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REGISTERED NUMBER: 13166438 (England and Wales)















MAIA WASTE LTD

Unaudited Financial Statements

for the Year Ended 31 January 2025






MAIA WASTE LTD (Registered number: 13166438)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAIA WASTE LTD

Company Information
for the Year Ended 31 January 2025







DIRECTOR: P Noble





REGISTERED OFFICE: Langham House
140 - 148 Westgate
Wakefield
West Yorkshire
WF2 9SR





REGISTERED NUMBER: 13166438 (England and Wales)





ACCOUNTANTS: Maclean & Company
1 Park View Court
St Paul's Road
Shipley
West Yorkshire
BD18 3DZ

MAIA WASTE LTD (Registered number: 13166438)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,434,439 739,957

CURRENT ASSETS
Stocks 275,000 105,000
Debtors 5 9,469 -
Cash at bank and in hand 208,595 99,770
493,064 204,770
CREDITORS
Amounts falling due within one year 6 566,544 267,006
NET CURRENT LIABILITIES (73,480 ) (62,236 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,360,959

677,721

CREDITORS
Amounts falling due after more than one
year

7

918,813

406,317
NET ASSETS 442,146 271,404

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 442,145 271,403
SHAREHOLDERS' FUNDS 442,146 271,404

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

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

MAIA WASTE LTD (Registered number: 13166438)

Balance Sheet - continued
31 January 2025


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 director and authorised for issue on 19 August 2025 and were signed by:





P Noble - Director


MAIA WASTE LTD (Registered number: 13166438)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

MAIA WASTE 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance

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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

MAIA WASTE LTD (Registered number: 13166438)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2024 783,565 7,838 49,000 840,403
Additions 792,260 7,417 - 799,677
At 31 January 2025 1,575,825 15,255 49,000 1,640,080
DEPRECIATION
At 1 February 2024 69,762 4,090 26,594 100,446
Charge for year 95,751 3,843 5,601 105,195
At 31 January 2025 165,513 7,933 32,195 205,641
NET BOOK VALUE
At 31 January 2025 1,410,312 7,322 16,805 1,434,439
At 31 January 2024 713,803 3,748 22,406 739,957

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 February 2024 390,368
Additions 418,520
Transfer to ownership (49,266 )
At 31 January 2025 759,622
DEPRECIATION
At 1 February 2024 32,942
Charge for year 68,953
Transfer to ownership (5,337 )
At 31 January 2025 96,558
NET BOOK VALUE
At 31 January 2025 663,064
At 31 January 2024 357,426

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 9,469 -

MAIA WASTE LTD (Registered number: 13166438)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 196,829 68,000
Hire purchase contracts 144,799 98,735
Trade creditors 162,273 65,430
Taxation 27,676 11,564
Other creditors 34,967 23,277
566,544 267,006

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Bank loans 504,717 178,833
Hire purchase contracts 414,096 227,484
918,813 406,317

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 46,375 -

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.25 31.1.24
£    £   
Bank loans 701,546 246,833

Bank borrowings are secured by a fixed and floating charge over all the assets of the company.