Maryland Trading Company Limited - Period Ending 2021-09-30

Maryland Trading Company Limited

Contents

Company Information	1
Abridged Balance Sheet	2
Notes to the Unaudited Abridged Financial Statements	3 to 4

Maryland Trading Company Limited

Company Information

Director

Mrs. M. Schwarzmann

Registered office

Grosvenor House, 100-102, Beverley Road, Hull East Yorkshire HU3 1YA

Accountants

Norrie Gibson & Co.Limited Chartered Accountants Grosvenor House, 100-102, Beverley Road, Hull East Yorkshire HU3 1YA

Maryland Trading Company Limited

(Registration number: 08046272)
Abridged Balance Sheet as at 30 September 2021

	Note	2021 £	2020 £
Current assets
Debtors		100	100
Cash at bank and in hand		62,429	31,757
		62,529	31,857
Creditors: Amounts falling due within one year		(17,414)	(11,765)
Total assets less current liabilities		45,115	20,092
Accruals and deferred income		(420)	(480)
Net assets		44,695	19,612
Capital and reserves
Called up share capital		100	100
Profit and loss account		44,595	19,512
Shareholders' funds		44,695	19,612

For the financial year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 22 October 2021
 

.........................................

Mrs. M. Schwarzmann
Director

Maryland Trading Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2021

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Grosvenor House,
100-102, Beverley Road,
Hull
East Yorkshire
HU3 1YA
United Kingdom

These financial statements were authorised for issue by the director on 22 October 2021.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Maryland Trading Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2021

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2020 - 1).

4	Parent and ultimate parent undertaking

The ultimate controlling party is Mrs.M.Schwarzmann.