Maple Well Operations Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09848966

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

MAPLE WELL OPERATIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K M Everitt

Mrs C Everitt

SECRETARY:

Mrs C Everitt

REGISTERED OFFICE:

Lothing House

Quay View Business Park

Lowestoft

Suffolk

NR32 2HD

REGISTERED NUMBER:

09848966

ACCOUNTANTS:

Juler Tooke

Lothing House

Quay View Business Park

Barnards Way

Lowestoft

Suffolk

NR32 2HD

FIXED ASSETS

Tangible assets

4

17,525

18,541

CURRENT ASSETS

Debtors

5

3,881

3,572

Cash at bank

105,165

86,125

109,046

89,697

CREDITORS

Amounts falling due within one year

6

(27,320

)

(28,303

)

NET CURRENT ASSETS

81,726

61,394

TOTAL ASSETS LESS CURRENT LIABILITIES

99,251

79,935

CREDITORS

Amounts falling due after more than one year

7

(10,719

)

(14,103

)

PROVISIONS FOR LIABILITIES

(3,330

)

(3,523

)

NET ASSETS

85,202

62,309

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

85,102

62,209

SHAREHOLDERS' FUNDS

85,202

62,309

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 June 2020 and were signed on its behalf by:

K M Everitt - Director

Mrs C Everitt - Director

1.	STATUTORY INFORMATION

Maple Well Operations Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

23,642

Additions

2,991

At 31 March 2020

26,633

DEPRECIATION

At 1 April 2019

5,101

Charge for year

4,007

At 31 March 2020

9,108

NET BOOK VALUE

At 31 March 2020

17,525

At 31 March 2019

18,541

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

3,600

3,072

Other debtors

281

500

3,881

3,572

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

7,087

5,844

Taxation and social security

17,760

20,783

Other creditors

2,473

1,676

27,320

28,303

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Hire purchase contracts

10,719

14,103

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £52,000 (2019 - £45,000) were paid to the directors .

The company operates a loan account with the directors and the balance at 31st March 2020 amounted to £2,473.