Company Registration No. 09602622 (England and Wales)
Maveric Systems Limited
Unaudited accounts
for the year ended 31 May 2024
Maveric Systems Limited
Unaudited accounts
Contents
Maveric Systems Limited
Company Information
for the year ended 31 May 2024
Company Number
09602622 (England and Wales)
Registered Office
232 Rydal Drive
Bexleyheath
DA7 5DG
Maveric Systems Limited
Statement of financial position
as at 31 May 2024
Tangible assets
8,331
7,369
Cash at bank and in hand
38,917
62,082
Creditors: amounts falling due within one year
(1,993)
(49,682)
Net current assets
118,031
82,500
Total assets less current liabilities
126,362
89,869
Creditors: amounts falling due after more than one year
(9,023)
(16,423)
Called up share capital
2
2
Profit and loss account
117,337
73,444
Shareholders' funds
117,339
73,446
For the year ending 31 May 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 January 2025 and were signed on its behalf by
Mr P Katuri
Director
Company Registration No. 09602622
Maveric Systems Limited
Notes to the Accounts
for the year ended 31 May 2024
Maveric Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 09602622. The registered office is 232 Rydal Drive , Bexleyheath, DA7 5DG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reduce balance basis
Computer equipment
25% reduce balance basis
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
4,742
6,199
10,941
At 31 May 2024
4,742
9,535
14,277
At 1 June 2023
1,663
1,909
3,572
Charge for the year
770
1,604
2,374
At 31 May 2024
2,433
3,513
5,946
At 31 May 2024
2,309
6,022
8,331
At 31 May 2023
3,079
4,290
7,369
Amounts falling due after more than one year
Amounts due from group undertakings etc.
81,107
70,100
Maveric Systems Limited
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,400
7,306
Taxes and social security
32,543
18,893
Loans from directors
(37,643)
17,083
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).