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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020 |
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MAEVE CONTRACTORS LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020 |
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MAEVE CONTRACTORS LIMITED |
MAEVE CONTRACTORS LIMITED (REGISTERED NUMBER: 05624472) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2020 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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MAEVE CONTRACTORS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2020 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
34 Lower Richmond Road |
Putney |
London |
SW15 1JP |
MAEVE CONTRACTORS LIMITED (REGISTERED NUMBER: 05624472) |
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BALANCE SHEET |
31 MARCH 2020 |
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31.3.20 | 31.3.19 |
Notes | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Investments | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | 9 |
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SHAREHOLDERS' FUNDS |
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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. |
MAEVE CONTRACTORS LIMITED (REGISTERED NUMBER: 05624472) |
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BALANCE SHEET - continued |
31 MARCH 2020 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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MAEVE CONTRACTORS LIMITED (REGISTERED NUMBER: 05624472) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2020 |
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1. | STATUTORY INFORMATION |
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Maeve Contractors Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | PROPERTY, PLANT AND EQUIPMENT |
Fixtures |
and | Motor |
fittings | vehicles | Totals |
£ | £ | £ |
COST |
At 1 April 2019 |
and 31 March 2020 |
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DEPRECIATION |
At 1 April 2019 |
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Charge for year |
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At 31 March 2020 |
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NET BOOK VALUE |
At 31 March 2020 |
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At 31 March 2019 |
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MAEVE CONTRACTORS LIMITED (REGISTERED NUMBER: 05624472) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2020 |
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5. | DEBTORS |
31.3.20 | 31.3.19 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
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Amounts recoverable on contract |
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Other debtors |
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Amounts falling due after more than one year: |
Other debtors |
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Aggregate amounts |
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6. | CURRENT ASSET INVESTMENTS |
31.3.20 | 31.3.19 |
£ | £ |
Unlisted investments | 516,900 | 298,300 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.20 | 31.3.19 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.3.20 | 31.3.19 |
£ | £ |
Other creditors |
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9. | RESERVES |
Retained |
earnings |
£ |
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At 1 April 2019 |
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Profit for the year |
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Dividends | ( |
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At 31 March 2020 |
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10. | RELATED PARTY DISCLOSURES |
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During the year, total dividends of £82,728 (2019 - £65,600) were paid to the directors . |
MAEVE CONTRACTORS LIMITED (REGISTERED NUMBER: 05624472) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2020 |
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10. | RELATED PARTY DISCLOSURES - continued |
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It is confirmed that the director’s current accounts are debited with personal transactions and credited with |
director’s remuneration as well as dividends. |
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It is confirmed the loan is unsecured, interest free and no repayment terms have been agreed. |
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The balances owing to the directors are as below: |
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Mr A Mackenzie: £596,046 (2019:£686,989) |
Mr C Kennedy: £596,146 (2019:£686,989) |
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AXIS PROPERTY SOLUTIONS LIMITED (09341486) |
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Amount receivable from the above entity towards loan given at the year end date was £516,900 (2019:£298,300) in which Maeve Contractors Limited is a 20% shareholder. |
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MAEVE INVESTMENT SERVICES LIMITED (07560626) |
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Amount owed to the above entity at the year end date was £66,914 (2019: £55,137). The above entity is controlled and managed by the same director's and shareholder's as Maeve Contractors Limited. |
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11. | ULTIMATE CONTROLLING PARTY |
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The company is jointly controlled by director Mr A D Mackenzie and Mr C I M Kennedy each holding 50% of the share capital . |