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REGISTERED NUMBER: 07542379 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

MACWORKS LIMITED

MACWORKS LIMITED (REGISTERED NUMBER: 07542379)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MACWORKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: I J McClellan
E E McClellan





SECRETARY: E E McClellan





REGISTERED OFFICE: Easby Cottage
11 Church Row
Melsonby
Richmond
North Yorkshire
DL10 5LX





REGISTERED NUMBER: 07542379 (England and Wales)





ACCOUNTANTS: Ribchesters
Chartered Accountants
Finchale House
Belmont Business Park
Durham
DH1 1TW

MACWORKS LIMITED (REGISTERED NUMBER: 07542379)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,117 2,970
Investments 5 184,627 80,275
186,744 83,245

CURRENT ASSETS
Cash at bank 97,385 149,557

CREDITORS
Amounts falling due within one year 6 107,236 7,663
NET CURRENT (LIABILITIES)/ASSETS (9,851 ) 141,894
TOTAL ASSETS LESS CURRENT
LIABILITIES

176,893

225,139

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 176,793 225,039
SHAREHOLDERS' FUNDS 176,893 225,139

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2023 and were signed on its behalf by:





I J McClellan - Director


MACWORKS LIMITED (REGISTERED NUMBER: 07542379)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Macworks 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Fixed asset investments
Investments in subsidiaries, associates and other shares, including where not considered to be enough control to be an associate, are measured using the cost model, being at original cost, less accumulated impairment.

3. EMPLOYEES AND DIRECTORS

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

MACWORKS LIMITED (REGISTERED NUMBER: 07542379)

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
and 31 March 2023 9,492
DEPRECIATION
At 1 April 2022 6,522
Charge for year 853
At 31 March 2023 7,375
NET BOOK VALUE
At 31 March 2023 2,117
At 31 March 2022 2,970

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 April 2022 80,275
Additions 104,352
At 31 March 2023 184,627
NET BOOK VALUE
At 31 March 2023 184,627
At 31 March 2022 80,275

Fixed Asset Investments are valued at cost.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 107,236 7,663

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

MACWORKS LIMITED (REGISTERED NUMBER: 07542379)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. RELATED PARTY DISCLOSURES

During the year the company received dividends of £37,375 (2022: £207,070) from its 100% investment in Multi Media Creative Limited (registered company number 08850909).

During the year the directors maintained an interest free loan to the company. As at the balance sheet date the total balance outstanding was £181 (2022: £13).