Maynard Leigh Associates Ltd 30/04/2025 iXBRL

Company registration number: 03500389

Maynard Leigh Associates Ltd

Unaudited filleted financial statements

30 April 2025

Maynard Leigh Associates Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Maynard Leigh Associates Ltd

Directors and other information


	Directors	A Okuyelu
		A Mackenzie


	Secretary	A Okuyelu


	Company number	03500389


	Registered office	Impact Hub Euston
		1 Triton Square
		London
		NW1 3DX


	Accountants	Hicks and Company
		Chartered Accountants
		Vaughan Chambers
		Vaughan Road
		Harpenden
		AL5 4EE

Maynard Leigh Associates Ltd

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Maynard Leigh Associates Ltd

Year ended 30 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Maynard Leigh Associates Ltd for the year ended 30 April 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Maynard Leigh Associates Ltd, as a body, in accordance with the terms of our engagement letter dated 29 April 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Maynard Leigh Associates Ltd and state those matters that we have agreed to state to the board of directors of Maynard Leigh Associates Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Maynard Leigh Associates Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that Maynard Leigh Associates Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Maynard Leigh Associates Ltd. You consider that Maynard Leigh Associates Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Maynard Leigh Associates Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hicks and Company

Chartered Accountants

Vaughan Chambers

Vaughan Road

Harpenden

AL5 4EE

29 April 2026

Maynard Leigh Associates Ltd

Statement of financial position

30 April 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	9,652		12,066
		_______		_______
			9,652		12,066

Current assets
Debtors	6	357,514		462,083
Cash at bank and in hand		163,133		149,293
		_______		_______
		520,647		611,376
Creditors: amounts falling due
within one year	7	( 339,860)		( 412,946)
		_______		_______
Net current assets			180,787		198,430
			_______		_______
Total assets less current liabilities			190,439		210,496

			_______		_______
Net assets			190,439		210,496
			_______		_______

Capital and reserves
Called up share capital			2,000		2,000
Capital redemption reserve			1,000		1,000
Profit and loss account			187,439		207,496
			_______		_______
Shareholders funds			190,439		210,496
			_______		_______

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

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.

These financial statements were approved by the board of directors and authorised for issue on 29 April 2026 , and are signed on behalf of the board by:

A Okuyelu

Director

Company registration number: 03500389

Maynard Leigh Associates Ltd

Notes to the financial statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Impact Hub Euston, 1 Triton Square, London, NW1 3DX.

2. Statement of compliance

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

tangible assets are initially recorded at cost, and are 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 capital and reserves, 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 capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves 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:


Fittings fixtures and equipment	-	20% reducing balance
Motor vehicles	-	20% reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

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 in finance costs 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 9 (2024: 11 ).

5. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 May 2024 and 30 April 2025	34,315	4,500	38,815
	_______	_______	_______
Depreciation
At 1 May 2024	23,428	3,321	26,749
Charge for the year	2,178	236	2,414
	_______	_______	_______
At 30 April 2025	25,606	3,557	29,163
	_______	_______	_______
Carrying amount
At 30 April 2025	8,709	943	9,652
	_______	_______	_______
At 30 April 2024	10,887	1,179	12,066
	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	342,538	461,833
Other debtors	14,976	250
	_______	_______
	357,514	462,083
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	128,609	203,033
Corporation tax	19,924	9,052
Social security and other taxes	42,881	65,088
Other creditors	148,446	135,773
	_______	_______
	339,860	412,946
	_______	_______

8. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	A Okuyelu	( 941)	( 23)	( 964)
		_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	A Okuyelu	-	( 941)	( 941)
		_______	_______	_______