1 June 2023 false No description of principal activity Taxfiler 2024.6 09602622business:PrivateLimitedCompanyLtd2023-06-012024-05-31 096026222023-05-31 096026222023-06-012024-05-31 09602622business:AuditExempt-NoAccountantsReport2023-06-012024-05-31 09602622business:FilletedAccounts2023-06-012024-05-31 096026222024-05-31 09602622business:Director12023-06-012024-05-31 09602622business:RegisteredOffice2023-06-012024-05-31 096026222023-05-31 09602622core:WithinOneYear2024-05-31 09602622core:WithinOneYear2023-05-31 09602622core:AfterOneYear2024-05-31 09602622core:AfterOneYear2023-05-31 09602622core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 09602622core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 09602622core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 09602622core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 09602622core:PreviouslyStatedAmount2024-05-31 09602622core:PreviouslyStatedAmount2023-05-31 09602622business:SmallEntities2023-06-012024-05-31 09602622countries:EnglandWales2023-06-012024-05-31 09602622core:FurnitureFittings2023-06-012024-05-31 09602622core:ComputerEquipment2023-06-012024-05-31 09602622core:FurnitureFittings2023-05-31 09602622core:ComputerEquipment2023-05-31 09602622core:FurnitureFittings2024-05-31 09602622core:ComputerEquipment2024-05-31 096026222022-06-012023-05-31 iso4217:GBP xbrli:pure
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
Page
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Maveric Systems Limited Company Information for the year ended 31 May 2024
Director
Mr P Katuri
Company Number
09602622 (England and Wales)
Registered Office
232 Rydal Drive Bexleyheath DA7 5DG
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Maveric Systems Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,331 
7,369 
Current assets
Debtors
81,107 
70,100 
Cash at bank and in hand
38,917 
62,082 
120,024 
132,182 
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)
Net assets
117,339 
73,446 
Capital and reserves
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
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Maveric Systems Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Additions
- 
3,336 
3,336 
At 31 May 2024
4,742 
9,535 
14,277 
Depreciation
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 
Net book value
At 31 May 2024
2,309 
6,022 
8,331 
At 31 May 2023
3,079 
4,290 
7,369 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
81,107 
70,100 
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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 
VAT
(307)
6,400 
Taxes and social security
32,543 
18,893 
Loans from directors
(37,643)
17,083 
1,993 
49,682 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
9,023 
16,423 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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