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Registered number: 06642182
Maveric Impex Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
E Johnson & Associates Ltd
637 Green Lanes
London
N8 0RE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06642182
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 39,389 51,577
39,389 51,577
CURRENT ASSETS
Debtors 5 11,863 24,579
Cash at bank and in hand - 850
11,863 25,429
Creditors: Amounts Falling Due Within One Year 6 (27,783 ) (29,279 )
NET CURRENT ASSETS (LIABILITIES) (15,920 ) (3,850 )
TOTAL ASSETS LESS CURRENT LIABILITIES 23,469 47,727
Creditors: Amounts Falling Due After More Than One Year 7 (27,701 ) (44,609 )
NET (LIABILITIES)/ASSETS (4,232 ) 3,118
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account (5,232 ) 2,118
SHAREHOLDERS' FUNDS (4,232) 3,118
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For the year ending 31 July 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 Profit and Loss Account.
On behalf of the board
Mr D Prisecaru
Director
24th April 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Maveric Impex Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06642182 . The registered office is 45 St Andrews Avenue, Wembley, HA0 2QB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the going concern basis. This assumes that the company will continue in operational existence for the foreseeable future.
At the balance sheet date, the company's liabilities for the period from 1 August 2023 to 31 July 2024 exceed its assets. The director of the company has sought assurance from the creditors that their debts will not be called in within the next twelve months.
The director has been therefore deemed it appropriate that the financial statements be prepared on the going concern basis.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. 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:
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 25% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2023 60,250 19,213 4,839 84,302
Additions 458 - 484 942
As at 31 July 2024 60,708 19,213 5,323 85,244
Depreciation
As at 1 August 2023 16,507 13,134 3,084 32,725
Provided during the period 11,050 1,520 560 13,130
As at 31 July 2024 27,557 14,654 3,644 45,855
Net Book Value
As at 31 July 2024 33,151 4,559 1,679 39,389
As at 1 August 2023 43,743 6,079 1,755 51,577
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,606 1,369
Other debtors 8,257 23,210
11,863 24,579
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 10,607 12,411
Trade creditors 6,827 6,755
Bank loans and overdrafts 8,165 8,522
Other creditors 2,184 1,591
27,783 29,279
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 24,368 35,307
Bank loans 3,333 9,302
27,701 44,609
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8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,607 12,411
Later than one year and not later than five years 24,368 35,307
34,975 47,718
34,975 47,718
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1,000 Ordinary Shares of £ 1.00 each 1,000 1,000
10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid - 5,500
11. Related Party Transactions
During the year, no dividend was paid to the director.
12. Ultimate Controlling Party
The company's ultimate controlling party is Mr D Prisecaru by virtue of his ownership of 100% of the issued share capital in the company.
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