General Information
MAIDSTONE FIGURESHAPERS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04631929, registration address Suite 7 Beaufort House, Beaufort Court, Sir Thomas Longley Road, Rochester, ME2 4FB.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
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)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
The Director also lends its long term support to the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
25% Reducing Balance
|
| Fixtures and Fittings |
25% Reducing Balance
|
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
| 2. |
Average number of employees
Average number of employees during the year was 7 (2025 : 7).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Fixtures and Fittings |
|
Land and Buildings |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 February 2025 |
42,655 |
|
16,536 |
|
1,271 |
|
60,462 |
| Additions |
- |
|
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
|
- |
| At 31 January 2026 |
42,655 |
|
16,536 |
|
1,271 |
|
60,462 |
| Depreciation |
| At 01 February 2025 |
40,716 |
|
12,795 |
|
- |
|
53,511 |
| Charge for year |
484 |
|
935 |
|
- |
|
1,419 |
| On disposals |
- |
|
- |
|
- |
|
- |
| At 31 January 2026 |
41,200 |
|
13,730 |
|
- |
|
54,930 |
| Net book values |
| Closing balance as at 31 January 2026 |
1,455 |
|
2,806 |
|
1,271 |
|
5,532 |
| Opening balance as at 01 February 2025 |
1,939 |
|
3,741 |
|
1,271 |
|
6,951 |
The net book value of Land and Buildings includes £ 1,271 (2025 £1,271) in respect of assets leased under finance leases or hire purchase contracts.
|
| 4. |
Ultimate Controlling Party
The company is under the control of the Director and Shareholder
|
2
|