2022-04-012023-03-312023-03-31false11283776Makastone 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Makastone Ltd

Registered Number
11283776
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

Makastone Ltd
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

Makas, Anna
Makas, Daniel Rafal

Registered Address

Evandale
North Street
Langport
TA10 9RQ

Registered Number

11283776 (England and Wales)
Makastone Ltd
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets51,6673,667
Tangible assets69,86313,166
11,53016,833
Current assets
Stocks2,5004,010
Cash at bank and on hand9,44711,214
11,94715,224
Creditors amounts falling due within one year8(8,284)(10,320)
Net current assets (liabilities)3,6634,904
Total assets less current liabilities15,19321,737
Creditors amounts falling due after one year9(10,183)(14,718)
Provisions for liabilities(1,422)-
Net assets3,5887,019
Capital and reserves
Called up share capital100100
Profit and loss account3,4886,919
Shareholders' funds3,5887,019
The financial statements were approved and authorised for issue by the Board of Directors on 12 October 2023, and are signed on its behalf by:
Makas, Daniel Rafal
Director
Registered Company No. 11283776
Makastone Ltd
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Vehicles25
Office Equipment33
Intangible assets policy
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
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.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
4.Employee information

20232022
Average number of employees during the year23
5.Intangible assets

Total

£
Cost or valuation
At 01 April 2210,000
At 31 March 2310,000
Amortisation and impairment
At 01 April 226,333
Charge for year2,000
At 31 March 238,333
Net book value
At 31 March 231,667
At 31 March 223,667
6.Property, plant and equipment

Total

£
Cost or valuation
At 01 April 2216,863
At 31 March 2316,863
Depreciation and impairment
At 01 April 223,697
Charge for year3,303
At 31 March 237,000
Net book value
At 31 March 239,863
At 31 March 2213,166
7.Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables-3,179
Bank borrowings and overdrafts4,7004,866
Taxation and social security2,6941,260
Other creditors-483
Accrued liabilities and deferred income890532
Total8,28410,320
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
9.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts10,18314,718
Total10,18314,718