Registered number
08527603
MAKFRY UK LTD
Filleted Accounts
31 May 2023
MAKFRY UK LTD
Registered number: 08527603
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 16,993 21,241
Current assets
Stocks 58,550 131,300
Debtors 4 40,057 (41,498)
Cash at bank and in hand 163,910 141,304
262,517 231,106
Creditors: amounts falling due within one year 5 (230,769) (189,071)
Net current assets 31,748 42,035
Total assets less current liabilities 48,741 63,276
Creditors: amounts falling due after more than one year 6 (31,865) (41,749)
Net assets 16,876 21,527
Capital and reserves
Called up share capital 100 100
Profit and loss account 16,776 21,427
Shareholder's funds 16,876 21,527
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Ruhi Ozcan Duzel
Director
Approved by the board on 24 October 2023
MAKFRY UK LTD
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 8
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2022 6,200 18,750 24,950
At 31 May 2023 6,200 18,750 24,950
Depreciation
At 1 June 2022 3,709 - 3,709
Charge for the year 498 3,750 4,248
At 31 May 2023 4,207 3,750 7,957
Net book value
At 31 May 2023 1,993 15,000 16,993
At 31 May 2022 2,491 18,750 21,241
4 Debtors 2023 2022
£ £
Trade debtors 6,196 (82,539)
Other debtors 33,861 41,041
40,057 (41,498)
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 3,887
Trade creditors 127,597 38,740
Taxation and social security costs 25,271 22,028
Other creditors 77,901 124,416
230,769 189,071
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 31,865 41,749
7 Other information
MAKFRY UK LTD is a private company limited by shares and incorporated in England. Its registered office is:
Northfield House Farm
Rugby Road
Cotesbach
Lutterworth
LE17 4HS
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