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REGISTERED NUMBER: 08395989 (England and Wales)














Unaudited Financial Statements

for the Year Ended 28 February 2025

for

MAE FINANCIAL LTD

MAE FINANCIAL LTD (REGISTERED NUMBER: 08395989)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 6

MAE FINANCIAL LTD

Company Information
for the Year Ended 28 February 2025







Director: M A Eager





Registered office: 43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH





Registered number: 08395989 (England and Wales)





Accountants: Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

MAE FINANCIAL LTD (REGISTERED NUMBER: 08395989)

Abridged Balance Sheet
28 February 2025

28/2/25 29/2/24
Notes £    £    £   
Fixed assets
Tangible assets 4 4,130 4,162

Current assets
Debtors 54,897 69,661
Cash at bank and in hand 11,878 14,185
66,775 83,846
Creditors
Amounts falling due within one year 49,475 59,668
Net current assets 17,300 24,178
Total assets less current liabilities 21,430 28,340

Creditors
Amounts falling due after more than one
year

5

(21,236

)

(28,000

)

Provisions for liabilities (13 ) (24 )
Net assets 181 316

Capital and reserves
Called up share capital 100 100
Retained earnings 81 216
Shareholders' funds 181 316

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MAE FINANCIAL LTD (REGISTERED NUMBER: 08395989)

Abridged Balance Sheet - continued
28 February 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 February 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 June 2025 and were signed by:





M A Eager - Director


MAE FINANCIAL LTD (REGISTERED NUMBER: 08395989)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

MAE Financial Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared under the going concern basis of accounting.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - not provided
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on cost

Improvements to property are not being depreciated as the director believes that there is no material change in the value of the improvements.

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.

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.

MAE FINANCIAL LTD (REGISTERED NUMBER: 08395989)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2024
and 28 February 2025 10,273
DEPRECIATION
At 1 March 2024 6,111
Charge for year 32
At 28 February 2025 6,143
NET BOOK VALUE
At 28 February 2025 4,130
At 29 February 2024 4,162

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
28/2/25 29/2/24
£    £   
Repayable by instalments
Bank loans 3,636 6,667

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

28/2/25 29/2/24
£    £   
M A Eager
Balance outstanding at start of year 63,292 54,798
Amounts advanced 47,807 70,269
Amounts repaid (63,292 ) (61,775 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 47,807 63,292

The above advances are charged at an interest rate of 2% per annum up to April 2023 and 2.25% thereafter. Loans are repayable on demand.

Accountants' Report to the Director
on the Unaudited Financial Statements of
MAE Financial Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MAE Financial Ltd for the year ended 28 February 2025 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of MAE Financial Ltd in accordance with the terms of our engagement letter dated 12 September 2022. Our work has been undertaken solely to prepare for your approval the financial statements of MAE Financial Ltd and state those matters that we have agreed to state to the director of MAE Financial Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that MAE Financial Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MAE Financial Ltd. You consider that MAE Financial Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MAE Financial Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH


26 June 2025