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Registered number: 05672765
Maintain UK Drains Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05672765
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 65,413 80,361
65,413 80,361
CURRENT ASSETS
Stocks 5 2,500 2,500
Debtors 6 168,590 254,515
Cash at bank and in hand 441,736 282,522
612,826 539,537
Creditors: Amounts Falling Due Within One Year 7 (176,719 ) (272,559 )
NET CURRENT ASSETS (LIABILITIES) 436,107 266,978
TOTAL ASSETS LESS CURRENT LIABILITIES 501,520 347,339
Creditors: Amounts Falling Due After More Than One Year 8 (2,648 ) (12,939 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,353 ) -
NET ASSETS 482,519 334,400
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 481,519 333,400
SHAREHOLDERS' FUNDS 482,519 334,400
Page 1
Page 2
For the year ending 31 March 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 Jonathan Taylor
Director
12 December 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Maintain UK Drains Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05672765 . The registered office is Unit 3 Vista Place, Coy Pond Business Park, Ingworth Road, Poole, Dorset, BH12 1JY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
These financial statements are presented in pound sterling which is the functional currency of the company.
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% - Reducing balance
Motor Vehicles 25% - Reducing balance
Computer Equipment 25%- Reducing balance
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. Financial Instruments
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially measured at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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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.
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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 216,571 178,202 5,417 400,190
Additions 3,784 - 2,000 5,784
As at 31 March 2025 220,355 178,202 7,417 405,974
Depreciation
As at 1 April 2024 175,659 139,229 4,941 319,829
Provided during the period 10,631 9,743 358 20,732
As at 31 March 2025 186,290 148,972 5,299 340,561
Net Book Value
As at 31 March 2025 34,065 29,230 2,118 65,413
As at 1 April 2024 40,912 38,973 476 80,361
5. Stocks
2025 2024
£ £
Finished goods 2,500 2,500
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 111,037 145,629
Amounts owed by group undertakings 45,208 104,008
Other debtors 12,345 4,878
168,590 254,515
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 37,955 93,317
Bank loans and overdrafts 10,437 9,938
Other creditors 12,914 102,185
Taxation and social security 115,413 67,119
176,719 272,559
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 2,648 12,939
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Ultimate Controlling Party
The company's ultimate controlling party is Iffie and Ixie Ltd by virtue of his ownership of 100% of the issued share capital in the company.
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