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REGISTERED NUMBER: 06607631 (England and Wales)



Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 June 2024

for

Maymist Limited

Maymist Limited (Registered number: 06607631)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


Maymist Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr Kabiru Adewale Anibaba
Ms Titilayo O Windapo





REGISTERED OFFICE: 30 Concord House
Coombe road
New Malden
KT3 4RJ





REGISTERED NUMBER: 06607631 (England and Wales)





ACCOUNTANTS: Argon & Krypton Consulting Ltd
(Chartered Certified Accountants & Tax Advisers)
Unit 6
Town Quay Wharf
Abbey Road
Barking
Essex
IG11 7BZ

Maymist Limited (Registered number: 06607631)

Report of the Directors
for the Year Ended 30 June 2024

The directors present their report with the financial statements of the company for the year ended 30 June 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of providing a bus service for "School Run". We pick up children from a pre-arranged point in the morning and drop them off at their school. At the end of the school day, we pick them up from school and drop them off at a designated location..

DIRECTORS
The directors set out in the table below have held office during the whole of the period from 1 July 2023 to the date of this report.

The directors shown below were in office at 30 June 2024 but did not hold any interest in the Ordinary shares of £1 each at 1 July 2023 or 30 June 2024.

Mr Kabiru Adewale Anibaba
Ms Titilayo O Windapo

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr Kabiru Adewale Anibaba - Director


7 March 2025

Maymist Limited (Registered number: 06607631)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 116,834 69,404

CURRENT ASSETS
Cash at bank 16,260 3,426

CREDITORS
Amounts falling due within one year 5 43,553 790
NET CURRENT (LIABILITIES)/ASSETS (27,293 ) 2,636
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,541

72,040

CREDITORS
Amounts falling due after more than one
year

6

(71,190

)

(83,995

)

ACCRUALS AND DEFERRED INCOME (267,191 ) (55,583 )
NET LIABILITIES (248,840 ) (67,538 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 7 (248,842 ) (67,540 )
SHAREHOLDERS' FUNDS (248,840 ) (67,538 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Maymist Limited (Registered number: 06607631)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2025 and were signed on its behalf by:





Mr Kabiru Adewale Anibaba - Director


Maymist Limited (Registered number: 06607631)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Maymist 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.

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.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Maymist Limited (Registered number: 06607631)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 298,256
Additions 82,957
At 30 June 2024 381,213
DEPRECIATION
At 1 July 2023 228,852
Charge for year 35,527
At 30 June 2024 264,379
NET BOOK VALUE
At 30 June 2024 116,834
At 30 June 2023 69,404

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 70 18
Trade creditors 2 1,990
Accountancy 1,921 1,921
VAT Due 41,560 (11,098 )
Social security and other taxes - 7,959
43,553 790

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Natwest Loan - (793 )
IWOCA/Black Horse 18,000 18,000
K Anibaba 8,190 8,190
Bounced Back Loan 45,000 45,000
Faidat Omobolanle Joseph - 13,598
71,190 83,995

Amounts falling due in more than five years:

Repayable by instalments
Bounced Back Loan 45,000 45,000

Maymist Limited (Registered number: 06607631)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. RESERVES
Retained
earnings
£   

At 1 July 2023 (67,540 )
Deficit for the year (181,302 )
At 30 June 2024 (248,842 )