1 April 2024 false No description of principal activity Taxfiler 2024.6 12484876 business:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12484876 2024-03-31 12484876 2024-04-01 2025-03-31 12484876 business:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 12484876 business:FilletedAccounts 2024-04-01 2025-03-31 12484876 2025-03-31 12484876 business:Director1 2024-04-01 2025-03-31 12484876 business:RegisteredOffice 2024-04-01 2025-03-31 12484876 2024-03-31 12484876 core:WithinOneYear 2025-03-31 12484876 core:WithinOneYear 2024-03-31 12484876 core:ShareCapital core:PreviouslyStatedAmount 2025-03-31 12484876 core:ShareCapital core:PreviouslyStatedAmount 2024-03-31 12484876 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-03-31 12484876 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-03-31 12484876 core:PreviouslyStatedAmount 2025-03-31 12484876 core:PreviouslyStatedAmount 2024-03-31 12484876 business:SmallEntities 2024-04-01 2025-03-31 12484876 countries:EnglandWales 2024-04-01 2025-03-31 12484876 core:PlantMachinery 2024-03-31 12484876 core:PlantMachinery 2024-04-01 2025-03-31 12484876 core:PlantMachinery 2025-03-31 12484876 core:AfterOneYear 2025-03-31 12484876 core:AfterOneYear 2024-03-31 12484876 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company Registration No. 12484876 (England and Wales)
Mayfs Paint Specialist Limited Unaudited accounts for the year ended 31 March 2025
Mayfs Paint Specialist Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Mayfs Paint Specialist Limited Company Information for the year ended 31 March 2025
Director
Philip Mayfield
Company Number
12484876 (England and Wales)
Registered Office
19-21 MAIN ROAD GEDLING NOTTINGHAM NG4 3HQ ENGLAND
Accountants
BFS Accountants Ltd Ransom Hall, Ransom Wood Business Park Southwell Road West Mansfield Nottinghamshire NG21 0HJ
- 3 -
Mayfs Paint Specialist Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
15,015
19,086
Current assets
Inventories
60,000
-
Debtors
5
2,021
10,803
Cash at bank and in hand
4,592
1,170
66,613
11,973
Creditors: amounts falling due within one year
6
(75,523)
(87,568)
Net current liabilities
(8,910)
(75,595)
Net assets/(liabilities)
6,105
(56,509)
Capital and reserves
Called up share capital
100
100
Profit and loss account
6,005
(56,609)
Shareholders' funds
6,105
(56,509)
For the year ending 31 March 2025 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 director acknowledges his 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 and authorised for issue on 7 July 2025 and were signed on its behalf by
Philip Mayfield Director Company Registration No. 12484876
- 4 -
Mayfs Paint Specialist Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Mayfs Paint Specialist Limited is a private company, limited by shares, registered in England and Wales, registration number 12484876. The registered office is 19-21 MAIN ROAD, GEDLING, NOTTINGHAM, NG4 3HQ, ENGLAND.
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.
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:
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 April 2024
23,857
Additions
700
At 31 March 2025
24,557
Depreciation
At 1 April 2024
4,771
Charge for the year
4,771
At 31 March 2025
9,542
Net book value
At 31 March 2025
15,015
At 31 March 2024
19,086
5
Debtors
2025
2024
£
£
Amounts falling due after more than one year
Other debtors
2,021
10,803
- 5 -
Mayfs Paint Specialist Limited Notes to the Accounts for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
19,197
45,525
Other creditors
(9,256)
-
Loans from directors
65,582
11,299
Accruals
-
30,744
75,523
87,568
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 6 -