Company Registration No. 00384684 (England and Wales)
MAUN INDUSTRIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
3b Swallowfield Courtyard
Wolverhampton Road
Oldbury
West Midlands
B69 2JG
MAUN INDUSTRIES LIMITED
CONTENTS
Page
Company information
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 10
MAUN INDUSTRIES LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
445,554
491,326
Current assets
Stocks
1,021,225
1,077,684
Debtors
6
471,457
348,468
Cash at bank and in hand
287,344
611,480
1,780,026
2,037,632
Creditors: amounts falling due within one year
7
(338,157)
(329,717)
Net current assets
1,441,869
1,707,915
Total assets less current liabilities
1,887,423
2,199,241
Provisions for liabilities
(111,389)
(122,697)
Net assets
1,776,034
2,076,544
Capital and reserves
Called up share capital
8
28,735
28,735
Share premium account
6,000
6,000
Profit and loss reserves
1,741,299
2,041,809
Total equity
1,776,034
2,076,544

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

MAUN INDUSTRIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 6 July 2026
T J Scholes
Director
Company registration number 00384684 (England and Wales)
MAUN INDUSTRIES LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 January 2024
28,735
6,000
2,487,338
2,522,073
Year ended 31 December 2024:
Profit and total comprehensive income
-
-
154,471
154,471
Dividends
-
-
(600,000)
(600,000)
Balance at 31 December 2024
28,735
6,000
2,041,809
2,076,544
Year ended 31 December 2025:
Profit and total comprehensive income
-
-
99,490
99,490
Dividends
-
-
(400,000)
(400,000)
Balance at 31 December 2025
28,735
6,000
1,741,299
1,776,034

The notes on pages 4 to 10 form part of these financial statements.

MAUN INDUSTRIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
1
Accounting policies
Company information

Maun Industries Limited is a private company limited by shares incorporated in England and Wales. The registered office is Hamilton Road, Sutton in Ashfeild, Notts, NG17 5LD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

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

1.3
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

MAUN INDUSTRIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Goodwill
16% Straight Line
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
2% - 10% Straight line
Plant and equipment
10-33% Straight line / 20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

MAUN INDUSTRIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 6 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

MAUN INDUSTRIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 7 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.11
Foreign exchange

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.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

MAUN INDUSTRIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
31
29
4
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2025 and 31 December 2025
335,322
Amortisation and impairment
At 1 January 2025 and 31 December 2025
335,322
Carrying amount
At 31 December 2025
-
0
At 31 December 2024
-
0
MAUN INDUSTRIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 9 -
5
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Total
£
£
£
Cost
At 1 January 2025
30,909
1,912,429
1,943,338
Additions
-
0
51,096
51,096
At 31 December 2025
30,909
1,963,525
1,994,434
Depreciation and impairment
At 1 January 2025
10,338
1,441,674
1,452,012
Depreciation charged in the year
2,373
94,495
96,868
At 31 December 2025
12,711
1,536,169
1,548,880
Carrying amount
At 31 December 2025
18,198
427,356
445,554
At 31 December 2024
20,571
470,755
491,326
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
357,004
242,413
Prepayments and accrued income
114,453
106,055
471,457
348,468
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
180,664
154,091
Corporation tax
44,523
70,395
Other taxation and social security
37,793
48,045
Other creditors
2,243
9,980
Accruals and deferred income
72,934
47,206
338,157
329,717
MAUN INDUSTRIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 10 -
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
28,735
28,735
28,735
28,735
9
Operating lease commitments
Lessee

At the reporting end date the company had contracted with tenants for the following minimum lease payments:

2025
2024
£
£
Within one year
4,543
4,543
Between two and five years
1,514
6,057
6,057
10,600
10
Parent company

The ultimate parent company is Pebworth Limited, a company incorporated in England and Wales. The registered office address of Pebworth Limited is: 3B Swallowfield Courtyard, Wolverhampton Road, Oldbury, West Midlands, B69 2JG

2025-12-31 2025-01-01 false false false 06 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity T J Scholes 00384684 2025-01-01 2025-12-31 00384684 2025-12-31 00384684 2024-12-31 00384684 core:LeasedAssetsHeldAsLessee 2025-12-31 00384684 core:PlantMachinery 2025-12-31 00384684 core:LandBuildings 2024-12-31 00384684 core:PlantMachinery 2024-12-31 00384684 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 00384684 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 00384684 core:ShareCapital 2025-12-31 00384684 core:ShareCapital 2024-12-31 00384684 core:SharePremium 2025-12-31 00384684 core:SharePremium 2024-12-31 00384684 core:RetainedEarningsAccumulatedLosses 2025-12-31 00384684 core:RetainedEarningsAccumulatedLosses 2024-12-31 00384684 core:ShareCapital 2023-12-31 00384684 core:SharePremium 2023-12-31 00384684 core:RetainedEarningsAccumulatedLosses 2023-12-31 00384684 core:ShareCapitalOrdinaryShareClass1 2025-12-31 00384684 core:ShareCapitalOrdinaryShareClass1 2024-12-31 00384684 bus:Director1 2025-01-01 2025-12-31 00384684 core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 00384684 2024-01-01 2024-12-31 00384684 core:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 00384684 core:Goodwill 2025-01-01 2025-12-31 00384684 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 00384684 core:LandBuildings core:LongLeaseholdAssets 2025-01-01 2025-12-31 00384684 core:PlantMachinery 2025-01-01 2025-12-31 00384684 core:NetGoodwill 2024-12-31 00384684 core:NetGoodwill 2025-12-31 00384684 core:NetGoodwill 2024-12-31 00384684 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-12-31 00384684 core:PlantMachinery 2024-12-31 00384684 2024-12-31 00384684 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-12-31 00384684 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 00384684 core:CurrentFinancialInstruments 2025-12-31 00384684 core:CurrentFinancialInstruments 2024-12-31 00384684 bus:OrdinaryShareClass1 2025-01-01 2025-12-31 00384684 bus:OrdinaryShareClass1 2025-12-31 00384684 bus:OrdinaryShareClass1 2024-12-31 00384684 core:WithinOneYear 2025-12-31 00384684 core:WithinOneYear 2024-12-31 00384684 core:BetweenTwoFiveYears 2025-12-31 00384684 core:BetweenTwoFiveYears 2024-12-31 00384684 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 00384684 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 00384684 bus:FRS102 2025-01-01 2025-12-31 00384684 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 00384684 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP