Mayteck Ltd

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Chartered Accountant's report to the director on the preparation of the unaudited statutory accounts of Mayteck Ltd For The Year Ended 31 May 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Mayteck Ltd For The Year Ended 31 May 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Mayteck Ltd , as a body, in accordance with the terms of our engagement letter dated 09 February 2021. Our work has been undertaken solely to prepare for your approval the accounts of Mayteck Ltd and state those matters that we have agreed to state to the director of Mayteck Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mayteck Ltd and its director, as a body, for our work or for this report.

It is your duty to ensure that Mayteck Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Mayteck Ltd . You consider that Mayteck Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Mayteck Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

27/11/2025

Accountwise Ltd

198 Finchampstead Road

Wokingham

Berkshire

RG40 3HB

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Mayteck Ltd

Balance Sheet

As At 31 May 2025

Balance Sheet

Registered number: 04758170

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		11,652		25,963

			11,652		25,963
CURRENT ASSETS
Stocks	5	20,135		16,942
Debtors	6	277,699		228,647
Cash at bank and in hand		61,020		80,421

		358,854		326,010
Creditors: Amounts Falling Due Within One Year	7	(236,302 )		(230,474 )

NET CURRENT ASSETS (LIABILITIES)			122,552		95,536

TOTAL ASSETS LESS CURRENT LIABILITIES			134,204		121,499

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		(2,214 )		(4,933 )

NET ASSETS			131,990		116,566

CAPITAL AND RESERVES
Called up share capital	9		1,000		1,000
Profit and Loss Account			130,990		115,566

SHAREHOLDERS' FUNDS			131,990		116,566

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Mayteck Ltd

Balance Sheet (continued)

As At 31 May 2025

For the year ending 31 May 2025 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

Mr Simon Wicks

Director

27/11/2025

The notes on pages 4 to 6 form part of these financial statements.

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Mayteck Ltd

Notes to the Financial Statements

For The Year Ended 31 May 2025

Notes to the Financial Statements

1. General Information

Mayteck Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04758170 . The registered office is Unit 6 Headley Park Nine, Woodley, Reading, RG5 4SQ.

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

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:

Plant & Machinery	25% straight line
Motor Vehicles	25% straight line
Fixtures & Fittings	25% straight line
Computer Equipment	33% straight line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. 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.

...CONTINUED

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Mayteck Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

2.6. Taxation - continued

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 6)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 June 2024	24,724	35,099	14,831	48,686	123,340
Additions	-	-	2,162	-	2,162

As at 31 May 2025	24,724	35,099	16,993	48,686	125,502

Depreciation
As at 1 June 2024	20,539	27,786	6,513	42,539	97,377
Provided during the period	1,659	7,312	3,887	3,615	16,473

As at 31 May 2025	22,198	35,098	10,400	46,154	113,850

Net Book Value
As at 31 May 2025	2,526	1	6,593	2,532	11,652

As at 1 June 2024	4,185	7,313	8,318	6,147	25,963

5. Stocks

	2025	2024
	£	£
Finished goods	20,135	16,942

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	99,387	130,874
Prepayments and accrued income	7,279	3,915
Other debtors	171,033	93,858

	277,699	228,647

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Mayteck Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	120,135	130,849
Bank loans and overdrafts	10,326	19,613
Corporation tax	29,709	13,297
Other taxes and social security	-	2,191
VAT	34,376	32,687
Other creditors	5,624	2,593
Accruals and deferred income	34,857	26,698
Director's loan account	1,275	2,546

	236,302	230,474

8. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	2,214	4,933

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

10. Related Party Transactions

At the end of the year, there was an amount of £21,400 (2024:£15,000) due from a company in which the director has a participating interest.

At the end of the year, there was an amount of £136,134 (2024:£73,105) due from a company in which the director has a controlling interest.

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