REGISTERED NUMBER: 11755422 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

MAYES CREATIVE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr J L Mayes

Ms C Kennett

REGISTERED OFFICE:

12 Bellair Terrace

St Ives

Cornwall

TR26 1JR

REGISTERED NUMBER:

11755422 (England and Wales)

ACCOUNTANTS:

Neuhoff & Co

Chartered Accountants

Claydons Barns

11 Towcester Road

Whittlebury

Northamptonshire

NN12 8XU

FIXED ASSETS

Intangible assets

4

9,000

-

Tangible assets

5

2,700

-

11,700

-

CURRENT ASSETS

Debtors

6

1,788

14,800

Cash at bank

1,157

988

2,945

15,788

CREDITORS

Amounts falling due within one year

7

(13,042

)

(13,549

)

NET CURRENT (LIABILITIES)/ASSETS

(10,097

)

2,239

TOTAL ASSETS LESS CURRENT LIABILITIES

1,603

2,239

CREDITORS

Amounts falling due after more than one year

8

(3,248

)

(5,128

)

PROVISIONS FOR LIABILITIES

(82

)

-

NET LIABILITIES

(1,727

)

(2,889

)

RESERVES

Income and expenditure account

(1,727

)

(2,889

)

(1,727

)

(2,889

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 surplus or deficit 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 Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

Dr J L Mayes - Director

1.	STATUTORY INFORMATION

Mayes Creative Limited is a private company, limited by guarantee , 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.

Turnover

Turnover represents income received by way of cultural and local government grants which is recognised in the period to which the respective funding relates. Turnover from events and other non-profit making activities is recognised in the period in which it arises and is measured at fair value of the consideration received or receivable.

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.

I P, patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Taxation

The company is a Not-for Profit Organisation and application has been made to HM Revenue and Customs for its tax-exempt status to be recognised.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

10,000

At 31 January 2025

10,000

AMORTISATION

Charge for year

1,000

At 31 January 2025

1,000

NET BOOK VALUE

At 31 January 2025

9,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

3,600

At 31 January 2025

3,600

DEPRECIATION

Charge for year

900

At 31 January 2025

900

NET BOOK VALUE

At 31 January 2025

2,700

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

900

Other debtors

1,788

13,900

1,788

14,800

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

2,000

2,000

Trade creditors

-

973

Other creditors

11,042

10,576

13,042

13,549

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

3,248

5,128