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Company Registration No. 10517011 (England and Wales)
MAINTENANCE DIRECT LTD. Unaudited accounts for the year ended 31 December 2024
MAINTENANCE DIRECT LTD. Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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MAINTENANCE DIRECT LTD. Company Information for the year ended 31 December 2024
Directors
S Cook C Coles
Company Number
10517011 (England and Wales)
Registered Office
Citibase Suite 538 The Atrium 1 Harefield Road Uxbridge UB8 1PH
Accountants
Kaushik Khiroya, AFA LMK ACCOUNTING LTD THE GATEHOUSE GATEHOUSE WAY AYLESBURY HP19 8DB
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MAINTENANCE DIRECT LTD. Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
1,285
1,511
Current assets
Debtors
5
75,623
82,746
Cash at bank and in hand
319,678
258,139
395,301
340,885
Creditors: amounts falling due within one year
6
(347,725)
(327,431)
Net current assets
47,576
13,454
Net assets
48,861
14,965
Capital and reserves
Called up share capital
2
2
Profit and loss account
48,859
14,963
Shareholders' funds
48,861
14,965
For the year ending 31 December 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by
C Coles Director Company Registration No. 10517011
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MAINTENANCE DIRECT LTD. Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
MAINTENANCE DIRECT LTD. is a private company, limited by shares, registered in England and Wales, registration number 10517011. The registered office is Citibase Suite 538, The Atrium, 1 Harefield Road, Uxbridge, UB8 1PH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
15% - Reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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MAINTENANCE DIRECT LTD. Notes to the Accounts for the year ended 31 December 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Financial instruments are classified by the directors as basic or advanced following the condiTions in FRS 102 section 11. Basic financial instruments, which include trade and other receivables and payables, cash and bank balances, are amortised at cost. Advanced financial instruments which include interest rate swap and forward foreign exchange contracts, are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 January 2024
2,470
At 31 December 2024
2,470
Depreciation
At 1 January 2024
959
Charge for the year
226
At 31 December 2024
1,185
Net book value
At 31 December 2024
1,285
At 31 December 2023
1,511
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
74,567
81,690
Other debtors
1,056
1,056
75,623
82,746
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MAINTENANCE DIRECT LTD. Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
13,687
8,651
Trade creditors
35,793
55,789
Amounts owed to group undertakings and other participating interests
253,955
231,259
Taxes and social security
10,691
1,023
Other creditors
3,950
4,636
Accruals
29,649
26,073
347,725
327,431
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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