Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 05495890 Mr John P Hughes Mrs Michelle Hughes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05495890 2023-06-30 05495890 2024-06-30 05495890 2023-07-01 2024-06-30 05495890 frs-core:FurnitureFittings 2023-07-01 2024-06-30 05495890 frs-core:NetGoodwill 2023-07-01 2024-06-30 05495890 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05495890 frs-core:MotorVehicles 2023-07-01 2024-06-30 05495890 frs-core:PlantMachinery 2023-07-01 2024-06-30 05495890 frs-core:ShareCapital 2024-06-30 05495890 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 05495890 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05495890 frs-bus:AbridgedAccounts 2023-07-01 2024-06-30 05495890 frs-bus:SmallEntities 2023-07-01 2024-06-30 05495890 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05495890 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 05495890 frs-core:CostValuation 2023-06-30 05495890 frs-core:CostValuation 2024-06-30 05495890 frs-bus:Director1 2023-07-01 2024-06-30 05495890 frs-bus:Director2 2023-07-01 2024-06-30 05495890 frs-countries:EnglandWales 2023-07-01 2024-06-30 05495890 2022-06-30 05495890 2023-06-30 05495890 2022-07-01 2023-06-30 05495890 frs-core:ShareCapital 2023-06-30 05495890 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 05495890
Mayfair Contractors Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 June 2024
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—6
Page 1
Abridged Balance Sheet
Registered number: 05495890
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 15,505 28,749
Investments 6 6,000 6,000
21,505 34,749
CURRENT ASSETS
Stocks 13,646 16,969
Debtors 25,900 89,035
Cash at bank and in hand 131,300 90,286
170,846 196,290
Creditors: Amounts Falling Due Within One Year (41,995 ) (83,197 )
NET CURRENT ASSETS (LIABILITIES) 128,851 113,093
TOTAL ASSETS LESS CURRENT LIABILITIES 150,356 147,842
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,906 ) (4,344 )
NET ASSETS 148,450 143,498
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 148,350 143,398
SHAREHOLDERS' FUNDS 148,450 143,498
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For the year ending 30 June 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 June 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs Michelle Hughes
Director
30 January 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Mayfair Contractors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05495890 . The registered office is 127 Park Hill Road, Liverpool, L8 4RN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Services are provided over a short time period and therefore turnover from the rendering of services is recognised at the completion of the contract. Any costs incurred on uninvoiced work is carried forward.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation is charged as it consists of land
Plant & Machinery 20% per annum straight line basis
Motor Vehicles 25% per annum straight line basis
Fixtures & Fittings 33% per annum reducing balance basis
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis.
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2.6. Taxation
The tax charge represents the sum of the corporation tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 5)
4 5
4. Intangible Assets
Total
£
Cost
As at 1 July 2023 46,338
As at 30 June 2024 46,338
Amortisation
As at 1 July 2023 46,338
As at 30 June 2024 46,338
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 -
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5. Tangible Assets
Total
£
Cost
As at 1 July 2023 53,665
Disposals (7,178 )
As at 30 June 2024 46,487
Depreciation
As at 1 July 2023 24,916
Provided during the period 7,860
Disposals (1,794 )
As at 30 June 2024 30,982
Net Book Value
As at 30 June 2024 15,505
As at 1 July 2023 28,749
6. Investments
Total
£
Cost
As at 1 July 2023 6,000
As at 30 June 2024 6,000
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 6,000
As at 1 July 2023 6,000
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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8. Related Party Transactions
The following transactions occurred during the year between the Company and it's subsidiary, E. J. Tuck Limited:
Income was received from E. J. Tuck Limited amounting to £23,598 for management charges, £1,410 for expense recharges, dividend income of £34,000 and motor vehicle sale proceeds of £4,500.
Expenses of £80 were paid to to E. J. Tuck Limited for materials.
E. J. Tuck Limited owed Mayfair Contractors Limited £1,800 at 30 June 2024.
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