Mayfran UK Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 1194008

Mayfran UK Limited

Filleted Financial Statements

31 December 2024

Mayfran UK Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

Mayfran UK Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5	–	57
Investments	6	48,325	48,325
		--------	--------
		48,325	48,382

Current assets

Debtors	7	923,454	1,022,733
Cash at bank and in hand		63,992	89,287
		---------	------------
		987,446	1,112,020

Creditors: amounts falling due within one year	8	( 206,428)		( 354,475)
		---------		------------
Net current assets			781,018	757,545
			---------	---------
Total assets less current liabilities			829,343	805,927
			---------	---------
Net assets			829,343	805,927
			---------	---------

Capital and reserves

Called up share capital	9	2,500	2,500
Profit and loss account	10	826,843	803,427
		---------	---------
Shareholder funds		829,343	805,927
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

F L J Hinssen

Director

Company registration number: 1194008

Mayfran UK Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 38 Bradley Fold Trading Estate, Bradley Fold Road, Radcliffe, Bury, Lancashire, BL2 6RT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

In the opinion of the directors, the company remains a going concern for the foreseeable future, being not less than one year from the date of approval of these financial statements. As such, these financial statements are prepared on the going concern basis. The directors expect the business to continue with its trading activities, with the continued financial and operational support of the group, and believe it to be in a strong position to take advantage of future opportunities as they arise.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. Turnover is recognised on delivery of goods or services.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery etc	-	3 - 10 years on a straight line basis

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).

5. Tangible assets

	Plant and machinery etc.	Total
	£	£
Cost
At 1 January 2024 and 31 December 2024	55,011	55,011
	--------	--------
Depreciation
At 1 January 2024	54,954	54,954
Charge for the year	57	57
	--------	--------
At 31 December 2024	55,011	55,011
	--------	--------
Carrying amount
At 31 December 2024	–	–
	--------	--------
At 31 December 2023	57	57
	--------	--------

6. Investments

	Associated Undertaking
	£
Cost
At 1 January 2024 and 31 December 2024	48,325
	--------
Impairment
At 1 January 2024 and 31 December 2024	–
	--------

Carrying amount
At 31 December 2024	48,325
	--------
At 31 December 2023	48,325
	--------

The associated undertaking is Miven Mayfran Conveyors Private Limited, a company registered in India, which manufactures materials handling equipment and in which the company holds 40% of the ordinary share capital.

7. Debtors

	2024	2023
	£	£
Trade debtors	311,083	615,610
Amounts owed by group undertakings and undertakings in which the company has a participating interest	465,834	225
Other debtors	146,537	406,898
	---------	------------
	923,454	1,022,733
	---------	------------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	74,368	198,963
Amounts owed to group undertakings and undertakings in which the company has a participating interest	83	35,563
Corporation tax	28,100	21,156
Social security and other taxes	7,558	7,817
Other creditors	96,319	90,976
	---------	---------
	206,428	354,475
	---------	---------

9. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	2,500	2,500	2,500	2,500
	-------	-------	-------	-------

10. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses.

11. Operating leases

The company pays annual rent of £13,750 under an informal lease agreement with its landlord. As the lease is of an informal nature there is no further disclosure required in respect of non-cancellable lease obligations.

12. Summary audit opinion

The auditor's report dated 23 December 2025 was unqualified .

The senior statutory auditor was Mark Richardson , for and on behalf of Moore Kingston Smith LLP .

13. Related party transactions

Mayfran UK Limited is under the immediate control of Conergics International, LLC, who in turn are controlled by the ultimate parent company Tsubakimoto Chain Co. (incorporated in Osaka, Japan). As a wholly owned subsidiary and in accordance with FRS 102 Section 1A, the company is not required to disclose arm's length transactions with other members of the group.

14. Controlling party

The ultimate controlling party is Tsubakimoto Chain Co ., a company incorporated in Osaka, Japan. Group financial statements are prepared, copies of which can be obtained by writing to the registered office of Tsubakimoto Chain Co.