Company Registration No. 08139082 (England and Wales)
Maple Building Services (Essex) Ltd
Unaudited accounts
for the year ended 31 August 2019
Maple Building Services (Essex) Ltd
Unaudited accounts
Contents
Maple Building Services (Essex) Ltd
Company Information
for the year ended 31 August 2019
Company Number
08139082 (England and Wales)
Registered Office
31 High Street
Needham Market
Suffolk
IP6 8AL
Accountants
Target Associates Ltd
31 High Street
Needham Market
Suffolk
IP6 8AL
Maple Building Services (Essex) Ltd
Statement of financial position
as at 31 August 2019
Cash at bank and in hand
8,245
8,556
Creditors: amounts falling due within one year
(9,627)
(10,387)
Net current assets
1,968
144
Total assets less current liabilities
1,968
144
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
1,967
110
Shareholders' funds
1,968
111
For the year ending 31 August 2019 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 director acknowledges his 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.
Approved by the Board on 4 October 2019.
Mark A Ware
Director
Company Registration No. 08139082
Maple Building Services (Essex) Ltd
Notes to the Accounts
for the year ended 31 August 2019
Maple Building Services (Essex) Ltd is a private company, limited by shares, registered in England and Wales, registration number 08139082. The registered office is 31 High Street, Needham Market, Suffolk, IP6 8AL.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Stocks and work-in-progress 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 expenditure and an appropriate proportion of fixed and variable overheads.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% straight line
Deferred tax 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 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.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Maple Building Services (Essex) Ltd
Notes to the Accounts
for the year ended 31 August 2019
4
Tangible fixed assets
Motor vehicles
At 1 September 2018
15,057
At 1 September 2018
15,057
6
Creditors: amounts falling due within one year
2019
2018
Obligations under finance leases and hire purchase contracts
-
362
Trade creditors
1,210
3,008
Taxes and social security
5,284
4,456
Other creditors
2,888
2,472
Loans from directors
245
89
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 1 (2018: 1).
