MAY FIGURES LTD


2020-04-012021-03-312021-03-31false08433475MAY FIGURES 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MAY FIGURES LTD

Registered Number
08433475
(England and Wales)

Unaudited Financial Statements for the Year Ended
31 March 2021

MAY FIGURES LTD
Company Information
for the year from 1 April 2020 to 31 March 2021

Directors

MAY, Julia Mary, Lady

Registered Address

6b Parkway Porters Wood
St. Albans
AL3 6PA

Registered Number

08433475 (England and Wales)
MAY FIGURES LTD
Statement of Financial Position
31 March 2021

Notes

2021

2020

£

£

£

£

Fixed assets
Tangible assets61,1322,481
1,1322,481
Current assets
Debtors215,187214,544
Cash at bank and on hand327,238442,846
542,425657,390
Creditors amounts falling due within one year(367,321)(277,524)
Net current assets (liabilities)175,104379,866
Total assets less current liabilities176,236382,347
Net assets176,236382,347
Capital and reserves
Called up share capital100100
Profit and loss account176,136382,247
Shareholders' funds176,236382,347
  • The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
  • The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved and authorised for issue by the Director on 22 December 2021, and are signed on its behalf by:
MAY, Julia Mary, Lady
Director
Registered Company No. 08433475
MAY FIGURES LTD
Notes to the Financial Statements
for the year ended 31 March 2021

1.STATUTORY INFORMATION
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.COMPLIANCE WITH APPLICABLE REPORTING FRAMEWORK
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.PRINCIPAL ACTIVITIES
The principal activity of the company is that of Research and Development Taxation Accountants
4.ACCOUNTING POLICIES
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:




Straight line (years)

Fixtures and fittings3
Office Equipment3
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.EMPLOYEE INFORMATION




2021



2020

Average number of employees during the year65
6.PROPERTY, PLANT AND EQUIPMENT



Total
£

Cost or valuation
At 01 April 207,158
Additions1,429
At 31 March 218,587
Depreciation and impairment
At 01 April 204,676
Charge for year2,779
At 31 March 217,456
Net book value
At 31 March 211,132
At 31 March 202,481