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Registered number: 10057444
Maple Wharf Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 10057444
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,254 1,805
2,254 1,805
CURRENT ASSETS
Debtors 5 60,149 26,230
Cash at bank and in hand 2,467 32,470
62,616 58,700
Creditors: Amounts Falling Due Within One Year 6 (45,803 ) (40,073 )
NET CURRENT ASSETS (LIABILITIES) 16,813 18,627
TOTAL ASSETS LESS CURRENT LIABILITIES 19,067 20,432
NET ASSETS 19,067 20,432
CAPITAL AND RESERVES
Called up share capital 100 100
Income Statement 18,967 20,332
SHAREHOLDERS' FUNDS 19,067 20,432
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Z Ahmed
Director
25/03/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Maple Wharf Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10057444 . The registered office is Office M-05, Millharbour Court, 6 Watergate Walk, London, E14 9XH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 33.33% straight line
Computer Equipment 33.33% straight line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.6. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 3)
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 2,414 5,340 7,754
Additions - 1,189 1,189
As at 31 March 2024 2,414 6,529 8,943
Depreciation
As at 1 April 2023 2,369 3,580 5,949
Provided during the period 45 695 740
As at 31 March 2024 2,414 4,275 6,689
Net Book Value
As at 31 March 2024 - 2,254 2,254
As at 1 April 2023 45 1,760 1,805
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 41,149 24,256
Amounts owed by participating interests - 1,263
Other debtors 19,000 711
60,149 26,230
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,026 10,260
Amounts owed to participating interests 10,103 -
Other creditors 6,029 4,266
Taxation and social security 22,645 25,547
45,803 40,073
7. Controlling Party
The ultimate controlling party is Mr Z Ahmed.
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