1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 4,000 4,000 1,700 1,700 xbrli:pure xbrli:shares iso4217:GBP 08030158 2023-05-01 2024-04-30 08030158 2024-04-30 08030158 2023-04-30 08030158 2022-05-01 2023-04-30 08030158 2023-04-30 08030158 2022-04-30 08030158 core:PlantMachinery 2023-05-01 2024-04-30 08030158 bus:Director1 2023-05-01 2024-04-30 08030158 core:PlantMachinery 2024-04-30 08030158 core:WithinOneYear 2024-04-30 08030158 core:WithinOneYear 2023-04-30 08030158 core:AfterOneYear 2024-04-30 08030158 core:AfterOneYear 2023-04-30 08030158 core:RetainedEarningsAccumulatedLosses 2024-04-30 08030158 core:RetainedEarningsAccumulatedLosses 2023-04-30 08030158 bus:SmallEntities 2023-05-01 2024-04-30 08030158 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 08030158 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08030158 bus:CompanyLimitedByGuarantee 2023-05-01 2024-04-30 08030158 bus:FullAccounts 2023-05-01 2024-04-30 08030158 core:IntangibleAssetsOtherThanGoodwill 2023-05-01 2024-04-30 08030158 core:IntangibleAssetsOtherThanGoodwill 2024-04-30
COMPANY REGISTRATION NUMBER: 08030158
MaryDei Trust
Company Limited by Guarantee
Filleted Unaudited Financial Statements
30 April 2024
MaryDei Trust
Company Limited by Guarantee
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Current assets
Stocks
1,500
1,500
Cash at bank and in hand
2,270
4,319
-------
-------
3,770
5,819
Creditors: amounts falling due within one year
8
1,711
974
-------
-------
Net current assets
2,059
4,845
-------
-------
Total assets less current liabilities
2,059
4,845
Creditors: amounts falling due after more than one year
9
5,449
5,330
-------
-------
Net liabilities
( 3,390)
( 485)
-------
-------
Capital and reserves
Profit and loss account
( 3,390)
( 485)
-------
----
Members deficit
( 3,390)
( 485)
-------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
MaryDei Trust
Company Limited by Guarantee
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 27 January 2025 , and are signed on behalf of the board by:
Ms M Jones
Director
Company registration number: 08030158
MaryDei Trust
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Gwenallt, 14 Beacons Hill, Denbigh, LL163UA, Denbighshire.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Other intangible assets
-
25% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery
-
33% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
4. Company limited by guarantee
Mary Dei Trust is a private company Limited by Guarantee, with no share capital and has use of "Limited" exemptions,
5. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
6. Intangible assets
Intangible asset user defined 1
£
Cost
At 1 May 2023 and 30 April 2024
4,000
-------
Amortisation
At 1 May 2023 and 30 April 2024
4,000
-------
Carrying amount
At 30 April 2024
-------
At 30 April 2023
-------
7. Tangible assets
Plant and machinery
Total
£
£
Cost
At 1 May 2023 and 30 April 2024
1,700
1,700
-------
-------
Depreciation
At 1 May 2023 and 30 April 2024
1,700
1,700
-------
-------
Carrying amount
At 30 April 2024
-------
-------
At 30 April 2023
-------
-------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
707
Social security and other taxes
374
374
Other creditors
630
600
-------
----
1,711
974
-------
----
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
5,449
5,330
-------
-------