Mako Events Ltd 09408168 false 2022-02-01 2023-01-31 2023-01-31 The principal activity of the company is managing pubs. Digita Accounts Production Advanced 6.30.9574.0 true true 09408168 2022-02-01 2023-01-31 09408168 2023-01-31 09408168 bus:Director1 1 2023-01-31 09408168 bus:Director2 1 2023-01-31 09408168 bus:OrdinaryShareClass1 2023-01-31 09408168 core:CurrentFinancialInstruments 2023-01-31 09408168 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 09408168 core:Non-currentFinancialInstruments 2023-01-31 09408168 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 09408168 core:FurnitureFittingsToolsEquipment 2023-01-31 09408168 core:MotorVehicles 2023-01-31 09408168 bus:SmallEntities 2022-02-01 2023-01-31 09408168 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 09408168 bus:FullAccounts 2022-02-01 2023-01-31 09408168 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 09408168 bus:RegisteredOffice 2022-02-01 2023-01-31 09408168 bus:Director1 2022-02-01 2023-01-31 09408168 bus:Director1 1 2022-02-01 2023-01-31 09408168 bus:Director2 2022-02-01 2023-01-31 09408168 bus:Director2 1 2022-02-01 2023-01-31 09408168 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 09408168 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 09408168 bus:Agent1 2022-02-01 2023-01-31 09408168 core:FurnitureFittingsToolsEquipment 2022-02-01 2023-01-31 09408168 core:MotorVehicles 2022-02-01 2023-01-31 09408168 countries:AllCountries 2022-02-01 2023-01-31 09408168 2022-01-31 09408168 bus:Director1 1 2022-01-31 09408168 bus:Director2 1 2022-01-31 09408168 core:FurnitureFittingsToolsEquipment 2022-01-31 09408168 core:MotorVehicles 2022-01-31 09408168 2021-02-01 2022-01-31 09408168 2022-01-31 09408168 bus:OrdinaryShareClass1 2022-01-31 09408168 core:CurrentFinancialInstruments 2022-01-31 09408168 core:CurrentFinancialInstruments core:WithinOneYear 2022-01-31 09408168 core:Non-currentFinancialInstruments 2022-01-31 09408168 core:Non-currentFinancialInstruments core:AfterOneYear 2022-01-31 09408168 core:FurnitureFittingsToolsEquipment 2022-01-31 09408168 core:MotorVehicles 2022-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09408168

Mako Events Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2023

 

Mako Events Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

Mako Events Ltd

Company Information

Director

Miss Rebecca Andrews

Registered office

5th Floor, Intergen House
65-67 Western Road
Hove, BN3 2JQ

Accountants

Blue Spire Limited
Chartered Accountants
Fifth Floor, Intergen House
65-67 Western Road
Hove, BN3 2JQ.

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Mako Events Ltd
for the Year Ended 31 January 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Mako Events Ltd for the year ended 31 January 2023 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Mako Events Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Mako Events Ltd and state those matters that we have agreed to state to the Board of Directors of Mako Events Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mako Events Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Mako Events Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Mako Events Ltd. You consider that Mako Events Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Mako Events Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Blue Spire Limited
Chartered Accountants
Fifth Floor, Intergen House
65-67 Western Road
Hove, BN3 2JQ.

23 October 2023

 

Mako Events Ltd

(Registration number: 09408168)
Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

3,040

4,053

Current assets

 

Stocks

5

450

450

Debtors

6

8,635

193,586

Cash at bank and in hand

 

78,088

57,888

 

87,173

251,924

Creditors: Amounts falling due within one year

7

(59,586)

(213,126)

Net current assets

 

27,587

38,798

Total assets less current liabilities

 

30,627

42,851

Creditors: Amounts falling due after more than one year

7

(25,284)

(34,564)

Provisions for liabilities

(578)

(770)

Net assets

 

4,765

7,517

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

4,764

7,516

Shareholders' funds

 

4,765

7,517

For the financial year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 October 2023
 

.........................................
Miss Rebecca Andrews
Director

   
     
 

Mako Events Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
5th Floor, Intergen House
65-67 Western Road
Hove, BN3 2JQ

The principal place of business is:
159-161 King's Road
Arches
Brighton
East Sussex
BN1 1NB

These financial statements were authorised for issue by the director on 23 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Mako Events Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixture, fitting and equipment

25% reducing balance

Motor vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Mako Events Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 19 (2022 - 26).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2022

7,793

12,000

19,793

At 31 January 2023

7,793

12,000

19,793

Depreciation

At 1 February 2022

5,876

9,864

15,740

Charge for the year

479

534

1,013

At 31 January 2023

6,355

10,398

16,753

Carrying amount

At 31 January 2023

1,438

1,602

3,040

At 31 January 2022

1,917

2,136

4,053

5

Stocks

2023
£

2022
£

Other inventories

450

450

6

Debtors

Current

2023
£

2022
£

Trade debtors

3,611

-

Other debtors

5,024

193,586

 

8,635

193,586

 

Mako Events Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9

9,500

9,400

Trade creditors

 

472

-

Taxation and social security

 

30,362

25,642

Accruals and deferred income

 

2,215

2,215

Other creditors

 

17,037

175,869

 

59,586

213,126

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

25,284

34,564

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £0.01 each

100

1

100

1

         

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

25,284

34,564

2023
£

2022
£

Current loans and borrowings

Bank borrowings

9,500

9,400

 

Mako Events Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

10

Dividends

   

2023

 

2022

   

£

 

£

Interim dividend of £360.00 (2022 - £1,800.00) per ordinary share

 

36,000

 

180,000

         

11

Related party transactions

2023

At 1 February 2022
£

Advances to director
£

Repayments by director
£

At 31 January 2023
£

Mr Matthew Andrews

Balance owed (to)/from directors

(89,459)

118,633

(38,040)

(8,866)

         
       

Miss Rebecca Andrews

Balance owed (to)/from directors

(86,328)

122,245

(41,642)

(5,725)