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REGISTERED NUMBER: 10737733 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

MAPTIO LTD

MAPTIO LTD (REGISTERED NUMBER: 10737733)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MAPTIO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: T Nixon
Ms S Saidou-Babio





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 10737733 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

MAPTIO LTD (REGISTERED NUMBER: 10737733)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 118,867 104,866

CURRENT ASSETS
Debtors 4 382 5,080
Cash at bank 16,241 36,787
16,623 41,867
CREDITORS
Amounts falling due within one year 5 26,923 31,907
NET CURRENT (LIABILITIES)/ASSETS (10,300 ) 9,960
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,567

114,826

CREDITORS
Amounts falling due after more than one
year

6

913

1,438
NET ASSETS 107,654 113,388

CAPITAL AND RESERVES
Called up share capital 1 1
Share premium 126,074 126,074
Retained earnings (18,421 ) (12,687 )
107,654 113,388

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 27 January 2025 and were signed on its behalf by:





T Nixon - Director


MAPTIO LTD (REGISTERED NUMBER: 10737733)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

3. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 May 2023 126,920
Additions 29,659
At 30 April 2024 156,579
AMORTISATION
At 1 May 2023 22,054
Amortisation for year 15,658
At 30 April 2024 37,712
NET BOOK VALUE
At 30 April 2024 118,867
At 30 April 2023 104,866

MAPTIO LTD (REGISTERED NUMBER: 10737733)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax - 5,080
Prepayments 382 -
382 5,080

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 518 504
Trade creditors 22,800 27,900
Directors' loan accounts 2,561 2,561
Accrued expenses 1,044 942
26,923 31,907

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 518 505
Bank loans - 2-5 years 395 933
913 1,438

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, T Nixon's loan to the company remained unchanged. As at 30 April 2024, the company owed him £2,161 (2023: £2,161).

Also during the year, Ms S Saidou-Babio's loan to the company remained unchanged. As at 30 April 2024, the company owed her £400 (2023: £400).

The balance on both of these loans represented the maximum amount outstanding during the year and the loans are interest free and repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T Nixon.

This was by virtue of his 85% holding of the issued share capital.