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Registered number: 07048199
Mayfair Construction Developments Ltd
Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07048199
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 105,050 127,205
105,050 127,205
CURRENT ASSETS
Debtors 5 721,120 308,647
Cash at bank and in hand 20,710 11,204
741,830 319,851
Creditors: Amounts Falling Due Within One Year 6 (898,808 ) (667,033 )
NET CURRENT ASSETS (LIABILITIES) (156,978 ) (347,182 )
TOTAL ASSETS LESS CURRENT LIABILITIES (51,928 ) (219,977 )
NET LIABILITIES (51,928 ) (219,977 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (52,028 ) (220,077 )
SHAREHOLDERS' FUNDS (51,928) (219,977)
Page 1
Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
D J Carpenter
Director
2 October 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Mayfair Construction Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07048199 . The registered office is Unit 1, Petham Court, Kent, BR8 8DL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
evenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. No depreciation is provided in the year of acquisition. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 2% on reducing balance
Plant & Machinery 25% on reducing balance
Furniture, fixtures and equipment 25% on reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 3)
4 3
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Furniture, fixtures and equipment Total
£ £ £ £
Cost
As at 1 November 2023 39,570 156,260 5,656 201,486
Additions - 11,755 1,105 12,860
As at 31 October 2024 39,570 168,015 6,761 214,346
Depreciation
As at 1 November 2023 38,548 30,357 5,376 74,281
Provided during the period 255 34,414 346 35,015
As at 31 October 2024 38,803 64,771 5,722 109,296
Net Book Value
As at 31 October 2024 767 103,244 1,039 105,050
As at 1 November 2023 1,022 125,903 280 127,205
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 605,183 288,468
VAT - 20,179
Amounts owed by group undertakings 115,937 -
721,120 308,647
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 124,943 196,228
Bank loans and overdrafts 13,925 24,148
Other taxes and social security 3,867 3,319
VAT 12,548 -
Other creditors 118,688 10,000
Accruals and deferred income 3,374 10,548
Director's loan account 201,581 58,531
Amounts owed to related parties 419,882 364,259
898,808 667,033
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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