Maze Training Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04459231 (England and Wales)

MAZE TRAINING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

6

DIRECTOR:

Ms N S Fowler

SECRETARY:

Ms N S Fowler

REGISTERED OFFICE:

14 All Saints Street

Stamford

Lincolnshire

PE9 2PA

REGISTERED NUMBER:

04459231 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

14 All Saints Street

Stamford

Lincolnshire

PE9 2PA

FIXED ASSETS

Intangible assets

4

13,062

14,408

Property, plant and equipment

5

8,724

12,466

21,786

26,874

CURRENT ASSETS

Debtors

6

148,955

157,505

Cash at bank

-

16,952

148,955

174,457

CREDITORS

Amounts falling due within one year

7

61,148

51,782

NET CURRENT ASSETS

87,807

122,675

TOTAL ASSETS LESS CURRENT LIABILITIES

109,593

149,549

CREDITORS

Amounts falling due after more than one year

8

(10,000

)

(30,000

)

PROVISIONS FOR LIABILITIES

-

(3,116

)

NET ASSETS

99,593

116,433

CAPITAL AND RESERVES

Called up share capital

10

5,000

Retained earnings

94,593

111,433

SHAREHOLDERS' FUNDS

99,593

116,433

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 September 2025 and were signed by:

Ms N S Fowler - Director

1.	STATUTORY INFORMATION

Maze Training 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

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

Website

-

33% on cost

Office equipment

-

33% on cost and 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments

The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

21,151

Additions

3,605

At 31 December 2024

24,756

AMORTISATION

At 1 January 2024

6,743

Charge for year

4,951

At 31 December 2024

11,694

NET BOOK VALUE

At 31 December 2024

13,062

At 31 December 2023

14,408

5.	PROPERTY, PLANT AND EQUIPMENT

Office

Website

equipment

Totals

£

COST

At 1 January 2024

87,320

22,159

109,479

Additions

-

3,448

Disposals

-

(15,595

)

(15,595

)

At 31 December 2024

87,320

10,012

97,332

DEPRECIATION

At 1 January 2024

76,935

20,078

97,013

Charge for year

5,115

1,888

7,003

Eliminated on disposal

-

(15,408

)

(15,408

)

At 31 December 2024

82,050

6,558

88,608

NET BOOK VALUE

At 31 December 2024

5,270

3,454

8,724

At 31 December 2023

10,385

2,081

12,466

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

-

4,216

Amounts owed by group undertakings

148,955

148,706

Tax

-

4,583

148,955

157,505

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

26,939

20,000

Trade creditors

1,908

6,568

Other taxes and social security

8,258

8,424

Other creditors

392

-

Accruals and deferred income

23,651

16,790

61,148

51,782

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Bank loans - 1-2 years

10,000

20,000

Bank loans - 2-5 years

-

10,000

30,000

9.	SECURED DEBTS

NS Fowler has given a personal guarantee in respect of bank borrowings.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

1,000

Ordinary

£1

1,000

B Ordinary

£1

1,000

3,000

C Ordinary

£1

3,000

5,000

11.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Experience Amazing Results Limited, a company registered in the UK (13176843).