Maverick HR Ltd - Accounts to registrar (filleted) - small 23.1.2

Maverick HR Ltd - Accounts to registrar (filleted) - small 23.1.2

MAVERICK HR LTD - Company Information

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REGISTERED NUMBER: 05510457 (England and Wales)











Maverick HR Ltd

Unaudited Financial Statements

for the Year Ended 30 September 2022





Haines Watts
6 Charter Point Way
Ashby Business Park
Ashby De La Zouch
Leicestershire
LE65 1NF








Maverick HR Ltd (Registered number: 05510457)

Contents of the Financial Statements
for the Year Ended 30 September 2022










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Maverick HR Ltd

Company Information
for the Year Ended 30 September 2022







DIRECTORS: Mrs L Dale
Miss C Dale





REGISTERED OFFICE: Fern Bank
The Green
Swanwick
Alfreton
Derbyshire
DE55 1BL





REGISTERED NUMBER: 05510457 (England and Wales)





ACCOUNTANTS: Haines Watts
6 Charter Point Way
Ashby Business Park
Ashby De La Zouch
Leicestershire
LE65 1NF
Page 1
Maverick HR Ltd (Registered number: 05510457)

Statement of Financial Position
30 September 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,111 2,376

CURRENT ASSETS
Debtors 6 16,410 17,478

CREDITORS
Amounts falling due within one year 7 38,090 37,679
NET CURRENT LIABILITIES (21,680 ) (20,201 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(19,569
)
(17,825
)

CREDITORS
Amounts falling due after more than one
year
8
(11,883
)
(16,867
)

PROVISIONS FOR LIABILITIES (401 ) (451 )
NET LIABILITIES (31,853 ) (35,143 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (31,953 ) (35,243 )
SHAREHOLDERS' FUNDS (31,853 ) (35,143 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 April 2023 and were signed on its behalf by:





Mrs L Dale - Director


The notes form part of these financial statements

Page 2
Maverick HR Ltd (Registered number: 05510457)

Notes to the Financial Statements
for the Year Ended 30 September 2022


1. STATUTORY INFORMATION

Maverick HR Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These accounts have been prepared on the Going Concern basis. The directors and shareholders will continue to support the company for the foreseeable future.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgement, estimates and assumptions about carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is measure at the fair value of the consideration received or receivable, excluding discounts and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Page 3 continued...
Maverick HR Ltd (Registered number: 05510457)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2022


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2021 6,894
Additions 166
Disposals (155 )
At 30 September 2022 6,905
DEPRECIATION
At 1 October 2021 4,518
Charge for year 373
Eliminated on disposal (97 )
At 30 September 2022 4,794
NET BOOK VALUE
At 30 September 2022 2,111
At 30 September 2021 2,376

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 7,746 8,814
Other debtors 8,664 8,664
16,410 17,478

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 8,893 9,097
Trade creditors 1,882 1,046
Taxation and social security 10,663 13,283
Other creditors 16,652 14,253
38,090 37,679

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 11,883 16,867

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

Page 4 continued...
Maverick HR Ltd (Registered number: 05510457)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2022


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the director made loans to the company. These loans are interest free and repayable on demand.The balance at the year end was £1,686 (2021 - £878).

Page 5