REGISTERED NUMBER: 05397749 (England and Wales)

Unaudited financial statements

for the year ended 31st March 2025

For

MAYS DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D P May

Mrs A B May

SECRETARY:

Mrs A B May

REGISTERED OFFICE:

No 7 Sportsmans

Camelford

Cornwall

PL32 9QT

BUSINESS ADDRESS:

Trewarmett Farm

Trewarmett

Tintagel

Cornwall

PL34 0ES

REGISTERED NUMBER:

05397749 (England and Wales)

ACCOUNTANTS:

Barkers

No 7 Sportsmans

Camelford

Cornwall

PL32 9QT

FIXED ASSETS

Tangible assets

4

211,867

135,309

CURRENT ASSETS

Stocks

845,241

1,251,512

Debtors

5

19,682

9,984

Cash at bank

227,451

60,341

1,092,374

1,321,837

CREDITORS

Amounts falling due within one year

6

469,548

741,527

NET CURRENT ASSETS

622,826

580,310

TOTAL ASSETS LESS CURRENT LIABILITIES

834,693

715,619

PROVISIONS FOR LIABILITIES

41,665

33,827

NET ASSETS

793,028

681,792

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

792,928

681,692

SHAREHOLDERS' FUNDS

793,028

681,792

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 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 Board of Directors and authorised for issue on 27th October 2025 and were signed on its behalf by:

Mrs A B May - Director

1.	STATUTORY INFORMATION

Mays Developments 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.

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

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

-

20% on reducing balance and 10% on reducing balance

Stocks and work in progress

Stocks are valued at the lower of cost and net realisable value.

Long term work in progress includes a proportion of profit recoverable on contracts.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st April 2024

3,541

200,190

203,731

Additions

-

113,343

113,343

At 31st March 2025

3,541

313,533

317,074

DEPRECIATION

At 1st April 2024

-

68,422

68,422

Charge for year

-

36,785

36,785

At 31st March 2025

-

105,207

105,207

NET BOOK VALUE

At 31st March 2025

3,541

208,326

211,867

At 31st March 2024

3,541

131,768

135,309

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

19,682

9,984

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

5,354

22,846

Taxation and social security

13,172

-

Other creditors

451,022

718,681

469,548

741,527

7.	ULTIMATE CONTROLLING PARTY

The controlling party is D P May.