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Registered number:
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
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MAYA5 LIMITED
COMPANY INFORMATION
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MAYA5 LIMITED
CONTENTS
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MAYA5 LIMITED
GROUP STRATEGIC REPORT
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
The directors present their strategic report accompanying the financial statements for the year ended 30
September 2024.
Maya5 Limited continues to provide comprehensive MEP solutions primarily within the Greater London Commercial and Residential sectors, specializing in complex mechanical and electrical installations, design services, and project management.
The company is pleased to report another year of exceptional performance, driven by its strategic focus on quality over volume growth, operational efficiency, and disciplined cost control. This approach resulted in growth in pre-tax profits (up 4.2%). Despite ongoing challenges within the construction industry, including economic uncertainties and sector-wide pressures, Maya5 has successfully maintained its market position through its disciplined approach to high- quality, well-margined projects and robust client relationships. The company continues to invest in Research and Development expenditure and apprenticeship programmes, fostering innovative solutions and developing the next generation of industry talent. The company's strong financial position, combined with a healthy pipeline of opportunities across both commercial refurbishment projects and residential developments, positions Maya5 well to capitalse on market opportunities while maintaining its commitment to profitable and sustainable growth.
Maya5 Ltd Ownership Consolidation:
Maya5 Ltd has secured the acquisition of the remaining 25% shareholding in Gloster MEP Ltd through a structured share purchase agreement. This strategic consolidation to 100% ownership provides enhanced operational control and positions the group to fully capitalise on Gloster MEP's strong performance and growth trajectory. The acquisition is being settled through a deferred payment structure, enabling efficient capital allocation while maintaining strong liquidity for operational requirements. Portfolio Optimisation: Maya5 Ltd has developed strategic partnership and shareholding arrangements with portfolio companies, including a successful buy-back programme with Gloster S-WORX Ltd. This collaborative approach enables Maya5 Ltd to support the growth and independence of specialist businesses while generating consistent cash flows to fund the group's core MEP development activities. These partnerships and shareholding arrangements demonstrate the group's ability to create value through strategic relationships while optimising capital allocation across the portfolio. European Market Expansion: Maya5 Ltd's investment in European operations through Gloster MEP (Global) Ltd and Gloster MEP GmbH demonstrates the group's commitment to international growth within the expanding datacentre sector. These Irish and German-based subsidiaries leverage the group's established MEP expertise to serve the growing European datacentre market, providing geographic diversification and access to high-value engineering projects across the region. This expansion positions the group to capitalise on the significant growth in European datacentre infrastructure investment.
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MAYA5 LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
In the current economic climate, the significant principal risks and uncertainties we face beyond the standard industry resource constraints are as follows;
Liquidity Control: The company closely manages its cash position through daily monitoring and monthly cashflow forecasting. Liquidity is sustained through accurate forecasting and retained profits, without reliance on external financing. A robust balance sheet and healthy cash reserves support financial stability and continued strength in the marketplace. Receivables Exposure: The company continues to manage credit risk carefully, with appropriate controls over customer exposure and the use of credit insurance where necessary. A focus on long-term partnerships and careful contract management supports reliable collections. Despite broader industry disruption during the period, the business was largely unaffected, with minimal operational or financial impact, highlighting the strength of our commercial discipline and risk management processes. Economic Volatility: The construction industry remains exposed to global economic uncertainty and inflationary pressures. The company mitigates these risks through strong supply chain relationships and robust processes, with a compact Board enabling quick, effective responses to changing conditions. The residential sector continues to face additional pressures from evolving building safety regulations, including Building Safety Regulator submissions for high-rise residential developments. These regulatory requirements have impacted project timelines and increased compliance costs across the sector. To address these challenges, the company has developed BSR specialist capabilities within its design team, enabling it to support customers through compliance requirements and mitigate potential project delays. This proactive approach strengthens the company's competitive position in the residential market.
The financial KPIs used to measure the Group’s progress and performance are Turnover, Gross Profit margin both across the company and by project, Net Profit margin, cash generation and net assets.
Turnover has decreased in the year by 1%, Gross Profit margin decreased to 13.6% (2023 – 14.6%), with Net Profit at 7.2% (2023 – 6.9%), reflecting improved operational efficiency and disciplined overhead management as the business continues to optimize its cost base while maintaining investment in key growth areas. The company maintained strong net assets of £16.8m (2023: £14.0m) with a substantial improvement in cash position to £4.5m (2023: £2.1m), providing enhanced liquidity and financial flexibility for future growth opportunities.
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MAYA5 LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
The Directors are aware of their duty under s.172 of the Companies Act 2006 to act in the way which they consider, in good faith, would be most likely to promote the success of the Group for the benefit of its members as a whole and, in doing so, to have regard (amongst other matters) to:
• the likely consequences of any decision in the long term; • the interests of the Company’s employees; • the need to foster the Company’s business relationships with suppliers, customers and others; • the impact of the Company’s operations on the community and the environment; • the desirability of the Company maintaining a reputation for high standards of business conduct; and • the need to act fairly as between members of the Company, (the “s.172(1) Matters”). Induction materials provided on appointment include an explanation of Directors’ duties, and the Board is regularly reminded of the s.172(1) matters. The key matters that are consistently prevalent in the decision-making process include: • ensuring corporate governance policies are adhered to, • long term objectives of the company; • setting the right culture at Board level and throughout the subsidiaries of the group; and • increasing shareholder value. All the above are the forefront of all decision-making processes.
