Company Registration No. 03057052 (England and Wales)
Mayele Limited
Unaudited accounts
for the year ended 31 May 2023
Mayele Limited
Unaudited accounts
Contents
Mayele Limited
Company Information
for the year ended 31 May 2023
Company Number
03057052 (England and Wales)
Registered Office
203 West Street
Fareham
PO16 0EN
England
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
Mayele Limited
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
10,857
12,668
Creditors: amounts falling due within one year
(14,932)
(18,824)
Net current liabilities
(186)
(3,783)
Net assets/(liabilities)
6,490
(3,023)
Called up share capital
2
2
Profit and loss account
6,488
(3,025)
Shareholders' funds
6,490
(3,023)
For the year ending 31 May 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 October 2023 and were signed on its behalf by
R Nightingale
Director
Company Registration No. 03057052
Mayele Limited
Notes to the Accounts
for the year ended 31 May 2023
Mayele Limited is a private company, limited by shares, registered in England and Wales, registration number 03057052. The registered office is 203 West Street, Fareham, PO16 0EN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2022
1,161
507
4,376
6,044
Additions
4,000
3,980
749
8,729
At 31 May 2023
5,161
4,487
5,125
14,773
At 1 June 2022
401
507
4,376
5,284
Charge for the year
1,571
995
247
2,813
At 31 May 2023
1,972
1,502
4,623
8,097
At 31 May 2023
3,189
2,985
502
6,676
At 31 May 2022
760
-
-
760
Mayele Limited
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
Accrued income and prepayments
325
-
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
576
(1,191)
Loans from directors
14,356
20,015
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to director
(20,015)
(2,373)
(8,032)
(14,356)
(20,015)
(2,373)
(8,032)
(14,356)
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).