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Registered number: 04697574
MAPLEWOOD INVESTMENTS LTD
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04697574
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 151,200 151,200
Tangible Assets 5 58,689 64,307
209,889 215,507
CURRENT ASSETS
Stocks 6 21,646 41,255
Debtors 7 190,833 61,691
Cash at bank and in hand 35,002 160,460
247,481 263,406
Creditors: Amounts Falling Due Within One Year 8 (277,910 ) (304,110 )
NET CURRENT ASSETS (LIABILITIES) (30,429 ) (40,704 )
TOTAL ASSETS LESS CURRENT LIABILITIES 179,460 174,803
Creditors: Amounts Falling Due After More Than One Year 9 (79,840 ) (92,176 )
NET ASSETS 99,620 82,627
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 99,520 82,527
SHAREHOLDERS' FUNDS 99,620 82,627
Page 1
Page 2
For the year ending 30 September 2024 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 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms TINUOLA AGBEJULE
Director
04/06/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MAPLEWOOD INVESTMENTS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 04697574 . The registered office is 22, GIFFORD ROAD, BENFLEET, SS7 5XU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Reducing
Plant & Machinery Reducing
Motor Vehicles Reducing
Fixtures & Fittings Reducing
Computer Equipment Straight Line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 8)
8 8
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 252,000
As at 30 September 2024 252,000
Amortisation
As at 1 October 2023 100,800
As at 30 September 2024 100,800
Net Book Value
As at 30 September 2024 151,200
As at 1 October 2023 151,200
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 October 2023 26,231 106,320 19,938 6,298
Additions - - - 2,029
As at 30 September 2024 26,231 106,320 19,938 8,327
Depreciation
As at 1 October 2023 - 84,536 6,893 3,051
Provided during the period - 4,357 2,609 1,319
As at 30 September 2024 - 88,893 9,502 4,370
Net Book Value
As at 30 September 2024 26,231 17,427 10,436 3,957
As at 1 October 2023 26,231 21,784 13,045 3,247
Computer Equipment Total
£ £
Cost
As at 1 October 2023 - 158,787
Additions 638 2,667
As at 30 September 2024 638 161,454
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 October 2023 - 94,480
Provided during the period - 8,285
As at 30 September 2024 - 102,765
Net Book Value
As at 30 September 2024 638 58,689
As at 1 October 2023 - 64,307
6. Stocks
2024 2023
£ £
Finished goods 21,646 41,255
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 132,546 22,272
VAT 58,084 39,419
Other taxes and social security 203 -
190,833 61,691
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 58,131 78,952
Bank loans and overdrafts 7,075 42,889
Corporation tax 5,929 3,592
Other taxes and social security - 810
Other creditors 3,000 -
Other creditors (4) - 4,524
Directors' loan accounts 203,775 173,343
277,910 304,110
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 79,840 92,176
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5