This report was approved by the board and signed on its behalf.
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MAYA5 LIMITED
DIRECTORS' REPORT
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
The directors present their report and the financial statements for the period ended 30 September 2024.
The directors are responsible for preparing the Group strategic report, the Directors' report and the consolidated financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation, amounted to £3,499,269 (2023: £3,508,782).
The company paid dividends during the year of £765,463 (2023: £453,935).
The directors who served during the period were:
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MAYA5 LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
At the period end the secured order book was:
• 2024/25 Secured Work totals £57.7m • 2025/26 Secured Work totals £19.2m The current volume of secured contracted work, combined with the business’s pipeline of projects in tender or negotiation, provides the capacity to focus on higher-yield, sustainable growth. The commercial sector remains active with continued demand for office refurbishments, upgrades driven by environmental compliance requirements, and new developments. The trend towards higher quality working environments and the need for existing buildings to meet evolving energy efficiency standards provides ongoing opportunities for the company's mechanical and electrical expertise. In the residential sector, London continues to offer substantial prospects through regeneration projects, conversion of commercial spaces to residential use, and the increasing requirement for housing stock improvements to meet new building safety and energy efficiency regulations. The company's investment in BSR specialist design capabilities positions it well to capitalise on opportunities in the high-rise residential market. The group's European operations through Gloster MEP (Global) Limited and Gloster MEP GmbH continue to develop their market presence within the datacentre sector. The European datacentre market is experiencing significant growth driven by increased demand for cloud computing, artificial intelligence infrastructure, and data processing capabilities. The group's international subsidiaries are well-positioned to capitalise on this growth, particularly in serving clients requiring pan-European infrastructure solutions. The group maintains a disciplined approach to international expansion, ensuring that projects meet the same quality applied in the UK market while adapting to local regulatory requirements and market conditions.
The company places strong emphasis on its relationships with suppliers, clients, and third parties, with all significant matters overseen by the board. These mutually beneficial partnerships are essential to delivering the company’s strategy and sustaining its market position.
Structured communication ensures consistent client engagement throughout project lifecycles. Regular satisfaction reviews help uphold service standards, address issues promptly, and support continuous improvement. Supply chain relationships are carefully managed, with long-term partnerships enabling efficient planning, competitive pricing, and reliable delivery. Ongoing engagement through meetings and collaborative planning fosters strong, productive ties with suppliers. The company also acknowledges its wider social and environmental responsibilities, supporting local businesses where possible and considering the impact of its operations on surrounding communities.
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MAYA5 LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
The company views compliance with environmental legislation and the adoption of responsible practices as essential to its operations. It remains committed to implementing new measures that minimise the environmental impact of its activities.
Examples of energy efficiency action taken by the company during 2023/2024: 1) Material Reuse and Recycling: The company actively promotes circular practices across all sites by encouraging supplier take-back schemes and reallocating surplus materials to other projects. These initiatives are supported with incentives to drive site-wide participation. 2) Supplier Optimisation: The company continues to prioritise working with local suppliers to reduce transport-related emissions and ensure that all supply chain partners meet the Fleet Operator Recognition Scheme (FORS) standards, supporting cleaner, safer logistics. 3) Internal Awareness and Training: The company regularly communicates environmental policies across the company through internal bulletins, training sessions, and the company’s intranet newsletter. These efforts promote awareness and engagement with our sustainability goals at all levels of the organisation. 4) Sustainable Strip Out Practices: The company, primarily in refurbishment projects, collaborates with clients and main contractors to encourage and reward the recycling of systems, products, and equipment being replaced. 5) Premises Environmental Performance: The company remains committed to enhancing the energy efficiency of its premises. Plans are in place to upgrade systems at the head office, replacing outdated or inefficient equipment with modern, energy-efficient alternatives. These improvements aim to reduce energy consumption and support overall environmental performance. The company’s recent carbon footprint analysis indicates that electricity (55.2%) and gas (39.1%) consumption are the primary areas for improvement. To reduce its carbon footprint, the company is focusing on these areas and implementing strategies for annual carbon emission reductions through both direct actions and offsetting measures.
As a leader in mechanical and electrical project management with strong design capabilities, the business continues to prioritise energy efficiency and carbon reduction across all projects. In 2024, GMEP was appointed to deliver the design and build of a major commercial decarbonisation scheme in London, leading to a framework agreement to support a developer’s wider portfolio. We also contributed to industry knowledge by presenting at client-led sustainability forums, reinforcing our commitment to reducing carbon impact both within the business and across the sector..
