Mair & Co Ltd
Registered number: 07562745
Statement of Financial Position
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 4 - 164
Current assets
Debtors 5 - 2,847
Cash at bank and in hand 289 712
289 3,559
Creditors: amounts falling due within one year 6 - (3,359)
Net current assets 289 200
Net assets 289 364
Capital and reserves
Called up share capital 100 100
Profit and loss account 189 264
Shareholders' funds 289 364
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T A Mair
Director
Approved by the board on 11 April 2025
Mair & Co Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Going concern
The company ceased trading on 31 March 2025 and the financial statements have been prepared on a basis other than the going concern basis. The basis includes, where applicable, writing the company’s assets down to net realisable value. Provisions have also been made in respect of contracts which have become onerous at the reporting date.
No provision has been made for future costs of terminating the business unless such costs were committed at the reporting date.
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 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.
Tangible fixed assets
Tangible fixed assets are measured at realisable value. Depreciation has been charged as detailed below.
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Exceptional items 2025 2024
£ £
Write off loan with connected company (1,630) -
(1,630) -
3 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 925
Disposals (925)
At 31 March 2025 -
Depreciation
At 1 April 2024 761
Charge for the year 55
On disposals (816)
At 31 March 2025 -
Net book value
At 31 March 2025 -
At 31 March 2024 164
5 Debtors 2025 2024
£ £
Trade debtors - 2,502
Other debtors - 345
- 2,847
6 Creditors: amounts falling due within one year 2025 2024
£ £
Accruals - 499
Other creditors - 2,860
- 3,359
7 Other information
Mair & Co Ltd is a private company limited by shares and incorporated in England. Its registered office is:
12 Copped Hall Drive
Camberley
Surrey
GU15 1NP
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