MAE Trading Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07672422

MAE Trading Ltd

Filleted Unaudited Financial Statements

31 January 2026

MAE Trading Ltd

Statement of Financial Position

31 January 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	6	102,317	92,545

Current assets

Stocks		579,364	1,034,158
Debtors	7	65,055	3,675
Cash at bank and in hand		7,635	7,230
		---------	------------
		652,054	1,045,063

Creditors: amounts falling due within one year	8	609,817	739,814
		---------	------------
Net current assets		42,237	305,249
		---------	---------
Total assets less current liabilities		144,554	397,794

Creditors: amounts falling due after more than one year	9	20,834	85,834
		---------	---------
Net assets		123,720	311,960
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	123,620	311,860
	---------	---------
Shareholder funds	123,720	311,960
	---------	---------

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.

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

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

MAE Trading Ltd

Statement of Financial Position (continued)

31 January 2026

These financial statements were approved by the board of directors and authorised for issue on 18 September 2026 , and are signed on behalf of the board by:

Mr M Earp
Director

Company registration number: 07672422

MAE Trading Ltd

Notes to the Financial Statements

Year ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Stables, Cockshut Lane, Melbourne, Derby, DE73 8DG.

2. Statement of compliance

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

Revenue recognition

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.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on a discounted/an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill	-	20% straight line
Website	-	20% straight line

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

Tangible assets

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

Buildings and property improvements	-	20% Straight line & 10% Reducing balance
Plant & machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Office equipment	-	25% reducing balance

Impairment of fixed assets

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

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 as a finance cost 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 27 (2025: 27 ).

5. Intangible assets

	Goodwill	Website	Total
	£	£	£
Cost
At 1 February 2025 and 31 January 2026	120,000	16,573	136,573
	---------	--------	---------
Amortisation
At 1 February 2025 and 31 January 2026	120,000	16,573	136,573
	---------	--------	---------
Carrying amount
At 31 January 2026	–	–	–
	---------	--------	---------
At 31 January 2025	–	–	–
	---------	--------	---------

6. Tangible assets

	Long leasehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Feb 2025	229,434	84,329	163,334	46,945	12,802	536,844
Additions	–	3,750	41,239	–	1,234	46,223
	---------	--------	---------	--------	--------	---------
At 31 Jan 2026	229,434	88,079	204,573	46,945	14,036	583,067
	---------	--------	---------	--------	--------	---------
Depreciation
At 1 Feb 2025	219,352	58,934	124,336	31,804	9,873	444,299
Charge for the year	10,082	6,434	15,844	3,374	717	36,451
	---------	--------	---------	--------	--------	---------
At 31 Jan 2026	229,434	65,368	140,180	35,178	10,590	480,750
	---------	--------	---------	--------	--------	---------
Carrying amount
At 31 Jan 2026	–	22,711	64,393	11,767	3,446	102,317
	---------	--------	---------	--------	--------	---------
At 31 Jan 2025	10,082	25,395	38,998	15,141	2,929	92,545
	---------	--------	---------	--------	--------	---------

7. Debtors

	2026	2025
	£	£
Other debtors	65,055	3,675
	--------	-------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	264,374	226,927
Trade creditors	105,108	282,235
Social security and other taxes	72,539	37,318
Other creditors - credit cards	24,919	66,119
Other creditors - pension fund	33,895	33,895
Other creditors	108,982	93,320
	---------	---------
	609,817	739,814
	---------	---------

The bank loans and overdrafts are secured by a general pledge and a fixed and floating charge over the Company's assets.

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Other creditors	20,834	85,834
	--------	--------

10. Director's advances, credits and guarantees

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

	2026
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr M Earp	( 12,514)	101,667	( 25,500)	63,653
	--------	---------	--------	--------

	2025
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr M Earp	( 21,223)	98,709	( 90,000)	( 12,514)
	--------	--------	--------	--------