Company Registration No. 03152770 (England and Wales)
MAINTENANCE DIRECT INSURANCE SERVICES LTD.
Unaudited accounts
for the year ended 31 December 2024
MAINTENANCE DIRECT INSURANCE SERVICES LTD.
Unaudited accounts
Contents
MAINTENANCE DIRECT INSURANCE SERVICES LTD.
Company Information
for the year ended 31 December 2024
Company Number
03152770 (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
MAINTENANCE DIRECT INSURANCE SERVICES LTD.
Statement of financial position
as at 31 December 2024
Tangible assets
4,678
5,848
Cash at bank and in hand
94,588
106,865
Creditors: amounts falling due within one year
(128,733)
(118,208)
Net current assets
224,314
257,956
Total assets less current liabilities
228,994
263,806
Creditors: amounts falling due after more than one year
(5,000)
(15,000)
Net assets
223,994
248,806
Called up share capital
100
100
Profit and loss account
223,894
248,706
Shareholders' funds
223,994
248,806
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. 03152770
MAINTENANCE DIRECT INSURANCE SERVICES LTD.
Notes to the Accounts
for the year ended 31 December 2024
MAINTENANCE DIRECT INSURANCE SERVICES LTD. is a private company, limited by shares, registered in England and Wales, registration number 03152770. 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
20% - Reducing balance
Computer equipment
20% - Reducing balance
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.
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.
MAINTENANCE DIRECT INSURANCE SERVICES LTD.
Notes to the Accounts
for the year ended 31 December 2024
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 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
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
9,885
35,120
45,005
At 31 December 2024
9,885
35,120
45,005
At 1 January 2024
8,683
30,474
39,157
Charge for the year
241
929
1,170
At 31 December 2024
8,924
31,403
40,327
At 31 December 2024
961
3,717
4,678
At 31 December 2023
1,202
4,646
5,848
5
Investments
Subsidiary undertakings
Valuation at 1 January 2024
2
Valuation at 31 December 2024
2
Amounts falling due within one year
Amounts due from group undertakings etc.
253,955
231,259
Accrued income and prepayments
4,504
38,040
MAINTENANCE DIRECT INSURANCE SERVICES LTD.
Notes to the Accounts
for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Trade creditors
50,140
64,505
Taxes and social security
10,999
10,021
Other creditors
55,614
31,432
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).