Company Registration No. 8409309 (England and Wales)
MAYFIELDS (UK) LTD
Unaudited accounts
for the year ended 31 March 2020
MAYFIELDS (UK) LTD
Unaudited accounts
Contents
MAYFIELDS (UK) LTD
Company Information
for the year ended 31 March 2020
Directors
Mohammed Shabir
Waqas Naseem
Ravi Talafair
Company Number
8409309 (England and Wales)
Registered Office
UNIT 5 HIGHGATE BUSINESS CENTRE
HIGHGATE ROAD
BIRMINGHAM
B12 8EA
MAYFIELDS (UK) LTD
Statement of financial position
as at 31 March 2020
Tangible assets
11,283
11,609
Cash at bank and in hand
4,795
12,731
Creditors: amounts falling due within one year
(48,167)
(44,853)
Net current assets
4,714
12,147
Total assets less current liabilities
15,997
23,756
Provisions for liabilities
Deferred tax
(1,809)
(2,206)
Called up share capital
200
200
Profit and loss account
13,988
21,350
Shareholders' funds
14,188
21,550
For the year ending 31 March 2020 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 16 September 2020 and were signed on its behalf by
Mohammed Shabir
Director
Company Registration No. 8409309
MAYFIELDS (UK) LTD
Notes to the Accounts
for the year ended 31 March 2020
MAYFIELDS (UK) LTD is a private company, limited by shares, registered in England and Wales, registration number 8409309. The registered office is UNIT 5 HIGHGATE BUSINESS CENTRE, HIGHGATE ROAD, BIRMINGHAM, B12 8EA.
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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 work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
18% Reducing Balance Basis
Computer equipment
18% Reducing Balance Basis
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2019
28,285
10,260
38,545
At 31 March 2020
30,435
10,260
40,695
At 1 April 2019
19,744
7,192
26,936
Charge for the year
1,924
552
2,476
At 31 March 2020
21,668
7,744
29,412
At 31 March 2020
8,767
2,516
11,283
At 31 March 2019
8,541
3,068
11,609
Trade debtors
48,086
44,269
MAYFIELDS (UK) LTD
Notes to the Accounts
for the year ended 31 March 2020
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
47,883
44,618
7
Deferred taxation
2020
2019
Accelerated capital allowances
1,809
2,206
Provision at start of year
2,206
2,690
Credited to the profit and loss account
(397)
(484)
Provision at end of year
1,809
2,206
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
100 Ordinary shares - B of £1 each
100
100
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Average number of employees
During the year the average number of employees was 15 (2019: 12).
