Company Registration No. 14695417 (England and Wales)
Maverik Machinery Ltd
Unaudited accounts
for the year ended 28 February 2025
Maverik Machinery Ltd
Unaudited accounts
Contents
Maverik Machinery Ltd
Company Information
for the year ended 28 February 2025
Company Number
14695417 (England and Wales)
Registered Office
6 Howard Crescent
Basildon
Essex
SS13 2AB
England
Accountants
Beckett Taylor Limited
63-66 Hatton Garden
London
EC1N 8LE
Maverik Machinery Ltd
Statement of financial position
as at 28 February 2025
Cash at bank and in hand
144,390
35,526
Creditors: amounts falling due within one year
(11,424)
(13,197)
Net current assets
149,664
22,329
Total assets less current liabilities
154,823
22,329
Creditors: amounts falling due after more than one year
(30,255)
-
Called up share capital
100
100
Profit and loss account
124,468
22,229
Shareholders' funds
124,568
22,329
For the year ending 28 February 2025 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 March 2025 and were signed on its behalf by
Mr A L Meeking
Director
Company Registration No. 14695417
Maverik Machinery Ltd
Notes to the Accounts
for the year ended 28 February 2025
Maverik Machinery Ltd is a private company, limited by shares, registered in England and Wales, registration number 14695417. The registered office is 6 Howard Crescent, Basildon, Essex, SS13 2AB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
4 year straight-line
Maverik Machinery Ltd
Notes to the Accounts
for the year ended 28 February 2025
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
-
5,214
Loans from directors
9,508
4,892
7
Creditors: amounts falling due after more than one year
2025
2024
Taxes and social security
30,255
-
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).