MAYFORDS ESTATE AGENTS LTD - Accounts to registrar (filleted)

REGISTERED NUMBER: 09123979 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

MAYFORDS ESTATE AGENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs T Eghobamien

SECRETARY:

REGISTERED OFFICE:

557 Pinner Road

Harrow

HA2 6EQ

REGISTERED NUMBER:

09123979 (England and Wales)

ACCOUNTANTS:

Taxpoint Direct Limited

Chartered Certified Accountants &Tax Consultants

310E Sterling House

Langston Road

Loughton

IG10 3TS

FIXED ASSETS

Intangible assets

4

53,000

Tangible assets

5

1,447

1,607

54,447

54,607

CURRENT ASSETS

Debtors

6

183,837

89,142

Cash at bank and in hand

119,273

122,729

303,110

211,871

CREDITORS

Amounts falling due within one year

7

202,522

126,548

NET CURRENT ASSETS

100,588

85,323

TOTAL ASSETS LESS CURRENT
LIABILITIES

155,035

139,930

CREDITORS

Amounts falling due after more than one
year

8

21,275

30,736

NET ASSETS

133,760

109,194

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

10

133,660

109,094

SHAREHOLDERS' FUNDS

133,760

109,194

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 her 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 31 December 2025 and were signed by:

Mrs T Eghobamien - Director

1.	STATUTORY INFORMATION

MAYFORDS ESTATE AGENTS LTD 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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 38 (2024 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

53,000

NET BOOK VALUE

At 31 March 2025

53,000

At 31 March 2024

53,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2024

and 31 March 2025

94,804

11,900

2,307

109,011

DEPRECIATION

At 1 April 2024

94,804

11,900

700

107,404

Charge for year

-

160

At 31 March 2025

94,804

11,900

860

107,564

NET BOOK VALUE

At 31 March 2025

-

1,447

At 31 March 2024

-

1,607

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

76,974

47,779

Prepayments and accrued income

106,863

41,363

183,837

89,142

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

100,255

48,161

Tax

9,716

6,850

Social security and other taxes

80,091

57,708

VAT

7,258

11,827

Directors' current accounts

2,002

Accrued expenses

3,200

-

202,522

126,548

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans - 2-5 years

21,275

30,736

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

100

Ordinary

1

100

10.

RESERVES

Retained

earnings

£

At 1 April 2024

109,094

Profit for the year

24,566

At 31 March 2025

133,660