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REGISTERED NUMBER: 10666895 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Makers Cabinet Ltd

Makers Cabinet Ltd (Registered number: 10666895)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Makers Cabinet Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: O Ardagh
N Bier





SECRETARY:





REGISTERED OFFICE: 4-8 Vyner Street
London
E2 9DG





REGISTERED NUMBER: 10666895 (England and Wales)





ACCOUNTANTS: KALA ATKINSON
Chartered Certified Accountants
& Statutory Auditors
43 Upton Lane
London
E7 9PA

Makers Cabinet Ltd (Registered number: 10666895)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,715 67,048

CURRENT ASSETS
Stocks 197,271 225,990
Debtors 5 149,079 126,097
Cash at bank and in hand 13,492 117,904
359,842 469,991
CREDITORS
Amounts falling due within one year 6 183,769 239,724
NET CURRENT ASSETS 176,073 230,267
TOTAL ASSETS LESS CURRENT
LIABILITIES

226,788

297,315

CREDITORS
Amounts falling due after more than one year 7 31,667 48,703
NET ASSETS 195,121 248,612

CAPITAL AND RESERVES
Called up share capital 303 300
Share premium 4,991 4,991
Retained earnings 189,827 243,321
195,121 248,612

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Makers Cabinet Ltd (Registered number: 10666895)

Balance Sheet - continued
31 March 2023


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 17 October 2023 and were signed on its behalf by:




O Ardagh - Director



N Bier - Director


Makers Cabinet Ltd (Registered number: 10666895)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Makers Cabinet 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. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 7 ) .

Makers Cabinet Ltd (Registered number: 10666895)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 87,541
Additions 2,287
Disposals (833 )
At 31 March 2023 88,995
DEPRECIATION
At 1 April 2022 20,493
Charge for year 17,787
At 31 March 2023 38,280
NET BOOK VALUE
At 31 March 2023 50,715
At 31 March 2022 67,048

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 45,815 12,498
Other debtors 103,264 113,599
149,079 126,097

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 52,505 69,280
Trade creditors 76,175 109,124
Taxation and social security (5,391 ) 19,638
Other creditors 60,480 41,682
183,769 239,724

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 31,667 48,703

Makers Cabinet Ltd (Registered number: 10666895)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.23 31.3.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 48,703