Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-01false2general builders and joiners2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 4542264 2023-10-01 2024-09-30 4542264 2022-10-01 2023-09-30 4542264 2024-09-30 4542264 2023-09-30 4542264 2022-10-01 4542264 c:Director1 2023-10-01 2024-09-30 4542264 d:MotorVehicles 2023-10-01 2024-09-30 4542264 d:MotorVehicles 2024-09-30 4542264 d:MotorVehicles 2023-09-30 4542264 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 4542264 d:OfficeEquipment 2023-10-01 2024-09-30 4542264 d:OfficeEquipment 2024-09-30 4542264 d:OfficeEquipment 2023-09-30 4542264 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 4542264 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 4542264 d:CurrentFinancialInstruments 2024-09-30 4542264 d:CurrentFinancialInstruments 2023-09-30 4542264 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 4542264 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 4542264 d:ShareCapital 2024-09-30 4542264 d:ShareCapital 2023-09-30 4542264 d:RetainedEarningsAccumulatedLosses 2024-09-30 4542264 d:RetainedEarningsAccumulatedLosses 2023-09-30 4542264 c:FRS102 2023-10-01 2024-09-30 4542264 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 4542264 c:FullAccounts 2023-10-01 2024-09-30 4542264 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 4542264 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 4542264 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 4542264 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Registered number: 4542264





 
Maple Builders Ltd          
 
Financial statements          

For the year ended 30 September 2024          

 
Maple Builders Ltd
Registered number:4542264

Balance sheet
As at 30 September 2024


2024

2023
                                                                                  Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
5,136
6,241

Current assets
  

Stocks
 5 
102
85

Debtors: amounts falling due within one year
 6 
610
-

Cash at bank and in hand
 7 
25,908
28,566

  
26,620
28,651

Creditors: amounts falling due within one year
 8 
(21,425)
(18,244)

Net current assets
  
 
 
5,195
 
 
10,407

Total assets less current liabilities
  
10,331
16,648

Provisions for liabilities
  

Deferred tax
 9 
(1,285)
(1,316)

Net assets
  
 
 
9,046
 
 
15,332


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
8,946
15,232

  
9,046
15,332


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board; and were signed on its behalf on 28 April 2025.


I Howell
Director

The notes on pages 2 to 8 form part of these financial statements.
Page 1

 
Maple Builders Ltd
 
 
Notes to the financial statements
For the year ended 30 September 2024

1.


General information

Maple Builders Ltd is a private company limited by shares, incorporated in England and Wales. Its registered office is Construction House, Runwell Road, Wickford, Essex, SS11 7HQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

 
Maple Builders Ltd
 
 
Notes to the financial statements
For the year ended 30 September 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided at the following rates:

Motor vehicles
-
25%
reducing balance
Plant and equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stock

Stock is stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.
At each balance sheet date, stock is assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Page 3

 
Maple Builders Ltd
 
 
Notes to the financial statements
For the year ended 30 September 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)

Financial instruments are recognised in the company's Balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
 
Page 4

 
Maple Builders Ltd
 
 
Notes to the financial statements
For the year ended 30 September 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)


Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. 

Page 5

 
Maple Builders Ltd
 
 
Notes to the financial statements
For the year ended 30 September 2024

2.Accounting policies (continued)

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.



3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Director
2
2

Page 6

 
Maple Builders Ltd
 
 
Notes to the financial statements
For the year ended 30 September 2024

4.


Tangible fixed assets





Motor vehicles
Plant and equipment
Total

£
£
£



Cost


At 1 October 2023
27,396
18,807
46,203


Additions
-
564
564



At 30 September 2024

27,396
19,371
46,767



Depreciation


At 1 October 2023
23,203
16,759
39,962


Charge for the year
1,048
621
1,669



At 30 September 2024

24,251
17,380
41,631



Net book value



At 30 September 2024
3,145
1,991
5,136



At 30 September 2023
4,193
2,048
6,241


5.


Stock

2024
2023
£
£

Raw materials and consumables
102
85





6.


Debtors

2024
2023
£
£


Trade debtors
257
-

Prepayments and accrued income
353
-

610
-


Page 7

 
Maple Builders Ltd
 
 
Notes to the financial statements
For the year ended 30 September 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
25,908
28,566



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
111

Corporation tax
14,651
11,152

Other taxation
3,204
3,789

Other creditors
1,420
1,042

Accruals
2,150
2,150

21,425
18,244



9.


Deferred taxation




2024
2023


£

£






At beginning of year
1,316
1,685


Released during the year
(31)
(369)



At end of year
1,285
1,316

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
1,285
1,316

 
Page 8