have been prepared on a going concern basis as the director is satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due.

TURNOVER
Turnover represents net invoiced sales of goods and provision of services, excluding value added tax.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in April 2015 is being amortised evenly over its estimated useful life of 10 years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - Over the life of the lease
Plant and machinery - 25% straight line method
Fixtures and fittings - 25% straight line method
Motor vehicles - 25% on reducing balance
Computer equipment - 25% straight line method

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 7 (2023 - 4 ) .

MAYDAN LIMITED (REGISTERED NUMBER: 04453482)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 78,181
AMORTISATION
At 1 July 2023 60,395
Charge for year 7,818
At 30 June 2024 68,213
NET BOOK VALUE
At 30 June 2024 9,968
At 30 June 2023 17,786

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 July 2023 88,364 16,535 19,445
Disposals - - -
At 30 June 2024 88,364 16,535 19,445
DEPRECIATION
At 1 July 2023 42,503 15,337 16,105
Charge for year 3,535 599 3,340
Eliminated on disposal - - -
At 30 June 2024 46,038 15,936 19,445
NET BOOK VALUE
At 30 June 2024 42,326 599 -
At 30 June 2023 45,861 1,198 3,340

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 31,509 2,953 158,806
Disposals (31,509 ) - (31,509 )
At 30 June 2024 - 2,953 127,297
DEPRECIATION
At 1 July 2023 18,216 2,397 94,558
Charge for year - 556 8,030
Eliminated on disposal (18,216 ) - (18,216 )
At 30 June 2024 - 2,953 84,372
NET BOOK VALUE
At 30 June 2024 - - 42,925
At 30 June 2023 13,293 556 64,248

MAYDAN LIMITED (REGISTERED NUMBER: 04453482)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. STOCKS
2024 2023
£    £   
Stocks 49,622 38,847

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,565 3,941
Other debtors 34,268 20,352
36,833 24,293

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,226 9,973
Hire purchase contracts (see note 10) - 20,698
Trade creditors 79,317 48,777
Taxation and social security 14,692 22,721
Other creditors 5,430 6,990
109,665 109,159

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,353 21,576

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year - 21,408

Finance charges repayable:
Within one year - 710

Net obligations repayable:
Within one year - 20,698

Non-cancellable operating leases
2024 2023
£    £   
Within one year 26,586 22,500
Between one and five years 99,194 90,000
In more than five years 341,250 363,750
467,030 476,250

MAYDAN LIMITED (REGISTERED NUMBER: 04453482)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 21,579 31,549

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mr E Gold
Balance outstanding at start of year (900 ) (14,776 )
Amounts advanced 42,605 56,093
Amounts repaid (18,680 ) (42,217 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,025 (900 )

Interest, at the official rate, amounting to £249 (2023:£nil) was charged on the loan during periods when it was overdrawn. The loan was repaid within nine months of the year end.

13. ULTIMATE CONTROLLING PARTY

During the period under review, the company was under the control of the director, Mr E Gold, by virtue of his 100% ownership of the issued share capital.