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REGISTERED NUMBER: 03335374 (England and Wales)















MAPLE FLEET SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






MAPLE FLEET SERVICES LIMITED (REGISTERED NUMBER: 03335374)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAPLE FLEET SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: I M Lennard
T Orton
Ms D K A Lusty
Ms C N Maple
A M Lennard





REGISTERED OFFICE: Maple House
Crown Royal Industrial Estate
Shawcross Street
Stockport
SK1 3EY





REGISTERED NUMBER: 03335374 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

MAPLE FLEET SERVICES LIMITED (REGISTERED NUMBER: 03335374)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 616,094 608,051

CURRENT ASSETS
Stocks 5 695,107 986,875
Debtors 6 847,135 1,015,328
Cash at bank and in hand 691,708 699,791
2,233,950 2,701,994
CREDITORS
Amounts falling due within one year 7 762,952 971,008
NET CURRENT ASSETS 1,470,998 1,730,986
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,087,092

2,339,037

CREDITORS
Amounts falling due after more than one
year

8

(205,856

)

(253,893

)

PROVISIONS FOR LIABILITIES 12 (140,428 ) (138,541 )
NET ASSETS 1,740,808 1,946,603

CAPITAL AND RESERVES
Called up share capital 13 120 120
Revaluation reserve 54,381 54,381
Retained earnings 1,686,307 1,892,102
SHAREHOLDERS' FUNDS 1,740,808 1,946,603

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.

MAPLE FLEET SERVICES LIMITED (REGISTERED NUMBER: 03335374)

BALANCE SHEET - continued
30 APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:




Ms D K A Lusty - Director



Ms C N Maple - Director


MAPLE FLEET SERVICES LIMITED (REGISTERED NUMBER: 03335374)

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


1. STATUTORY INFORMATION

Maple Fleet Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover 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.
Freehold property - 2% on cost
Plant and machinery - 33% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


MAPLE FLEET SERVICES LIMITED (REGISTERED NUMBER: 03335374)

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


2. ACCOUNTING POLICIES - continued
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.

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.

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 60 (2023 - 60 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 May 2023 85,881 890,394 508,571 1,484,846
Additions - 38,686 177,921 216,607
Disposals - (18,699 ) (163,074 ) (181,773 )
At 30 April 2024 85,881 910,381 523,418 1,519,680
DEPRECIATION
At 1 May 2023 16,157 613,903 246,735 876,795
Charge for year 630 76,004 101,037 177,671
Eliminated on disposal - (17,100 ) (133,780 ) (150,880 )
At 30 April 2024 16,787 672,807 213,992 903,586
NET BOOK VALUE
At 30 April 2024 69,094 237,574 309,426 616,094
At 30 April 2023 69,724 276,491 261,836 608,051

MAPLE FLEET SERVICES LIMITED (REGISTERED NUMBER: 03335374)

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


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 April 2024 is represented by:

Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
Valuation in 2021 54,381 - - 54,381
Cost 31,500 910,381 523,418 1,465,299
85,881 910,381 523,418 1,519,680

If freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 31,500 31,500

Freehold property was valued on an open market existing basis on 30 April 2019 by the directors .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST OR VALUATION
At 1 May 2023 376,408 307,421 683,829
Additions - 177,396 177,396
At 30 April 2024 376,408 484,817 861,225
DEPRECIATION
At 1 May 2023 210,109 86,448 296,557
Charge for year 31,608 90,690 122,298
At 30 April 2024 241,717 177,138 418,855
NET BOOK VALUE
At 30 April 2024 134,691 307,679 442,370
At 30 April 2023 166,299 220,973 387,272

5. STOCKS
2024 2023
£    £   
Stocks 695,107 986,875

MAPLE FLEET SERVICES LIMITED (REGISTERED NUMBER: 03335374)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 789,021 951,418
Prepayments 58,114 63,910
847,135 1,015,328

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 10,119 9,867
Hire purchase contracts (see note 10) 164,981 134,749
Trade creditors 310,829 394,188
Corporation tax 84,713 222,921
Social security and other taxes 39,323 39,143
Value added tax 105,168 123,369
Other creditors 26,047 23,610
Accruals and deferred income 21,772 23,161
762,952 971,008

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 15,659 25,778
Hire purchase contracts (see note 10) 190,197 228,115
205,856 253,893

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,119 9,867

Amounts falling due between one and two years:
Bank loans - 1-2 years 15,659 20,493

Amounts falling due between two and five years:
Bank loans - 2-5 years - 5,285

MAPLE FLEET SERVICES LIMITED (REGISTERED NUMBER: 03335374)

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


10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 164,981 134,749
Between one and five years 190,197 228,115
355,178 362,864

Non-cancellable operating leases
2024 2023
£    £   
Within one year 19,449 10,341
Between one and five years 10,350 -
29,799 10,341

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 355,178 362,864

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 140,428 138,541

Deferred
tax
£   
Balance at 1 May 2023 138,541
Charge to Statement of Income and Retained Earnings during year 1,887
Balance at 30 April 2024 140,428

MAPLE FLEET SERVICES LIMITED (REGISTERED NUMBER: 03335374)

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


13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
120 Ordinary £1 120 120

14. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors through their office and their shareholdings in the company.