ACCOUNTS - Final Accounts

MAPLE BUILDERS LTD - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 falsetrue2021-10-01general builders and joiners22falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 4542264 2021-10-01 2022-09-30 4542264 2020-10-01 2021-09-30 4542264 2022-09-30 4542264 2021-09-30 4542264 2020-10-01 4542264 c:Director1 2021-10-01 2022-09-30 4542264 d:MotorVehicles 2021-10-01 2022-09-30 4542264 d:MotorVehicles 2022-09-30 4542264 d:MotorVehicles 2021-09-30 4542264 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-10-01 2022-09-30 4542264 d:OfficeEquipment 2021-10-01 2022-09-30 4542264 d:OfficeEquipment 2022-09-30 4542264 d:OfficeEquipment 2021-09-30 4542264 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-10-01 2022-09-30 4542264 d:OwnedOrFreeholdAssets 2021-10-01 2022-09-30 4542264 d:CurrentFinancialInstruments 2022-09-30 4542264 d:CurrentFinancialInstruments 2021-09-30 4542264 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 4542264 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 4542264 d:ShareCapital 2022-09-30 4542264 d:ShareCapital 2021-09-30 4542264 d:RetainedEarningsAccumulatedLosses 2022-09-30 4542264 d:RetainedEarningsAccumulatedLosses 2021-09-30 4542264 c:FRS102 2021-10-01 2022-09-30 4542264 c:AuditExempt-NoAccountantsReport 2021-10-01 2022-09-30 4542264 c:FullAccounts 2021-10-01 2022-09-30 4542264 c:PrivateLimitedCompanyLtd 2021-10-01 2022-09-30 4542264 d:AcceleratedTaxDepreciationDeferredTax 2022-09-30 4542264 d:AcceleratedTaxDepreciationDeferredTax 2021-09-30 iso4217:GBP xbrli:pure

Registered number: 4542264

Maple Builders Ltd

Financial statements

For the year ended 30 September 2022


Maple Builders Ltd Registered number:4542264

Balance sheet

As at 30 September 2022

		2022		2021
Note	£	£	£	£

Fixed assets
Tangible assets	4		8,867		11,825
Current assets
Stock	5	85		85
Debtors	6	-		7,468
Cash at bank and in hand	7	26,552		9,268
		26,637		16,821
Creditors: amounts falling due within one year	8	(18,415)		(13,529)
Net current assets			8,222		3,292
Total assets less current liabilities			17,089		15,117
Provisions for liabilities
Deferred tax	9		(1,685)		(2,247)
Net assets			15,404		12,870

Capital and reserves
Called up share capital	100	100
Profit and loss account	15,304	12,770
	15,404	12,870

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board; and were signed on its behalf on 10 March 2023.

I Howell

Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1


Maple Builders Ltd

Notes to the financial statements

For the year ended 30 September 2022

1.	General information

Maple Builders Ltd is a private company limited by shares, incorporated in England and Wales. Its registered office is Construction House, Runwell Road, Wickford, Essex, SS11 7HQ.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Page 2


Maple Builders Ltd

Notes to the financial statements

For the year ended 30 September 2022

2.Accounting policies (continued)

2.3

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided at the following rates:

				Motor vehicles	-	25%
				Plant and equipment	-	25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.4

Stock

Stock is stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.
At each balance sheet date, stock is assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3


Maple Builders Ltd

Notes to the financial statements

For the year ended 30 September 2022

2.Accounting policies (continued)

2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Employees

The average monthly number of employees, including the directors, during the year was as follows:

	2022	2021
	No.	No.

Directors	2	2

Page 4


Maple Builders Ltd

Notes to the financial statements

For the year ended 30 September 2022

4.	Tangible fixed assets

	Motor vehicles	Plant and equipment	Total
	£	£	£
Cost
At 1 October 2021	27,396	18,440	45,836
At 30 September 2022	27,396	18,440	45,836
Depreciation
At 1 October 2021	18,727	15,284	34,011
Charge for the year	2,167	791	2,958
At 30 September 2022	20,894	16,075	36,969
Net book value
At 30 September 2022	6,502	2,365	8,867
At 30 September 2021	8,669	3,156	11,825

5.	Stock
		2022	2021
		£	£

	Raw materials and consumables	85	85

Page 5


Maple Builders Ltd

Notes to the financial statements

For the year ended 30 September 2022

Debtors

					2022	2021
					£	£


Trade debtors	-	510
Other debtors	-	6,958
	-	7,468

7.	Cash and cash equivalents
		2022	2021
		£	£

	Cash at bank and in hand	26,552	9,268

8.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Trade creditors	61	-
Corporation tax	10,537	9,392
Taxation and social security	3,582	251
Other creditors	2,185	1,936
Accruals and deferred income	2,050	1,950
	18,415	13,529

9.	Deferred taxation

	2022	2021
	£	£

At beginning of year	(2,247)	(2,855)
Released during the year	562	608
At end of year	(1,685)	(2,247)

Page 6


Maple Builders Ltd

Notes to the financial statements

For the year ended 30 September 2022

9.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:
	2022	2021
	£	£

Accelerated capital allowances

(1,685)

(2,247)

Page 7