MAI (ACCOUNTANTS) LIMITED - Filleted accounts

Registered number

04458311

MAI (ACCOUNTANTS) LIMITED

Filleted Accounts

30 June 2025

MAI (ACCOUNTANTS) LIMITED
Registered number:		04458311
Balance Sheet
as at 30 June 2025

Notes			2025			2024
£				£
Current assets
Work in progress		1,000			1,000
Debtors	5	5,195			2,890
Cash at bank and in hand		72,588			86,775
		78,783			90,665

Creditors: amounts falling due within one year	6	(6,530)			(8,204)

Net current assets			72,253			82,461

Net assets			72,253			82,461

Capital and reserves
Called up share capital			100			100
Profit and loss account			72,153			82,361

Shareholders' funds			72,253			82,461

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




M A IBRAHIM
Director
Approved by the board on 31 December 2025

MAI (ACCOUNTANTS) LIMITED
Notes to the Accounts
for the year ended 30 June 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	over 5 years

	Debtors
	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 recognised 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.

	Creditors
	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		3		3


3	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 July 2024				25,000
	At 30 June 2025				25,000

	Amortisation
	At 1 July 2024				25,000
	At 30 June 2025				25,000

	Net book value
	At 30 June 2025				-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.


4	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 July 2024				5,695
	At 30 June 2025				5,695

	Depreciation
	At 1 July 2024				5,695
	At 30 June 2025				5,695

	Net book value
	At 30 June 2025				-


5	Debtors		2025		2024
£				£

	Trade debtors		5,014		2,890
	Other debtors		181		-
			5,195		2,890


6	Creditors: amounts falling due within one year		2025		2024
£				£

	Taxation and social security costs		1,359		4,032
	Other creditors		5,171		4,172
			6,530		8,204


7	Other information

	MAI (ACCOUNTANTS) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	7 St Andrews Street
	Blackburn
	Lancashire
	BB1 7AE