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Company No: 07264520 (England and Wales)

YORK MAZE LIMITED

Unaudited Financial Statements
For the financial period from 01 August 2023 to 30 April 2024
Pages for filing with the registrar

YORK MAZE LIMITED

Unaudited Financial Statements

For the financial period from 01 August 2023 to 30 April 2024

Contents

YORK MAZE LIMITED

COMPANY INFORMATION

For the financial period from 01 August 2023 to 30 April 2024
YORK MAZE LIMITED

COMPANY INFORMATION (continued)

For the financial period from 01 August 2023 to 30 April 2024
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
YORK MAZE LIMITED

BALANCE SHEET

As at 30 April 2024
YORK MAZE LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 30.04.2024 31.07.2023
£ £
Fixed assets
Tangible assets 4 754,781 737,154
754,781 737,154
Current assets
Stocks 5 40,000 40,000
Debtors
- due within one year 6 552,696 259,109
- due after more than one year 6 903,775 0
Cash at bank and in hand 7 1,365,347 2,071,644
2,861,818 2,370,753
Creditors: amounts falling due within one year 8 ( 777,532) ( 781,253)
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 ( 160,536) ( 154,114)
Net assets 2,678,531 2,172,540
Capital and reserves
Called-up share capital 100 100
Profit and loss account 2,678,431 2,172,440
Total shareholders' funds 2,678,531 2,172,540

For the financial period 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:

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: 07264520) were approved and authorised for issue by the Board of Directors on 29 January 2025. They were signed on its behalf by:

Tom Alexander Pearcy
Director
YORK MAZE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 August 2023 to 30 April 2024
YORK MAZE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 August 2023 to 30 April 2024
1. Accounting policies

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.

General information and basis of accounting

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 £.

Reporting period length

These financial statements are for the nine months ending 30 April 2024. The comparatives are for the twelve months ended 31 July 2023.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

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

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

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.

Taxation

Current tax
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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Other intangible assets 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 2.5 - 25 % reducing balance
Plant and machinery etc. 20 - 25 % reducing balance
3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Leases

The Company as lessee
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.

Impairment of assets

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

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.

2. Employees

Period from
01.08.2023 to
30.04.2024
Year ended
31.07.2023
Number Number
Monthly average number of persons employed by the Company during the period, including directors 54 54

3. Intangible assets

Goodwill Other intangible assets Total
£ £ £
Cost
At 01 August 2023 534,000 116,000 650,000
At 30 April 2024 534,000 116,000 650,000
Accumulated amortisation
At 01 August 2023 534,000 116,000 650,000
At 30 April 2024 534,000 116,000 650,000
Net book value
At 30 April 2024 0 0 0
At 31 July 2023 0 0 0

4. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 August 2023 111,687 2,054,297 2,165,984
Additions 14,890 147,769 162,659
Disposals 0 ( 98,303) ( 98,303)
At 30 April 2024 126,577 2,103,763 2,230,340
Accumulated depreciation
At 01 August 2023 29,705 1,399,125 1,428,830
Charge for the financial period 6,642 133,511 140,153
Disposals 0 ( 93,424) ( 93,424)
At 30 April 2024 36,347 1,439,212 1,475,559
Net book value
At 30 April 2024 90,230 664,551 754,781
At 31 July 2023 81,982 655,172 737,154

5. Stocks

30.04.2024 31.07.2023
£ £
Stocks 40,000 40,000

6. Debtors

30.04.2024 31.07.2023
£ £
Debtors: amounts falling due within one year
Trade debtors 124,231 197,521
Other debtors 428,465 61,588
552,696 259,109
Debtors: amounts falling due after more than one year
Amounts owed by connected companies 903,775 0

7. Cash and cash equivalents

30.04.2024 31.07.2023
£ £
Cash at bank and in hand 41,992 2,071,644
Short-term deposits 1,323,355 0
1,365,347 2,071,644

8. Creditors: amounts falling due within one year

30.04.2024 31.07.2023
£ £
Trade creditors 31,200 210,351
Taxation and social security 286,507 126,310
Other creditors 459,825 444,592
777,532 781,253

9. Provision for liabilities

30.04.2024 31.07.2023
£ £
Deferred tax 160,536 154,114

10. Deferred tax

30.04.2024 31.07.2023
£ £
At the beginning of financial period/year ( 154,114) ( 107,930)
Charged to the Statement of Income and Retained Earnings ( 6,422) ( 46,184)
At the end of financial period/year ( 160,536) ( 154,114)