After the year end Barnes Roffe LLP resigned as auditors due to the transfer of its audit business and its successor Barnes Roffe Audit Limited was appointed by the directors under s485 Companies Act 2006.
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MAYA5 LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
This report was approved by the board and signed on its behalf.
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MAYA5 LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MAYA5 LIMITED
We have audited the financial statements of Maya5 Limited (the 'parent Company') and its subsidiaries (the 'Group') for the period ended 30 September 2024, which comprise the Consolidated statement of comprehensive income, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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MAYA5 LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MAYA5 LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group strategic report and the Directors' report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
∙the Group strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Group and the parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group strategic report or the Directors' report.
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MAYA5 LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MAYA5 LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
• The engagement partner ensured that the engagement team collectively had the appropriate
competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; • We identified the laws and regulations applicable to the company through discussion with directors and other management, and from our commercial knowledge and experience of the relevant sector; • The specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, are as follows: o Companies Act 2006 o FRS102. o GDPR o Employment legislation o Tax legislation o UK Health & Safety Legislations and CDM Regulations 2015 o IET Wiring Regulations. • We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management, reviewing board minutes and inspecting legal correspondence; • Laws and regulations were communicated within the audit team at the planning meeting, and during the audit as any further laws and regulation were identified. The audit team remained alert to instances of noncompliance throughout the audit. We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur by: • Making enquires of management as to where they consider there was susceptibility to fraud and their knowledge of actual suspected and alleged fraud; • Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations; • Reviewing the financial statements and testing the disclosures against supporting documentation; • Performing analytical procedures to identify any unusual or unexpected trends or anomalies; • Inspecting and testing journal entries to identify unusual or unexpected transactions; • Assessing whether judgement and assumptions made in determining significant accounting estimates, were indicative of management bias; and • Investigating the rationale behind significant transactions, or transactions that are unusual or outside the company’s usual course of business. The areas that we identified as being susceptible to misstatement through fraud were: • Management bias in the estimates and judgements made; • Management override of controls; and • Posting of unusual journals or transactions.
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MAYA5 LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MAYA5 LIMITED (CONTINUED)
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including
those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants
Statutory Auditor
1st Floor
73-81 Southwark Bridge Road
London
SE1 0NQ
Date:
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MAYA5 LIMITED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
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MAYA5 LIMITED
REGISTERED NUMBER: 09371849
CONSOLIDATED BALANCE SHEET
AS AT 30 SEPTEMBER 2024
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 19 to 33 form part of these financial statements.
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MAYA5 LIMITED
REGISTERED NUMBER: 09371849
COMPANY BALANCE SHEET
AS AT 30 SEPTEMBER 2024
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 19 to 33 form part of these financial statements.
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MAYA5 LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 SEPTEMBER 2023
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MAYA5 LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 SEPTEMBER 2023
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MAYA5 LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
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MAYA5 LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
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MAYA5 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
MAYA5 Limited is a company limited by shares and incorporated in England and Wales. The address of the registered office is 29 Great Guildford Street, London, England, SE1 0ES. The principal activity of the company during the year has been that of design consultancy for building projects.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies (see note 3).
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements.
The following principal accounting policies have been applied:
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases. In accordance with the transitional exemption available in FRS 102, the Group has chosen not to retrospectively apply the standard to business combinations that occurred before the date of transition to FRS 102.
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MAYA5 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
2.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
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MAYA5 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
2.Accounting policies (continued)
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MAYA5 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
2.Accounting policies (continued)
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer's interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the statement of comprehensive income over its useful economic life of 10 years.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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MAYA5 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
2.Accounting policies (continued)
In the consolidated accounts, interests in associated undertakings are accounted for using the equity method of accounting. Under this method an equity investment is initially recognised at the transaction price (including transaction costs) and is subsequently adjusted to reflect the investors share of the profit or loss, other comprehensive income and equity of the associate. The Consolidated statement of comprehensive income includes the Group's share of the operating results, interest, pre-tax results and attributable taxation of such undertakings applying accounting policies consistent with those of the Group. In the Consolidated balance sheet, the interests in associated undertakings are shown as the Group's share of the identifiable net assets, including any unamortised premium paid on acquisition. Any premium on acquisition is dealt with in accordance with the goodwill policy. The balance due is shown as "Amounts recoverable on contracts", and included in debtors due within less than one year.
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MAYA5 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
2.Accounting policies (continued)
The Group only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
The whole of the turnover is attributable to the principal activity of the business.
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MAYA5 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
Page 25
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MAYA5 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
Page 26
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MAYA5 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
12.Taxation (continued)
Page 27
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MAYA5 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
Page 28
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MAYA5 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
Page 29
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MAYA5 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
Page 30
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MAYA5 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
Indirect subsidiary undertakings (continued)
Page 31
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MAYA5 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
The Group offers a defined contribution pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group to the fund and amounted to £290,671 (2023: £290,683). Contributions totalling £34,860 (2023: £56,424) were payable to the fund at the balance sheet date and are included in other creditors.
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MAYA5 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
There is no single controlling party.
Page 33
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