Company No:
Contents
DIRECTORS | Lisa Jane Pearcy |
Tom Alexander Pearcy |
REGISTERED OFFICE | Pippin House Bridge Garth |
Main Street | |
Heslington | |
York | |
YO10 5EB | |
United Kingdom |
COMPANY NUMBER | 07264520 (England and Wales) |
ACCOUNTANT | Morrell Middleton Auditors Ltd Chartered Certified Accountants |
Wellington House | |
Aviator Court | |
York | |
YO30 4UZ |
Note | 30.04.2024 | 31.07.2023 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 4 |
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754,781 | 737,154 | |||
Current assets | ||||
Stocks | 5 |
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Debtors | ||||
- due within one year | 6 |
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- due after more than one year | 6 |
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Cash at bank and in hand | 7 |
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2,861,818 | 2,370,753 | |||
Creditors: amounts falling due within one year | 8 | (
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Net current assets | 2,084,286 | 1,589,500 | ||
Total assets less current liabilities | 2,839,067 | 2,326,654 | ||
Provision for liabilities | 9, 10 | (
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Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account |
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Total shareholders' funds |
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Directors' responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of York Maze Limited (registered number:
Tom Alexander Pearcy
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.
York Maze Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Pippin House Bridge Garth, Main Street, Heslington, York, YO10 5EB, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
These financial statements are for the nine months ending 30 April 2024. The comparatives are for the twelve months ended 31 July 2023.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Goodwill |
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Other intangible assets |
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Land and buildings | 2.5 -
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Plant and machinery etc. | 20 -
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.
Period from 01.08.2023 to 30.04.2024 |
Year ended 31.07.2023 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the period, including directors |
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Goodwill | Other intangible assets | Total | |||
£ | £ | £ | |||
Cost | |||||
At 01 August 2023 |
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At 30 April 2024 |
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Accumulated amortisation | |||||
At 01 August 2023 |
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At 30 April 2024 |
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Net book value | |||||
At 30 April 2024 |
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At 31 July 2023 |
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Land and buildings | Plant and machinery etc. | Total | |||
£ | £ | £ | |||
Cost | |||||
At 01 August 2023 |
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Additions |
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Disposals |
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At 30 April 2024 |
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Accumulated depreciation | |||||
At 01 August 2023 |
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Charge for the financial period |
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Disposals |
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At 30 April 2024 |
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Net book value | |||||
At 30 April 2024 |
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At 31 July 2023 |
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30.04.2024 | 31.07.2023 | ||
£ | £ | ||
Stocks |
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30.04.2024 | 31.07.2023 | ||
£ | £ | ||
Debtors: amounts falling due within one year | |||
Trade debtors |
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Other debtors |
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Debtors: amounts falling due after more than one year | |||
Amounts owed by connected companies |
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30.04.2024 | 31.07.2023 | ||
£ | £ | ||
Cash at bank and in hand |
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Short-term deposits |
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1,365,347 | 2,071,644 |
30.04.2024 | 31.07.2023 | ||
£ | £ | ||
Trade creditors |
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Taxation and social security |
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Other creditors |
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30.04.2024 | 31.07.2023 | ||
£ | £ | ||
Deferred tax |
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30.04.2024 | 31.07.2023 | ||
£ | £ | ||
At the beginning of financial period/year | (
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Charged to the Statement of Income and Retained Earnings | (
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At the end of financial period/year | (
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