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Registered number: 09224143

MAPS Financial Services Limited

ACCOUNTS
FOR THE YEAR ENDED 30/09/2024

Prepared By:
IUVO Services Limited
Chartered Accountants
10
The Crescent Little Leighs
Chelmford
Essex
CM3 1LY

MAPS Financial Services Limited

ACCOUNTS
FOR THE YEAR ENDED 30/09/2024
DIRECTORS
James Pearce
REGISTERED OFFICE
36 Moulsham Drive
Chelmsford
Essex
CM2 9PX
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09224143
ACCOUNTANTS
IUVO Services Limited
Chartered Accountants
10
The Crescent Little Leighs
Chelmford
Essex
CM3 1LY

MAPS Financial Services Limited

ACCOUNTS
FOR THEYEARENDED30/09/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

MAPS Financial Services Limited

BALANCE SHEET AT 30/09/2024
20242023
Notes££
FIXED ASSETS
Tangible assets34661,340
CURRENT ASSETS
Stock10,9159,940
Debtors563525,814
Cash at bank and in hand122,343122,613
133,893158,367
CREDITORS: Amounts falling due within one year613,80815,917
NET CURRENT ASSETS120,085142,450
TOTAL ASSETS LESS CURRENT LIABILITIES120,551143,790
PROVISIONS FOR LIABILITIES AND CHARGES7100300
NET ASSETS120,451143,490
CAPITAL AND RESERVES
Called up share capital811
Profit and loss account120,450143,489
SHAREHOLDERS' FUNDS120,451143,490
For the year ending 30/09/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 08/04/2025 and signed on their behalf by
.............................
James Pearce
Director

MAPS Financial Services Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/09/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinerystraight line 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20242023
No.No.
Average number of employees44

MAPS Financial Services Limited

3. TANGIBLE FIXED ASSETS
Plant and
MachineryTotal
££
Cost
At 01/10/20234,4644,464
At 30/09/20244,4644,464
Depreciation
At 01/10/20233,1243,124
For the year874874
At 30/09/20243,9983,998
Net Book Amounts
At 30/09/2024466466
At 30/09/20231,3401,340
4. STOCK 20242023
££
Stock comprises:
Work in progress10,9159,940
10,9159,940
5. DEBTORS 20242023
££
Amounts falling due within one year
Other debtors-24,972
Prepayments635842
63525,814
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax8,56310,715
PAYE control928944
Directors current account1,4801,290
Other creditors87118
Accruals2,7502,850
13,80815,917

MAPS Financial Services Limited

7. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation100300
100300
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11
9. CONTROLLING PARTY
The company is controlled by J Pearce the director.
10. RELATED PARTY TRANSACTIONS
At the year end date the company owed J Pearce £1,480 (2023: £1,290). This is included in creditors, is repayable on demand, and attracts no interest.