Silverfin false false 31/01/2025 01/02/2024 31/01/2025 K Bere 31/01/2017 J A Evans 31/01/2017 W J Reeves 31/01/2017 17 June 2025 The principal activity of the company during the year was providing topographical surveys to customers. 10593797 2025-01-31 10593797 bus:Director1 2025-01-31 10593797 bus:Director2 2025-01-31 10593797 bus:Director3 2025-01-31 10593797 2024-01-31 10593797 core:CurrentFinancialInstruments 2025-01-31 10593797 core:CurrentFinancialInstruments 2024-01-31 10593797 core:Non-currentFinancialInstruments 2025-01-31 10593797 core:Non-currentFinancialInstruments 2024-01-31 10593797 core:ShareCapital 2025-01-31 10593797 core:ShareCapital 2024-01-31 10593797 core:RetainedEarningsAccumulatedLosses 2025-01-31 10593797 core:RetainedEarningsAccumulatedLosses 2024-01-31 10593797 core:Vehicles 2024-01-31 10593797 core:FurnitureFittings 2024-01-31 10593797 core:Vehicles 2025-01-31 10593797 core:FurnitureFittings 2025-01-31 10593797 core:ImmediateParent core:CurrentFinancialInstruments 2025-01-31 10593797 core:ImmediateParent core:CurrentFinancialInstruments 2024-01-31 10593797 2024-02-01 2025-01-31 10593797 bus:FilletedAccounts 2024-02-01 2025-01-31 10593797 bus:SmallEntities 2024-02-01 2025-01-31 10593797 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 10593797 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 10593797 bus:Director1 2024-02-01 2025-01-31 10593797 bus:Director2 2024-02-01 2025-01-31 10593797 bus:Director3 2024-02-01 2025-01-31 10593797 core:Vehicles core:TopRangeValue 2024-02-01 2025-01-31 10593797 core:FurnitureFittings core:TopRangeValue 2024-02-01 2025-01-31 10593797 2023-02-01 2024-01-31 10593797 core:Vehicles 2024-02-01 2025-01-31 10593797 core:FurnitureFittings 2024-02-01 2025-01-31 10593797 core:CurrentFinancialInstruments 2024-02-01 2025-01-31 10593797 core:Non-currentFinancialInstruments 2024-02-01 2025-01-31 iso4217:GBP xbrli:pure

Company No: 10593797 (England and Wales)

MAPTEC SURVEYS LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar

MAPTEC SURVEYS LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

MAPTEC SURVEYS LIMITED

BALANCE SHEET

As at 31 January 2025
MAPTEC SURVEYS LIMITED

BALANCE SHEET (continued)

As at 31 January 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 137,470 146,320
137,470 146,320
Current assets
Debtors 4 108,819 231,674
Cash at bank and in hand 30,283 36,908
139,102 268,582
Creditors: amounts falling due within one year 5 ( 169,171) ( 182,508)
Net current (liabilities)/assets (30,069) 86,074
Total assets less current liabilities 107,401 232,394
Creditors: amounts falling due after more than one year 6 ( 55,019) ( 80,318)
Provision for liabilities 7 ( 22,380) ( 16,147)
Net assets 30,002 135,929
Capital and reserves
Called-up share capital 3 3
Profit and loss account 29,999 135,926
Total shareholder's funds 30,002 135,929

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Maptec Surveys Limited (registered number: 10593797) were approved and authorised for issue by the Board of Directors on 17 June 2025. They were signed on its behalf by:

K Bere
Director
MAPTEC SURVEYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
MAPTEC SURVEYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Maptec Surveys Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 5 Vantage Park Goodwood Drive, Sparkford, Yeovil, BA22 7FQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for surveys provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised in proportion to the completion of contracts.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either other debtors or other creditors in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 4 years straight line
Fixtures and fittings 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

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.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 9 9

3. Tangible assets

Vehicles Fixtures and fittings Total
£ £ £
Cost
At 01 February 2024 216,134 148,146 364,280
Additions 24,990 35,499 60,489
Disposals ( 16,003) 0 ( 16,003)
At 31 January 2025 225,121 183,645 408,766
Accumulated depreciation
At 01 February 2024 117,906 100,054 217,960
Charge for the financial year 45,537 23,802 69,339
Disposals ( 16,003) 0 ( 16,003)
At 31 January 2025 147,440 123,856 271,296
Net book value
At 31 January 2025 77,681 59,789 137,470
At 31 January 2024 98,228 48,092 146,320

4. Debtors

2025 2024
£ £
Trade debtors 57,798 92,681
Amounts owed by Parent undertakings 41,818 127,618
Other debtors 9,203 11,375
108,819 231,674

5. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans 8,512 8,049
Trade creditors 15,657 3,613
Taxation and social security 37,997 75,906
Obligations under finance leases and hire purchase contracts (secured) 53,584 40,029
Other creditors 53,421 54,911
169,171 182,508

Obligations under finance leases and hire purchase contracts are secured against the assets to which they relate.

6. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans 7,473 15,984
Obligations under finance leases and hire purchase contracts (secured) 47,546 64,334
55,019 80,318

Obligations under finance leases and hire purchase contracts are secured against the assets to which they relate.

7. Provision for liabilities

2025 2024
£ £
Deferred tax 22,380 16,147

8. Financial commitments

Other financial commitments

The total amount of financial commitments not included in the balance sheet is £330 (2024 - £990).

9. Ultimate controlling party

Parent Company:

Maptec Holdings Limited
Unit 5 Vantage Park Goodwood Drive, Sparkford, Yeovil, Somerset, England, BA22 7FQ.