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Company Registration No. 01110706 (England and Wales)
Maiford Limited Unaudited accounts for the year ended 30 April 2026
Maiford Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Maiford Limited Company Information for the year ended 30 April 2026
Directors
K Yorke T P Nash A J Wallis
Secretary
A J Wallis
Company Number
01110706 (England and Wales)
Registered Office
The Old Stables, East Lenham Farm Ashford Road, Lenham Maidstone Kent ME17 2DP
Accountants
Wiggins & Co, Chartered Accountants The Old Stables, East Lenham Farm Ashford Road, Lenham Maidstone Kent ME17 2DP
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Maiford Limited Accountants' report
Accountants' report to the board of directors of Maiford Limited on the preparation of the unaudited statutory accounts for the year ended 30 April 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Maiford Limited for the year ended 30 April 2026 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Maiford Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Maiford Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Maiford Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Maiford Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Maiford Limited. You consider that Maiford Limited 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 accounts of Maiford Limited. 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 accounts.
Wiggins & Co, Chartered Accountants The Old Stables, East Lenham Farm Ashford Road, Lenham Maidstone Kent ME17 2DP 11 August 2026
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Maiford Limited Statement of financial position as at 30 April 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
750,347
691,225
Current assets
Inventories
288,000
168,000
Debtors
5
1,150,201
1,268,744
Cash at bank and in hand
115,369
211,803
1,553,570
1,648,547
Creditors: amounts falling due within one year
6
(1,547,309)
(1,318,615)
Net current assets
6,261
329,932
Total assets less current liabilities
756,608
1,021,157
Creditors: amounts falling due after more than one year
7
(492,898)
(508,780)
Net assets
263,710
512,377
Capital and reserves
Called up share capital
8
104
104
Capital redemption reserve
(75,000)
-
Profit and loss account
338,606
512,273
Shareholders' funds
263,710
512,377
For the year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2026 and were signed on its behalf by
A J Wallis Director Company Registration No. 01110706
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Maiford Limited Notes to the Accounts for the year ended 30 April 2026
1
Statutory information
Maiford Limited is a private company, limited by shares, registered in England and Wales, registration number 01110706. The registered office is The Old Stables, East Lenham Farm, Ashford Road, Lenham, Maidstone, Kent, ME17 2DP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the invoiced net sales, excluding Value Added Tax.
Consolidation
The Company is a wholly owned subsidiary of Maiford Trading Ltd, which is a wholly owned subsidiary of Maiford MBO Ltd, forming a small group. The group has taken advantage of the exemption provided by section 383(4) of the Companies Act 2006 not to prepare group accounts.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation is charged.
Plant & machinery
15% on reducing balance.
Motor vehicles
25% on reducing balance.
Stocks
Stock and Work in Progress is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred taxation
Deferred taxation arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's accounts. Deferred tax is provided in full, on timing of differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
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Maiford Limited Notes to the Accounts for the year ended 30 April 2026
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 May 2025
21,602
308,876
1,102,772
1,433,250
Additions
-
64,245
268,500
332,745
Disposals
-
(36,765)
(198,950)
(235,715)
At 30 April 2026
21,602
336,356
1,172,322
1,530,280
Depreciation
At 1 May 2025
-
187,556
554,469
742,025
Charge for the year
-
25,890
129,756
155,646
On disposals
-
(28,644)
(89,094)
(117,738)
At 30 April 2026
-
184,802
595,131
779,933
Net book value
At 30 April 2026
21,602
151,554
577,191
750,347
At 30 April 2025
21,602
121,320
548,303
691,225
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
1,073,393
1,167,314
Accrued income and prepayments
608
523
Other debtors
76,200
100,907
1,150,201
1,268,744
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
-
22,727
Obligations under finance leases and hire purchase contracts
240,908
232,827
Trade creditors
531,939
517,029
Taxes and social security
110,303
189,970
Other creditors
664,159
356,062
1,547,309
1,318,615
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Obligations under finance leases and hire purchase contracts
492,898
508,780
8
Share capital
2026
2025
£
£
Allotted, called up and fully paid:
104 Ordinary shares of £1 each
104
104
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Maiford Limited Notes to the Accounts for the year ended 30 April 2026
9
Transactions with related parties
Rent is paid at open market value to Nigel Palmer Properties Ltd, which is controlled by Maiford MBO Ltd, by virtue of it owning 100% of the 'A' ordinary voting shares. There is an outstanding loan of £12,692 (2025 - £12,692) included in 'Sundry Debtors'. £438,400 is still outstanding to Nigel Palmer Properties and is included in 'Sundry Creditors' (2025 - £195,000). Intercompany Dividends Dividends totalling £301,752 paid to Maiford Trading Ltd during the year (2025 - £226,752). Control The Directors control the company, by virtue of controlling Maiford Trading Ltd, which is controlled by Maiford MBO Ltd.
10
Average number of employees
During the year the average number of employees was 48 (2025: 48).
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