REGISTERED NUMBER: 05990136 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

MAE Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

ME Sloan

SECRETARY:

Miss A M Baxter

REGISTERED OFFICE:

c/o Charnwood Accountants

The Point, Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

REGISTERED NUMBER:

05990136 (England and Wales)

FIXED ASSETS

Tangible assets

4

3,996

5,105

CURRENT ASSETS

Stocks

133,663

126,420

Debtors

5

1,784,133

1,326,112

Cash at bank and in hand

12,156

46

1,929,952

1,452,578

CREDITORS

Amounts falling due within one year

6

1,743,940

1,268,381

NET CURRENT ASSETS

186,012

184,197

TOTAL ASSETS LESS CURRENT LIABILITIES

190,008

189,302

CREDITORS

Amounts falling due after more than one year

7

(90,222

)

(92,111

)

PROVISIONS FOR LIABILITIES

(1,581

)

(1,581

)

NET ASSETS

98,205

95,610

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

98,105

95,510

SHAREHOLDERS' FUNDS

98,205

95,610

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

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

The director acknowledges his 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 director and authorised for issue on 8 December 2025 and were signed by:

ME Sloan - Director

1.	STATUTORY INFORMATION

MAE 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

-

15% on cost

Motor vehicles

-

25% on reducing balance

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 7 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

41,113

7,607

3,000

51,720

DEPRECIATION

At 1 April 2024

38,166

5,544

2,905

46,615

Charge for year

775

310

24

1,109

At 31 March 2025

38,941

5,854

2,929

47,724

NET BOOK VALUE

At 31 March 2025

2,172

1,753

71

3,996

At 31 March 2024

2,947

2,063

95

5,105

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

982,277

642,059

Other debtors

294,877

250,877

Directors' current accounts

506,979

433,176

1,784,133

1,326,112

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

265,933

101,656

Trade creditors

587,621

623,503

Tax

18,022

49,682

Social security and other taxes

1,385

12,417

VAT

106,881

184,142

Other creditors

47,738

4,452

Bibby Factoring

716,360

292,529

1,743,940

1,268,381

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

90,222

92,111

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

ME Sloan

Balance outstanding at start of year

433,177

355,354

Amounts advanced

112,972

433,177

Amounts repaid

(39,170

)

(355,354

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

506,979

433,177

Interest has been charged on this loan at a rate of 2.25% per annum.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr M Sloan due to his shareholding.