Maitlands (GB) Limited,Ltd - AccountsLtd

Registered Number :

05127830

As at 31 December 2024

Maitlands (GB) Limited

Statement of Financial Position

2023

2024

Notes

Fixed assets

Property, plant and equipment

847,880

877,749

847,880

877,749

Current assets

Inventories

141,185

123,902

Trade and other receivables

663,962

733,453

689,342

Cash and cash equivalents

742,331

1,599,686

1,494,489

Trade and other payables: amounts falling due within one year

(517,694)

(597,164)

976,795

1,002,522

Net current assets

Total assets less current liabilities

1,850,402

1,854,544

Trade and other payables: amounts falling due after more than

one year

(366,044)

(345,773)

(6,014)

Provisions for liabilities

1,498,615

Net assets

1,482,486

Capital and reserves

Called up share capital

55,003

Retained earnings

1,443,612

1,427,483

1,498,615

1,482,486

Shareholders' funds

For the year ended 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 of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Mr Anthony Ian Maitland Director

Mr Mark Owen Director

These financial statements were approved and authorised for issue by the Board on 29 September 2025 and were signed by:

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For the year ended 31 December 2024

Maitlands (GB) Limited

Notes to the Financial Statements

Statutory Information

Maitlands (GB) Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number

05127830.

Registered address:

11-14 Kempton Road

Keytec 7 Business Park

Pershore

Worcs

WR10 2TA

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting

Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.

The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain

assets.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, and value added tax. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership are transferred to the buyer. Turnover from the rendering of service is recognised by reference to the stage of completion of the contract. The stage of completion of contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Leasehold land and buildings over the lease termPlant & machinery over 5 yearsFixtures, fittings, tools and equipment over 3 yearsMotor vehicles over 3 years

Inventories

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related reveue is recognised.

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. 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.

Short term debtors

Short term debtors are measured at transaction price (usually the invoice price) less any impairment losses for bad and

doubful debts. Loans and other financial assets are initially recognised at transaction price including transaction costs and

subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad

and doubtful debts.

Short term creditors

Short term creditors are measured at transaction price (usually the invoice price). Loans and other financial liabilities are

initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined

using the effective interest method.

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For the year ended 31 December 2024

Maitlands (GB) Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Motor Vehicles

Plant and

Machinery

Land and

Buildings

Cost or valuation

At 01 January 2024

1,169,145

162,224

167,773

839,148

8,057

Additions

At 31 December 2024

839,148

175,830

162,224

1,177,202

Provision for depreciation and impairment

At 01 January 2024

291,396

106,452

159,297

25,647

Charge for year

37,926

27,886

9,219

821

At 31 December 2024

329,322

134,338

168,516

26,468

At 31 December 2024

Net book value

812,680

7,314

27,886

847,880

At 31 December 2023

813,501

8,476

55,772

877,749

3. Inventories

2023

2024

Stocks

123,902

141,185

4. Trade and other receivables

2023

2024

Trade debtors

581,951

606,799

Other debtors

151,502

57,163

663,962

733,453

5. Trade and other payables: amounts falling due within one year

2023

2024

Bank loans and overdraft (secured)

18,667

Bank loans and overdraft

1,044

Trade creditors

487,886

446,649

Taxation and social security

84,121

52,359

Other creditors

5,446

597,164

517,694

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