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REGISTERED NUMBER: 03920317 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

MAPLELEAF CLEANERS LIMITED

MAPLELEAF CLEANERS LIMITED (REGISTERED NUMBER: 03920317)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


MAPLELEAF CLEANERS LIMITED (REGISTERED NUMBER: 03920317)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 47,047 70,849
47,047 70,849

CURRENT ASSETS
Debtors 6 96,924 71,226
Cash at bank 2,855 46,463
99,779 117,689
CREDITORS
Amounts falling due within one year 7 136,386 107,512
NET CURRENT (LIABILITIES)/ASSETS (36,607 ) 10,177
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,440

81,026

CREDITORS
Amounts falling due after more than one year 8 (10,177 ) (27,000 )

PROVISIONS FOR LIABILITIES (11,762 ) (17,750 )
NET (LIABILITIES)/ASSETS (11,499 ) 36,276

CAPITAL AND RESERVES
Called up share capital 10 100 101
Capital redemption reserve 1 -
Retained earnings (11,600 ) 36,175
SHAREHOLDERS' FUNDS (11,499 ) 36,276

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

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

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 26 April 2025 and were signed on its behalf by:




Mr N R Bunton - Director


MAPLELEAF CLEANERS LIMITED (REGISTERED NUMBER: 03920317)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Mapleleaf Cleaners Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03920317

Registered office: Ingram House
6 Meridian Way
Norwich
Norfolk
NR7 0TA

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.

The functional and presentation currency of these financial statements is pound sterling.

Going concern
As at 30 April 2024, the company had net current liabilities of £36,607 and net liabilities of £11,499. The deficit arises from an exceptional event outside of the company's control, which occurred during the year and resulted in the loss of funds. The company's underlying business activities are profitable and the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have therefore prepared the financial statements on a going concern basis.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible assets
Tangible assets are recorded at cost less accumulated depreciation. Cost includes the original purchase price of the asset plus costs attributable to bringing the asset to its working condition for its intended use. Land is not depreciated. Depreciation on other assets is charged from the time when tangible assets are brought into use and is calculated so as to write off the cost of fixed assets, less their estimated residual values, over the expected useful economic lives of the assets concerned. The principal annual rates used for this purpose are as follows:

Leasehold 20% Straight Line
Plant & Machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Balance


MAPLELEAF CLEANERS LIMITED (REGISTERED NUMBER: 03920317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
Taxation
The tax charge represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous periods.

A deferred tax asset or liability is recognised for tax recoverable or payable in future periods in respect of
transactions and events recognised in the financial statements of current and previous periods.

Deferred tax arises from timing differences that are differences between taxable profits and the company's results as stated in the financial statements. Timing differences result from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is recognised on all timing differences at the reporting date apart from certain exceptions.
Unrelieved tax losses and other deferred tax assets are only recognised 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 differences. Deferred tax relating to land and investment properties that is measured at fair value is measured using the tax rates and allowances that apply to the sale of the asset.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions are recognised as an expense when they are due. Amounts not paid are included in other creditors in the balance sheet.

3. EMPLOYEES

The average number of employees during the year was 45 (2023 - 103 ) .

4. INTANGIBLE ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 300,000
AMORTISATION
At 1 May 2023
and 30 April 2024 300,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

MAPLELEAF CLEANERS LIMITED (REGISTERED NUMBER: 03920317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 3,654 438,846 442,500
Additions - 1,157 1,157
Disposals - (35,995 ) (35,995 )
At 30 April 2024 3,654 404,008 407,662
DEPRECIATION
At 1 May 2023 3,654 367,997 371,651
Charge for year - 12,743 12,743
Eliminated on disposal - (23,779 ) (23,779 )
At 30 April 2024 3,654 356,961 360,615
NET BOOK VALUE
At 30 April 2024 - 47,047 47,047
At 30 April 2023 - 70,849 70,849

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023 11,500
Transfer to ownership (11,500 )
At 30 April 2024 -
DEPRECIATION
At 1 May 2023 6,110
Charge for year 1,348
Transfer to ownership (7,458 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 5,390

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 65,265 58,772
Other debtors 31,659 12,454
96,924 71,226

MAPLELEAF CLEANERS LIMITED (REGISTERED NUMBER: 03920317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 64,342 18,409
Hire purchase contracts - 1,932
Trade creditors 5,969 6,951
Taxation and social security 18,700 52,785
Other creditors 47,375 27,435
136,386 107,512

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 10,177 27,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 30,530 45,409
Hire purchase contracts - 1,932
30,530 47,341

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
1 Ordinary B £1 - 1
100 101

During the year, 1 Ordinary B £1 share was redeemed at par.

11. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £2,757 (2023 - £4,596).

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr N R Bunton and Mrs K E Bunton
Balance outstanding at start of year (767 ) (511 )
Amounts advanced 15,223 52,753
Amounts repaid (8,695 ) (53,009 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,761 (767 )

MAPLELEAF CLEANERS LIMITED (REGISTERED NUMBER: 03920317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr A E Bunton
Balance outstanding at start of year (463 ) (319 )
Amounts advanced 8,034 42,356
Amounts repaid (7,571 ) (42,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (463 )

Interest of £Nil (2023 - £80) was charged by the company, using HM Revenue & Customs published rates, on any beneficial overdrawn loan accounts.