Silverfin false false 30/06/2024 01/07/2023 30/06/2024 M Clogg 14/10/2015 R C Holbert 21/06/2007 L Mitchener 01/03/2022 S J Mitchener 06/06/2007 S R Reynolds 06/06/2007 Mrs Susan Jane Mitchener 03 March 2025 The principal activity of the Company during the financial year was design and construction of skateparks. 06202977 2024-06-30 06202977 bus:Director1 2024-06-30 06202977 bus:Director2 2024-06-30 06202977 bus:Director3 2024-06-30 06202977 bus:Director4 2024-06-30 06202977 bus:Director5 2024-06-30 06202977 2023-06-30 06202977 core:CurrentFinancialInstruments 2024-06-30 06202977 core:CurrentFinancialInstruments 2023-06-30 06202977 core:Non-currentFinancialInstruments 2024-06-30 06202977 core:Non-currentFinancialInstruments 2023-06-30 06202977 core:ShareCapital 2024-06-30 06202977 core:ShareCapital 2023-06-30 06202977 core:RetainedEarningsAccumulatedLosses 2024-06-30 06202977 core:RetainedEarningsAccumulatedLosses 2023-06-30 06202977 core:PlantMachinery 2023-06-30 06202977 core:Vehicles 2023-06-30 06202977 core:FurnitureFittings 2023-06-30 06202977 core:OfficeEquipment 2023-06-30 06202977 core:ComputerEquipment 2023-06-30 06202977 core:PlantMachinery 2024-06-30 06202977 core:Vehicles 2024-06-30 06202977 core:FurnitureFittings 2024-06-30 06202977 core:OfficeEquipment 2024-06-30 06202977 core:ComputerEquipment 2024-06-30 06202977 core:CostValuation 2023-06-30 06202977 core:CostValuation 2024-06-30 06202977 bus:OrdinaryShareClass1 2024-06-30 06202977 bus:OrdinaryShareClass2 2024-06-30 06202977 2023-07-01 2024-06-30 06202977 bus:FilletedAccounts 2023-07-01 2024-06-30 06202977 bus:SmallEntities 2023-07-01 2024-06-30 06202977 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 06202977 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06202977 bus:Director1 2023-07-01 2024-06-30 06202977 bus:Director2 2023-07-01 2024-06-30 06202977 bus:Director3 2023-07-01 2024-06-30 06202977 bus:Director4 2023-07-01 2024-06-30 06202977 bus:Director5 2023-07-01 2024-06-30 06202977 bus:Director6 2023-07-01 2024-06-30 06202977 core:PlantMachinery core:TopRangeValue 2023-07-01 2024-06-30 06202977 core:Vehicles 2023-07-01 2024-06-30 06202977 core:FurnitureFittings core:TopRangeValue 2023-07-01 2024-06-30 06202977 core:OfficeEquipment 2023-07-01 2024-06-30 06202977 core:ComputerEquipment 2023-07-01 2024-06-30 06202977 2022-07-01 2023-06-30 06202977 core:PlantMachinery 2023-07-01 2024-06-30 06202977 core:FurnitureFittings 2023-07-01 2024-06-30 06202977 core:Non-currentFinancialInstruments 2023-07-01 2024-06-30 06202977 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 06202977 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 06202977 bus:OrdinaryShareClass2 2023-07-01 2024-06-30 06202977 bus:OrdinaryShareClass2 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 06202977 (England and Wales)

MAVERICK INDUSTRIES LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

MAVERICK INDUSTRIES LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

MAVERICK INDUSTRIES LIMITED

BALANCE SHEET

As at 30 June 2024
MAVERICK INDUSTRIES LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 286,493 208,657
Investments 4 100 100
286,593 208,757
Current assets
Stocks 5 202,035 75,000
Debtors 6 342,598 298,998
Cash at bank and in hand 455,809 232,216
1,000,442 606,214
Creditors: amounts falling due within one year 7 ( 414,958) ( 363,193)
Net current assets 585,484 243,021
Total assets less current liabilities 872,077 451,778
Creditors: amounts falling due after more than one year 8 ( 116,933) ( 100,774)
Net assets 755,144 351,004
Capital and reserves
Called-up share capital 9 400 400
Profit and loss account 754,744 350,604
Total shareholders' funds 755,144 351,004

For the financial 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.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Maverick Industries Limited (registered number: 06202977) were approved and authorised for issue by the Board of Directors on 03 March 2025. They were signed on its behalf by:

S J Mitchener
Director
MAVERICK INDUSTRIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
MAVERICK INDUSTRIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Maverick Industries Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit G2, Arena Business Park, Holyrood Close, Poole, BH17 7FJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 3 years straight line
Vehicles 25 % reducing balance
Fixtures and fittings 3 years straight line
Office equipment 25 % reducing balance
Computer equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 20 17

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Office equipment Computer equipment Total
£ £ £ £ £ £
Cost
At 01 July 2023 85,820 303,791 8,323 2,450 47,626 448,010
Additions 0 142,948 0 0 14,189 157,137
Disposals 0 ( 32,415) 0 0 0 ( 32,415)
At 30 June 2024 85,820 414,324 8,323 2,450 61,815 572,732
Accumulated depreciation
At 01 July 2023 78,384 120,869 7,887 752 31,461 239,353
Charge for the financial year 6,481 57,313 436 425 5,031 69,686
Disposals 0 ( 22,800) 0 0 0 ( 22,800)
At 30 June 2024 84,865 155,382 8,323 1,177 36,492 286,239
Net book value
At 30 June 2024 955 258,942 0 1,273 25,323 286,493
At 30 June 2023 7,436 182,922 436 1,698 16,165 208,657

4. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 July 2023 100 100
At 30 June 2024 100 100
Carrying value at 30 June 2024 100 100
Carrying value at 30 June 2023 100 100

5. Stocks

2024 2023
£ £
Stocks 202,035 75,000

6. Debtors

2024 2023
£ £
Trade debtors 177,391 208,595
Prepayments 35,953 33,937
Other debtors 129,254 56,466
342,598 298,998

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 55,474 69,555
Corporation tax 197,817 60,338
Other taxation and social security 103,546 82,583
Obligations under finance leases and hire purchase contracts 12,515 7,071
Other creditors 45,606 143,646
414,958 363,193

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Obligations under finance leases and hire purchase contracts 116,933 100,774

The hire purchase contracts are secured against the assets to which they relate.

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
350 Ordinary shares of £ 1.00 each (2023: 400 shares of £ 1.00 each) 350 400
50 Ordinary A shares of £ 1.00 each (2023: nil shares) 50 0
400 400