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Company Registration No. 08499861 (England and Wales)
Maplefield Developments Limited Unaudited accounts for the year ended 30 April 2024
Maplefield Developments Limited Unaudited accounts Contents
Page
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Maplefield Developments Limited Company Information for the year ended 30 April 2024
Director
Dilip Girdharlal Dhanak
Company Number
08499861 (England and Wales)
Registered Office
13 Oakleigh Park South London N20 9JS United Kingdom
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Maplefield Developments Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,060 
2,747 
Current assets
Inventories
1,351,841 
1,715,723 
Debtors
10,918 
55,624 
Cash at bank and in hand
10,447 
3,328 
1,373,206 
1,774,675 
Creditors: amounts falling due within one year
(1,558,304)
(1,883,373)
Net current liabilities
(185,098)
(108,698)
Total assets less current liabilities
(183,038)
(105,951)
Creditors: amounts falling due after more than one year
(24,405)
(34,167)
Net liabilities
(207,443)
(140,118)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(207,444)
(140,119)
Shareholders' funds
(207,443)
(140,118)
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 January 2025 and were signed on its behalf by
Dilip Girdharlal Dhanak Director Company Registration No. 08499861
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Maplefield Developments Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Maplefield Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 08499861. The registered office is 13 Oakleigh Park South, London, N20 9JS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% straight line
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Maplefield Developments Limited Notes to the Accounts for the year ended 30 April 2024
Going concern
The accounts have been prepared on the going concern basis on the assumption of the continued support of the principal creditor.
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 May 2023
21,973 
At 30 April 2024
21,973 
Depreciation
At 1 May 2023
19,226 
Charge for the year
687 
At 30 April 2024
19,913 
Net book value
At 30 April 2024
2,060 
At 30 April 2023
2,747 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,500 
7,500 
Other debtors
3,418 
48,124 
10,918 
55,624 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
7,775 
2,301 
Taxes and social security
- 
4,773 
Other creditors
1,540,724 
1,874,912 
Loans from directors
7,435 
62 
Accruals
2,370 
1,325 
1,558,304 
1,883,373 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
24,405 
34,167 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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