Maysan Foods Limited |
Registered number: |
00775739 |
Balance Sheet |
as at 30 September 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
324,909 |
|
|
296,068 |
Investments |
4 |
|
|
500,000 |
|
|
500,000 |
|
|
|
|
824,909 |
|
|
796,068 |
|
Current assets |
Stocks |
|
|
178,944 |
|
|
149,061 |
Debtors |
5 |
|
134,067 |
|
|
161,686 |
Cash at bank and in hand |
|
|
462,277 |
|
|
428,879 |
|
|
|
775,288 |
|
|
739,626 |
|
Creditors: amounts falling due within one year |
6 |
|
(155,355) |
|
|
(183,604) |
|
Net current assets |
|
|
|
619,933 |
|
|
556,022 |
|
Total assets less current liabilities |
|
|
|
1,444,842 |
|
|
1,352,090 |
|
|
Provisions for liabilities |
|
|
|
(125,399) |
|
|
(107,294) |
|
|
Net assets |
|
|
|
1,319,443 |
|
|
1,244,796 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
18 |
|
|
18 |
Capital redemption reserve |
7 |
|
|
17 |
|
|
17 |
Profit and loss account |
|
|
|
1,319,408 |
|
|
1,244,761 |
|
Shareholders' funds |
|
|
|
1,319,443 |
|
|
1,244,796 |
|
|
|
|
|
|
|
|
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 and delivered 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. |
|
|
|
Mrs D Harrison |
Director |
Approved by the board on 12 December 2024 |
|
Maysan Foods Limited |
Notes to the Accounts |
for the year ended 30 September 2024 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
|
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Land and buildings |
2% straight line |
|
Plant and machinery |
20% straight line |
|
Motor vehicles |
20% straight line |
|
|
Freehold investment property |
|
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account. No depreciation is provided in respect of investment properties. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Deferred taxation |
|
Full provision is made for deferred tax assets and liablities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
17 |
|
17 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
£ |
£ |
£ |
£ |
|
Cost |
|
At 1 October 2023 |
334,801 |
|
460,412 |
|
14,272 |
|
809,485 |
|
Additions |
- |
|
- |
|
42,018 |
|
42,018 |
|
Disposals |
- |
|
- |
|
(14,272) |
|
(14,272) |
|
At 30 September 2024 |
334,801 |
|
460,412 |
|
42,018 |
|
837,231 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2023 |
181,564 |
|
317,581 |
|
14,272 |
|
513,417 |
|
Charge for the year |
6,696 |
|
4,380 |
|
2,101 |
|
13,177 |
|
On disposals |
- |
|
- |
|
(14,272) |
|
(14,272) |
|
At 30 September 2024 |
188,260 |
|
321,961 |
|
2,101 |
|
512,322 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2024 |
146,541 |
|
138,451 |
|
39,917 |
|
324,909 |
|
At 30 September 2023 |
153,237 |
|
142,831 |
|
- |
|
296,068 |
|
|
4 |
Investments |
|
Other |
investments |
£ |
|
Cost |
|
At 1 October 2023 |
500,000 |
|
|
At 30 September 2024 |
500,000 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 October 2023 |
55,000 |
|
At 30 September 2024 |
55,000 |
|
|
|
|
|
|
|
|
|
|
|
The investment property, Abacus House, was built by the company in 1964. Originally used as a factory it became surplus to requirement and so was redeveloped into several rental spaces. The property was professionally revalued at 30th September 2024 at £450,000 by George F. White, Estate Agents. |
|
|
|
5 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Trade debtors |
117,296 |
|
141,876 |
|
Other debtors |
16,771 |
|
19,810 |
|
|
|
|
|
|
134,067 |
|
161,686 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Trade creditors |
64,288 |
|
89,391 |
|
Taxation and social security costs |
45,517 |
|
54,383 |
|
Other creditors |
45,550 |
|
39,830 |
|
|
|
|
|
|
155,355 |
|
183,604 |
|
|
|
|
|
|
|
|
|
|
7 |
Capital redemption reserve |
2024 |
|
2023 |
£ |
£ |
|
|
At 1 October 2023 |
17 |
|
17 |
|
|
At 30 September 2024 |
17 |
|
17 |
|
|
|
|
|
|
|
|
|
|
8 |
Other information |
|
|
Maysan Foods Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
|
Meadowfield Estate |
|
Ponteland |
|
Northumberland |
|
NE20 9SD |