Mayfield Morrison Limited 30/04/2022 iXBRL

MAYFIELD MORRISON LIMITED - Company Information

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Company registration number: 05093165

MAYFIELD MORRISON LIMITED

30 April 2022

HEYWOODS

Chartered Accountants

Countrywide House

Knights Way

Shrewsbury

Shropshire

SY1 3AB

MAYFIELD MORRISON LIMITED

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

MAYFIELD MORRISON LIMITED

DIRECTORS AND OTHER INFORMATION


	Directors	Mr D K Webb-Thomas
		Mrs S E Webb-Thomas


	Secretary	Mrs S E Webb-Thomas


	Company number	05093165


	Registered office	62 Upper Road
		Shrewsbury
		Shropshire
		SY3 9JP


	Business address	62 Upper Road
		Shrewsbury
		Shropshire
		SY3 9JP


	Accountants	Heywoods
		Countrywide House
		Knights Way
		Shrewsbury
		Shropshire
		SY1 3AB

MAYFIELD MORRISON LIMITED

CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE

UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MAYFIELD MORRISON LIMITED

YEAR ENDED 30 APRIL 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mayfield Morrison Limited for the year ended 30 April 2022 as set out on pages 5 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Mayfield Morrison Limited, as a body, in accordance with the terms of our engagement letter dated 22 May 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Mayfield Morrison Limited and state those matters that we have agreed to state to the board of directors of Mayfield Morrison Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mayfield Morrison Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Mayfield Morrison Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mayfield Morrison Limited. You consider that Mayfield Morrison Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mayfield Morrison Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Heywoods

Chartered Accountants

Countrywide House

Knights Way

Shrewsbury

Shropshire

SY1 3AB

30 September 2022

MAYFIELD MORRISON LIMITED

STATEMENT OF FINANCIAL POSITION

30 APRIL 2022

		2022		2021
	Note	£	£	£	£

Fixed assets
Tangible assets	5	2,779		3,149
		_______		_______
			2,779		3,149

Current assets
Debtors	6	7,170		8,554
Cash at bank and in hand		37,562		28,053
		_______		_______
		44,732		36,607
Creditors: amounts falling due
within one year	7	( 22,568)		( 21,185)
		_______		_______
Net current assets			22,164		15,422
			_______		_______
Total assets less current liabilities			24,943		18,571


Provisions for liabilities			( 528)		( 598)

			_______		_______
Net assets			24,415		17,973
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			24,315		17,873
			_______		_______
Shareholders funds			24,415		17,973
			_______		_______

For the year ending 30 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

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

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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 comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 23 September 2022 , and are signed on behalf of the board by:

Mr D K Webb-Thomas

Director

Company registration number: 05093165

MAYFIELD MORRISON LIMITED

STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 30 APRIL 2022

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 May 2020	100	15,319	15,419

Profit for the year		32,554	32,554
	_______	_______	_______
Total comprehensive income for the year	-	32,554	32,554

Dividends paid and payable		( 30,000)	( 30,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 30,000)	( 30,000)

	_______	_______	_______
At 30 April 2021 and 1 May 2021	100	17,873	17,973

Profit for the year		28,442	28,442
	_______	_______	_______
Total comprehensive income for the year	-	28,442	28,442

Dividends paid and payable		( 22,000)	( 22,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 22,000)	( 22,000)

	_______	_______	_______
At 30 April 2022	100	24,315	24,415
	_______	_______	_______

MAYFIELD MORRISON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 62 Upper Road, Shrewsbury, Shropshire, SY3 9JP.

2. Statement of compliance

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

Turnover

Turnover is measured at the value of the consideration received or receivable for services supplied, net of discounts and Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

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:


Fittings fixtures and equipment	-	15 %	reducing balance

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price.

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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2021: 3 ).

5. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 May 2021	6,386	-	6,386
Additions	150	-	150
Disposals	-	( 228)	( 228)
	_______	_______	_______
At 30 April 2022	6,536	( 228)	6,308
	_______	_______	_______
Depreciation
At 1 May 2021	3,237	-	3,237
Charge for the year	477	-	477
Disposals	-	( 185)	( 185)
	_______	_______	_______
At 30 April 2022	3,714	( 185)	3,529
	_______	_______	_______
Carrying amount
At 30 April 2022	2,822	( 43)	2,779
	_______	_______	_______
At 30 April 2021	3,149	-	3,149
	_______	_______	_______

6. Debtors

	2022	2021
	£	£
Trade debtors	6,078	8,100
Other debtors	1,092	454
	_______	_______
	7,170	8,554
	_______	_______

7. Creditors: amounts falling due within one year

	2022	2021
	£	£
Trade creditors	510	1,188
Corporation tax	6,731	7,433
Social security and other taxes	7,873	6,580
Other creditors	7,454	5,984
	_______	_______
	22,568	21,185
	_______	_______

8. Directors advances, credits and guarantees

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

2022
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr D K Webb-Thomas	( 2,397)	( 1,507)	( 3,904)
		_______	_______	_______

2021
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr D K Webb-Thomas	( 955)	( 1,442)	( 2,397)
		_______	_______	_______