REGISTERED NUMBER: 07859523 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

The Mapleleaf Practice Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

E J Storey

Ms S J Nicholas

REGISTERED OFFICE:

The Beeches

Station Road

Knaresborough

North Yorkshire

HG5 9AA

REGISTERED NUMBER:

07859523 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

Richmond House

Lawnswood Business Park

Redvers Close

Leeds

West Yorkshire

LS16 6QY

FIXED ASSETS

Intangible assets

4

124,873

142,926

Tangible assets

5

149,590

138,527

274,463

281,453

CURRENT ASSETS

Stocks

10,226

9,297

Debtors

6

85,540

107,534

Cash at bank and in hand

411,677

211,349

507,443

328,180

CREDITORS

Amounts falling due within one year

7

127,471

67,468

NET CURRENT ASSETS

379,972

260,712

TOTAL ASSETS LESS CURRENT LIABILITIES

654,435

542,165

CREDITORS

Amounts falling due after more than one year

8

(28,078

)

(897

)

PROVISIONS FOR LIABILITIES

(23,489

)

(20,163

)

NET ASSETS

602,868

521,105

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

602,768

521,005

SHAREHOLDERS' FUNDS

602,868

521,105

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2025 and were signed on its behalf by:

E J Storey - Director

1.	STATUTORY INFORMATION

The Mapleleaf Practice 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 represents net invoiced sales of services excluding value added tax. Revenue is recognised when the company obtains the right to receive consideration for services provided.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

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.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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.

Financial instruments

Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with charges recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

361,078

AMORTISATION

At 1 April 2024

218,152

Charge for year

18,053

At 31 March 2025

236,205

NET BOOK VALUE

At 31 March 2025

124,873

At 31 March 2024

142,926

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

244,066

62,155

23,454

329,675

Additions

6,379

40,450

-

46,829

At 31 March 2025

250,445

102,605

23,454

376,504

DEPRECIATION

At 1 April 2024

144,695

27,193

19,260

191,148

Charge for year

15,864

18,853

1,049

35,766

At 31 March 2025

160,559

46,046

20,309

226,914

NET BOOK VALUE

At 31 March 2025

89,886

56,559

3,145

149,590

At 31 March 2024

99,371

34,962

4,194

138,527

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

62,155

Additions

40,450

At 31 March 2025

102,605

DEPRECIATION

At 1 April 2024

27,193

Charge for year

18,853

At 31 March 2025

46,046

NET BOOK VALUE

At 31 March 2025

56,559

At 31 March 2024

34,962

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

85,540

107,534

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts (see note 9)

5,675

10,758

Taxation and social security

40,931

27,732

Other creditors

80,865

28,978

127,471

67,468

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts (see note 9)

28,078

897

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

31.3.25

31.3.24

£

£

Net obligations repayable:

Within one year

5,675

10,758

Between one and five years

28,078

897

33,753

11,655

Non-cancellable operating

leases

31.3.25

31.3.24

£

£

Within one year

13,500

13,500

Between one and five years

54,000

54,000

In more than five years

95,125

108,625

162,625

176,125

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

E J Storey and Ms S J Nicholas

Balance outstanding at start of year

45,519

2,584

Amounts advanced

39,106

57,474

Amounts repaid

(84,625

)

(14,539

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

45,519

Directors loan account is repayable on demand.