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REGISTERED NUMBER: 06703657 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

MAPS TRADING LIMITED

MAPS TRADING LIMITED (REGISTERED NUMBER: 06703657)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAPS TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTORS: P J Marston
S M Dunk
M Dunk





SECRETARY: P J Marston





REGISTERED OFFICE: 162-164 High Street
Rayleigh
Essex
SS6 7BS





REGISTERED NUMBER: 06703657 (England and Wales)





ACCOUNTANTS: ESW Chartered Accountants
162-164 High Street
Rayleigh
Essex
SS6 7BS

MAPS TRADING LIMITED (REGISTERED NUMBER: 06703657)

BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 84,697 62,984
Tangible assets 5 449,462 287,807
534,159 350,791

CURRENT ASSETS
Stocks 576,374 480,547
Debtors 6 302,424 292,633
Cash at bank and in hand 181,126 286,017
1,059,924 1,059,197
CREDITORS
Amounts falling due within one year 7 (605,594 ) (315,111 )
NET CURRENT ASSETS 454,330 744,086
TOTAL ASSETS LESS CURRENT
LIABILITIES

988,489

1,094,877

CREDITORS
Amounts falling due after more than one
year

8

(138,926

)

(178,933

)
NET ASSETS 849,563 915,944

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 849,463 915,844
SHAREHOLDERS' FUNDS 849,563 915,944

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

MAPS TRADING LIMITED (REGISTERED NUMBER: 06703657)

BALANCE SHEET - continued
31ST OCTOBER 2024


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 21st May 2025 and were signed on its behalf by:





P J Marston - Director


MAPS TRADING LIMITED (REGISTERED NUMBER: 06703657)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024

1. STATUTORY INFORMATION

MAPS Trading Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Intangible assets
Amortisation is provided at the following annual rate in order to w/off each asset over its estimated useful life.

Patents & Licences - Straight line over 20 years

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Improvements to property - Straight line over 10 years
Fixtures and fittings - 25% on reducing balance and 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


MAPS TRADING LIMITED (REGISTERED NUMBER: 06703657)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 74 (2023 - 61 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st November 2023 105,750
Additions 30,000
At 31st October 2024 135,750
AMORTISATION
At 1st November 2023 42,766
Charge for year 8,287
At 31st October 2024 51,053
NET BOOK VALUE
At 31st October 2024 84,697
At 31st October 2023 62,984

MAPS TRADING LIMITED (REGISTERED NUMBER: 06703657)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st November 2023 - 1,172,894 1,172,894
Additions 28,569 215,255 243,824
At 31st October 2024 28,569 1,388,149 1,416,718
DEPRECIATION
At 1st November 2023 - 885,087 885,087
Charge for year 2,857 79,312 82,169
At 31st October 2024 2,857 964,399 967,256
NET BOOK VALUE
At 31st October 2024 25,712 423,750 449,462
At 31st October 2023 - 287,807 287,807

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 302,424 292,633

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 70,000 78,141
Taxation and social security 113,462 130,367
Other creditors 422,132 106,603
605,594 315,111

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 46,667 116,667
Other creditors 92,259 62,266
138,926 178,933

MAPS TRADING LIMITED (REGISTERED NUMBER: 06703657)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 216,583 173,083
Between one and five years 602,750 479,750
In more than five years 183,479 88,021
1,002,812 740,854

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 116,667 194,808

A fixed and floating charge was registered on 4 December 2018 in favour of National Westminster Bank PLC over the assets of the company.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary A 1p 100 100

12. RESERVES
Retained
earnings
£   

At 1st November 2023 915,844
Deficit for the year (42,831 )
Dividends (23,550 )
At 31st October 2024 849,463

13. ULTIMATE CONTROLLING PARTY

There is no overall controlling party.