Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30No description of principal activityfalse2023-05-01false5528truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13316736 2023-05-01 2024-04-30 13316736 2022-05-01 2023-04-30 13316736 2024-04-30 13316736 2023-04-30 13316736 2022-05-01 13316736 c:Director1 2023-05-01 2024-04-30 13316736 d:Buildings d:LongLeaseholdAssets 2023-05-01 2024-04-30 13316736 d:Buildings d:LongLeaseholdAssets 2024-04-30 13316736 d:Buildings d:LongLeaseholdAssets 2023-04-30 13316736 d:Buildings d:ShortLeaseholdAssets 2023-05-01 2024-04-30 13316736 d:Buildings d:ShortLeaseholdAssets 2024-04-30 13316736 d:Buildings d:ShortLeaseholdAssets 2023-04-30 13316736 d:PlantMachinery 2023-05-01 2024-04-30 13316736 d:PlantMachinery 2024-04-30 13316736 d:PlantMachinery 2023-04-30 13316736 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 13316736 d:FurnitureFittings 2023-05-01 2024-04-30 13316736 d:FurnitureFittings 2024-04-30 13316736 d:FurnitureFittings 2023-04-30 13316736 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 13316736 d:OfficeEquipment 2023-05-01 2024-04-30 13316736 d:OfficeEquipment 2024-04-30 13316736 d:OfficeEquipment 2023-04-30 13316736 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 13316736 d:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 13316736 d:OtherPropertyPlantEquipment 2024-04-30 13316736 d:OtherPropertyPlantEquipment 2023-04-30 13316736 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 13316736 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 13316736 d:CurrentFinancialInstruments 2024-04-30 13316736 d:CurrentFinancialInstruments 2023-04-30 13316736 d:Non-currentFinancialInstruments 2024-04-30 13316736 d:Non-currentFinancialInstruments 2023-04-30 13316736 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 13316736 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 13316736 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 13316736 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 13316736 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 13316736 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 13316736 d:ShareCapital 2024-04-30 13316736 d:ShareCapital 2022-05-01 2023-04-30 13316736 d:ShareCapital 2023-04-30 13316736 d:ShareCapital 2022-05-01 13316736 d:SharePremium 2024-04-30 13316736 d:SharePremium 2022-05-01 2023-04-30 13316736 d:SharePremium 2023-04-30 13316736 d:SharePremium 2022-05-01 13316736 d:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 13316736 d:RetainedEarningsAccumulatedLosses 2024-04-30 13316736 d:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 13316736 d:RetainedEarningsAccumulatedLosses 2023-04-30 13316736 d:RetainedEarningsAccumulatedLosses 2022-05-01 13316736 c:FRS102 2023-05-01 2024-04-30 13316736 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 13316736 c:FullAccounts 2023-05-01 2024-04-30 13316736 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13316736 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 13316736









MAYAHUEL LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
MAYAHUEL LTD
REGISTERED NUMBER: 13316736

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
535,154
620,719

  
535,154
620,719

Current assets
  

Stocks
  
29,740
21,352

Debtors: amounts falling due within one year
 5 
126,871
94,297

Cash at bank and in hand
 6 
176,906
130,756

  
333,517
246,405

Creditors: amounts falling due within one year
 7 
(579,304)
(648,056)

Net current liabilities
  
 
 
(245,787)
 
 
(401,651)

Total assets less current liabilities
  
289,367
219,068

Creditors: amounts falling due after more than one year
 8 
(57,045)
(56,251)

  

Net assets
  
232,322
162,817


Capital and reserves
  

Called up share capital 
  
102,528
102,528

Share premium account
  
387,612
387,612

Profit and loss account
  
(257,818)
(327,323)

  
232,322
162,817


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
MAYAHUEL LTD
REGISTERED NUMBER: 13316736
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Ana Lucia Alonso
Director

Date: 23 January 2025

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 

 
MAYAHUEL LTD


 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024



Called up share capital
Share premium account
Profit and loss account
Total equity


£
£
£
£



At 1 May 2022
1,528
387,612
(101,451)
287,689





Loss for the year
-
-
(225,872)
(225,872)


Shares issued during the year
101,000
-
-
101,000





At 1 May 2023
102,528
387,612
(327,323)
162,817





Profit for the year
-
-
69,505
69,505



At 30 April 2024
102,528
387,612
(257,818)
232,322



The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
MAYAHUEL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Mayahuel Ltd is a private company, limited by shares, registered in England and Wales. The company's
registered number and registered office address are as below:
Registered number: 13316736
Registered office:C/O Pbsl, The Courtyard, 14a Sydenham Road, Croydon, United Kingdom, CR0 2EE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

Page 4

 
MAYAHUEL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
Short-term leasehold property
-
10%
Plant and machinery
-
25%
Fixtures and fittings
-
25%
Office equipment
-
25%
Other fixed assets
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 5

 
MAYAHUEL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 55 (2023 - 28).


4.


Tangible fixed assets





Long-term leasehold property
Short-term leasehold property
Plant and machinery
Fixtures and fittings
Office equipment

£
£
£
£
£



Cost or valuation


At 1 May 2023
18,389
438,099
122,072
84,787
23,029


Additions
-
-
6,243
13,348
4,319



At 30 April 2024

18,389
438,099
128,315
98,135
27,348



Depreciation


At 1 May 2023
1,576
37,487
28,015
19,552
3,001


Charge for the year on owned assets
1,839
43,810
30,998
21,482
6,731



At 30 April 2024

3,415
81,297
59,013
41,034
9,732



Net book value
Page 6

 
MAYAHUEL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

           4.Tangible fixed assets (continued)




At 30 April 2024
14,974
356,802
69,302
57,101
17,616



At 30 April 2023
16,813
400,613
94,057
65,235
20,028

Other fixed assets
Total

£
£



Cost or valuation


At 1 May 2023
29,745
716,121


Additions
1,350
25,260



At 30 April 2024

31,095
741,381



Depreciation


At 1 May 2023
5,772
95,403


Charge for the year on owned assets
5,964
110,824



At 30 April 2024

11,736
206,227



Net book value



At 30 April 2024
19,359
535,154



At 30 April 2023
23,973
620,719


5.


Debtors

2024
2023
£
£


Trade debtors
10,905
26,600

Other debtors
70,209
61,608

Called up share capital not paid
1,140
1,140

Prepayments and accrued income
44,617
4,949

126,871
94,297


Page 7

 
MAYAHUEL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
176,906
130,756

176,906
130,756



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
74,313
140,862

Other taxation and social security
113,684
137,273

Other creditors
361,413
343,226

Accruals and deferred income
29,894
26,695

579,304
648,056



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
57,045
56,251

57,045
56,251


Page 8

 
MAYAHUEL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£



Amounts falling due 2-5 years

Other loans
57,045
56,251


57,045
56,251


57,045
56,251


 
Page 9