REGISTERED NUMBER: 10920364 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 SEPTEMBER 2023 TO 28 FEBRUARY 2025

FOR

MAY PROJECTS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M A Sunderland

REGISTERED OFFICE:

Aganan

Fair View

Dalton-In-Furness

Cumbria

LA15 8RZ

REGISTERED NUMBER:

10920364 (England and Wales)

BANKERS:

The Royal Bank of Scotland plc

Direct Business Banking

P O Box 5479

1 Spinningfields Square

Manchester

M61 0NH

FIXED ASSETS

Tangible assets

4

-

7,198

CURRENT ASSETS

Debtors

33,159

47,351

Cash at bank

2,489

1,681

35,648

49,032

CREDITORS

Amounts falling due within one year

8,323

38,648

NET CURRENT ASSETS

27,325

10,384

TOTAL ASSETS LESS CURRENT LIABILITIES

27,325

17,582

CREDITORS

Amounts falling due after more than one year

-

15,281

NET ASSETS

27,325

2,301

CAPITAL AND RESERVES

Called up share capital

5

2

2

Retained earnings

27,323

2,299

SHAREHOLDERS' FUNDS

27,325

2,301

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

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 Balance Sheet for the period 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 May 2025 and were signed by:

Mr M A Sunderland - Director

1.	STATUTORY INFORMATION

May Projects Limited 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.

Turnover

Turnover represents net invoiced sales of services as adjusted for accrued income, excluding VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

20% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2023

17,995

Disposals

(17,995

)

At 28 February 2025

-

DEPRECIATION

At 1 September 2023

10,797

Eliminated on disposal

(10,797

)

At 28 February 2025

-

NET BOOK VALUE

At 28 February 2025

-

At 31 August 2023

7,198

The net book value of tangible fixed assets includes £Nil (2023: £7,198) in respect of assets held under hire purchase agreements. The amount of depreciation in respect of such assets amounted to £Nil (2023 : £3,599) for the financial year.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

31.8.23

value:

£

£

2

Ordinary

£1

2

2

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 28 February 2025 and the year ended 31 August 2023:

28.2.25

31.8.23

£

£

Mr M A Sunderland

Balance outstanding at start of period

39,451

30,029

Amounts advanced

27,630

39,451

Amounts repaid

(39,451

)

(30,029

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

27,630

39,451

During the financial year the director was charged £1,114 (2023:£688) interest on a loan which is unsecured and repayable upon demand.

7.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr M A Sunderland and Mrs Y Sunderland.