IRIS Accounts Production v24.3.2.46 06805622 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh068056222023-05-31068056222024-05-31068056222023-06-012024-05-31068056222022-05-31068056222022-06-012023-05-31068056222023-05-3106805622ns15:EnglandWales2023-06-012024-05-3106805622ns14:PoundSterling2023-06-012024-05-3106805622ns10:Director12023-06-012024-05-3106805622ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3106805622ns10:SmallEntities2023-06-012024-05-3106805622ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3106805622ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3106805622ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3106805622ns10:FullAccounts2023-06-012024-05-3106805622ns10:Director22023-06-012024-05-3106805622ns10:RegisteredOffice2023-06-012024-05-3106805622ns5:CurrentFinancialInstruments2024-05-3106805622ns5:CurrentFinancialInstruments2023-05-3106805622ns5:Non-currentFinancialInstruments2024-05-3106805622ns5:Non-currentFinancialInstruments2023-05-3106805622ns5:ShareCapital2024-05-3106805622ns5:ShareCapital2023-05-3106805622ns5:RetainedEarningsAccumulatedLosses2024-05-3106805622ns5:RetainedEarningsAccumulatedLosses2023-05-3106805622ns5:PlantMachinery2023-06-012024-05-3106805622ns5:PlantMachinery2023-05-3106805622ns5:PlantMachinery2024-05-3106805622ns5:PlantMachinery2023-05-3106805622ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-05-3106805622ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-06-012024-05-3106805622ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-05-3106805622ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-05-3106805622ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3106805622ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3106805622ns10:Director222023-05-3106805622ns10:Director222022-05-3106805622ns10:Director222023-06-012024-05-3106805622ns10:Director222022-06-012023-05-3106805622ns10:Director222024-05-3106805622ns10:Director222023-05-31068056221ns10:Director12023-05-31068056221ns10:Director12022-05-31068056221ns10:Director12023-06-012024-05-31068056221ns10:Director12022-06-012023-05-31068056221ns10:Director12024-05-31068056221ns10:Director12023-05-31
REGISTERED NUMBER: 06805622 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

MAP CONTRACT SERVICES LIMITED

MAP CONTRACT SERVICES LIMITED (REGISTERED NUMBER: 06805622)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAP CONTRACT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: M A Creed
P M Hookway





REGISTERED OFFICE: Contract House
1A Bates Industrial Estate
Church Road
Harold Wood
Essex
RM3 0HU





REGISTERED NUMBER: 06805622 (England and Wales)

MAP CONTRACT SERVICES LIMITED (REGISTERED NUMBER: 06805622)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 55,577 27,261

CURRENT ASSETS
Debtors 5 153,688 191,031
Cash at bank and in hand 80,099 66,149
233,787 257,180
CREDITORS
Amounts falling due within one year 6 126,443 103,782
NET CURRENT ASSETS 107,344 153,398
TOTAL ASSETS LESS CURRENT
LIABILITIES

162,921

180,659

CREDITORS
Amounts falling due after more than
one year

7

(6,500

)

(12,761

)

PROVISIONS FOR LIABILITIES (14,727 ) (6,815 )
NET ASSETS 141,694 161,083

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 141,692 161,081
SHAREHOLDERS' FUNDS 141,694 161,083

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

MAP CONTRACT SERVICES LIMITED (REGISTERED NUMBER: 06805622)

BALANCE SHEET - continued
31ST MAY 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 28th January 2025 and were signed on its behalf by:





P M Hookway - Director


MAP CONTRACT SERVICES LIMITED (REGISTERED NUMBER: 06805622)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024


1. STATUTORY INFORMATION

MAP Contract Services Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06805622 and the registered office address is Contract House 1a Bates Industrial Estate, Church Road, Harold Wood, Essex, England, RM3 0HU.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which includes trade and other debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that as a result of one or more events that occurred after an initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.


MAP CONTRACT SERVICES LIMITED (REGISTERED NUMBER: 06805622)

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


2. ACCOUNTING POLICIES - continued

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset in its entirety to an unrelated third party.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors and preference shares classed as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Derecognition of financial liabilities
Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire

Equity Instruments
Equity instruments issued by the company are recorded at the fair value of proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

MAP CONTRACT SERVICES LIMITED (REGISTERED NUMBER: 06805622)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2023 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1st June 2023 69,981
Additions 35,644
At 31st May 2024 105,625
DEPRECIATION
At 1st June 2023 42,720
Charge for year 7,328
At 31st May 2024 50,048
NET BOOK VALUE
At 31st May 2024 55,577
At 31st May 2023 27,261

MAP CONTRACT SERVICES LIMITED (REGISTERED NUMBER: 06805622)

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


4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st June 2023
and 31st May 2024 23,119
DEPRECIATION
At 1st June 2023 13,366
Charge for year 2,438
At 31st May 2024 15,804
NET BOOK VALUE
At 31st May 2024 7,315
At 31st May 2023 9,753

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 149,969 180,477
Other debtors 3,719 10,554
153,688 191,031

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,000 6,544
Hire purchase contracts 1,880 3,673
Trade creditors 45,188 31,153
Taxation and social security 66,986 60,322
Other creditors 6,389 2,090
126,443 103,782

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,500 11,956
Hire purchase contracts - 805
6,500 12,761

MAP CONTRACT SERVICES LIMITED (REGISTERED NUMBER: 06805622)

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


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 1,880 4,478

The hire purchase debt is secured against the asset to which it relates.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st May 2024 and 31st May 2023:

2024 2023
£    £   
M A Creed
Balance outstanding at start of year 2,628 3,668
Amounts repaid (1,040 ) (1,040 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,588 2,628

P M Hookway
Balance outstanding at start of year 2,628 3,668
Amounts repaid (1,040 ) (1,040 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,588 2,628

The above loans were interest free and were repaid to the company on 31 July 2024.