REGISTERED NUMBER: 07417923 (England and Wales)

M MAHESON LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M V S Maheson

Ms G L Maheson

REGISTERED OFFICE:

1st Floor Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

REGISTERED NUMBER:

07417923 (England and Wales)

ACCOUNTANTS:

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

43,068

53,999

43,068

53,999

CURRENT ASSETS

Debtors

6

143,718

225,895

Cash at bank

28,392

18,268

172,110

244,163

CREDITORS

Amounts falling due within one year

7

24,884

23,355

NET CURRENT ASSETS

147,226

220,808

TOTAL ASSETS LESS CURRENT LIABILITIES

190,294

274,807

CREDITORS

Amounts falling due after more than one year

8

36,293

45,868

NET ASSETS

154,001

228,939

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

153,901

228,839

SHAREHOLDERS' FUNDS

154,001

228,939

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th July 2026 and were signed on its behalf by:

Mr M V S Maheson - Director

1.	STATUTORY INFORMATION

M Maheson 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

Purchased goodwill has been fully amortised.

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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% straight line on cost

Motor vehicles

-

33.33% straight line on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st November 2024

and 31st October 2025

93,300

AMORTISATION

At 1st November 2024

and 31st October 2025

93,300

NET BOOK VALUE

At 31st October 2025

-

At 31st October 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1st November 2024

37,044

76,517

113,561

Additions

2,010

-

2,010

At 31st October 2025

39,054

76,517

115,571

DEPRECIATION

At 1st November 2024

35,875

23,687

59,562

Charge for year

1,082

11,859

12,941

At 31st October 2025

36,957

35,546

72,503

NET BOOK VALUE

At 31st October 2025

2,097

40,971

43,068

At 31st October 2024

1,169

52,830

53,999

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st November 2024

and 31st October 2025

64,690

DEPRECIATION

At 1st November 2024

11,860

Charge for year

11,859

At 31st October 2025

23,719

NET BOOK VALUE

At 31st October 2025

40,971

At 31st October 2024

52,830

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

32,716

42,479

Other debtors

111,002

183,416

143,718

225,895

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

1

Hire purchase contracts

9,576

9,576

Taxation and social security

15,019

13,628

Other creditors

289

150

24,884

23,355

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

36,293

45,868

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

45,869

55,444

Hire Purchase finance is secured on the asset to which the finance relates.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st October 2025 and 31st October 2024:

2025

2024

£

£

Mr M V S Maheson

Balance outstanding at start of year

68,680

70,104

Amounts advanced

15,959

48,487

Amounts repaid

(50,873

)

(49,911

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

33,766

68,680

Ms G L Maheson

Balance outstanding at start of year

65,986

67,355

Amounts advanced

15,333

46,585

Amounts repaid

(48,878

)

(47,954

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

32,441

65,986

As at the year end the company directors owed the company £66,207 (2024 - £134,665).

The loan is repayable on demand and interest of £2,639 was charged by the company during the year.