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REGISTERED NUMBER: 04490083 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 FEBRUARY 2022 TO 31 JULY 2023

FOR

MACHEN ASSOCIATES LIMITED

MACHEN ASSOCIATES LIMITED (REGISTERED NUMBER: 04490083)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 1 February 2022 to 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MACHEN ASSOCIATES LIMITED

COMPANY INFORMATION
For The Period 1 February 2022 to 31 July 2023







DIRECTOR: P Machen





SECRETARY: L Machen





REGISTERED OFFICE: 35 Tudor Crescent
Otford
Kent
TN14 5QT





REGISTERED NUMBER: 04490083 (England and Wales)





ACCOUNTANTS: Robsons Accountants
19 Montpelier Avenue
Bexley
Kent
DA5 3AP

MACHEN ASSOCIATES LIMITED (REGISTERED NUMBER: 04490083)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,198 1,119
1,198 1,119

CURRENT ASSETS
Debtors 6 2,236 2,752
Cash at bank and in hand 7,092 8,263
9,328 11,015
CREDITORS
Amounts falling due within one year 7 (8,675 ) (8,907 )
NET CURRENT ASSETS 653 2,108
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,851

3,227

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,751 3,127
SHAREHOLDERS' FUNDS 1,851 3,227

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MACHEN ASSOCIATES LIMITED (REGISTERED NUMBER: 04490083)

BALANCE SHEET - continued
31 July 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 director and authorised for issue on 13 October 2023 and were signed by:





P Machen - Director


MACHEN ASSOCIATES LIMITED (REGISTERED NUMBER: 04490083)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 1 February 2022 to 31 July 2023

1. STATUTORY INFORMATION

Machen Associates Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

MACHEN ASSOCIATES LIMITED (REGISTERED NUMBER: 04490083)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 February 2022 to 31 July 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 July 2023 32,875
AMORTISATION
At 1 February 2022
and 31 July 2023 32,875
NET BOOK VALUE
At 31 July 2023 -
At 31 January 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 February 2022 11,906 1,929 13,835
Additions 479 - 479
At 31 July 2023 12,385 1,929 14,314
DEPRECIATION
At 1 February 2022 11,360 1,356 12,716
Charge for period 257 143 400
At 31 July 2023 11,617 1,499 13,116
NET BOOK VALUE
At 31 July 2023 768 430 1,198
At 31 January 2022 546 573 1,119

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,236 2,752

MACHEN ASSOCIATES LIMITED (REGISTERED NUMBER: 04490083)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 February 2022 to 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 6,486 1,432
VAT 774 1,735
Directors' current accounts 65 4,390
Accrued expenses 1,350 1,350
8,675 8,907