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REGISTERED NUMBER: 07107226 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2022

for

THE DELIGHT MAKERS LTD

THE DELIGHT MAKERS LTD (REGISTERED NUMBER: 07107226)






Contents of the Financial Statements
for the Year Ended 30 November 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE DELIGHT MAKERS LTD

Company Information
for the Year Ended 30 November 2022







DIRECTOR: S Koshare-Edouardes





REGISTERED OFFICE: C/O BWBCA Limited
Dukes Court
Duke Street
Woking
Surrey
GU21 5BH





REGISTERED NUMBER: 07107226 (England and Wales)





ACCOUNTANTS: BWBCA Limited
Dukes Court
Duke Street
Woking
Surrey
GU21 5BH

THE DELIGHT MAKERS LTD (REGISTERED NUMBER: 07107226)

Balance Sheet
30 November 2022

30.11.22 30.11.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 15,503 15,071
Investments 6 90 90
15,593 15,161

CURRENT ASSETS
Stocks 3,625 3,625
Debtors 7 40,916 26,039
Cash at bank 1,285 260
45,826 29,924
CREDITORS
Amounts falling due within one year 8 162,342 130,422
NET CURRENT LIABILITIES (116,516 ) (100,498 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(100,923

)

(85,337

)

CREDITORS
Amounts falling due after more than one
year

9

7,467

10,267
NET LIABILITIES (108,390 ) (95,604 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (109,390 ) (96,604 )
(108,390 ) (95,604 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 DELIGHT MAKERS LTD (REGISTERED NUMBER: 07107226)

Balance Sheet - continued
30 November 2022


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 director and authorised for issue on 23 November 2023 and were signed by:





S Koshare-Edouardes - Director


THE DELIGHT MAKERS LTD (REGISTERED NUMBER: 07107226)

Notes to the Financial Statements
for the Year Ended 30 November 2022

1. STATUTORY INFORMATION

The Delight Makers Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable. The subscriptions are valid for 12 months and relate to newsletters, access to competitions and offers. Subscription income is currently being recognised in the period in which it is received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Artwork for exhibitions - Not depreciated
Website development - Straight line over 3 years
Heritage Asset - Not depreciated
Computer equipment - Straight line over 3 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Going concern
Jewellery sales are expected to continue in future periods due to the ongoing market for The Beatles memorabilia. It is the intention of the company to expand its sale methods to include both a 'lottery' and sponsorship system in order to obtain pieces of jewellery. This is expected to help earn more revenue per item of jewellery. The director has also confirmed that she will continue to support the company to enable it to meet its liabilities as and when they fall due. For these reasons, and because the director is the company's largest creditor, the accounts have been prepared on a going concern basis.

4. EMPLOYEES

The average number of employees during the year was NIL (2021 - NIL).

THE DELIGHT MAKERS LTD (REGISTERED NUMBER: 07107226)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

5. TANGIBLE FIXED ASSETS
Artwork
for Website Heritage Computer
exhibitions development Asset equipment Totals
£    £    £    £    £   
COST
At 1 December 2021 4,363 4,047 9,500 1,066 18,976
Additions - - - 1,604 1,604
Disposals - - - (599 ) (599 )
At 30 November 2022 4,363 4,047 9,500 2,071 19,981
DEPRECIATION
At 1 December 2021 - 2,856 - 1,049 3,905
Charge for year - 1,066 - 106 1,172
Eliminated on disposal - - - (599 ) (599 )
At 30 November 2022 - 3,922 - 556 4,478
NET BOOK VALUE
At 30 November 2022 4,363 125 9,500 1,515 15,503
At 30 November 2021 4,363 1,191 9,500 17 15,071

The heritage asset represents a painted panel from John Lennon's Rolls Royce; this was a sample panel submitted to John Lennon for approval. The panel is included in the accounts at cost. The director has carried out an impairment review at the balance sheet date and considers that there has been no physical deterioration or breakage, and there is no doubt over its authenticity.

The artwork has not been depreciated as, at the point of acquisition, it is considered to have an unlimited useful life; particularly as the artist created artwork for The Beatles during the 60s which has maintained popularity. An impairment review will be undertaken at each year end to confirm with the director that the artwork is still in good condition and that there is no other reason why the value may have been impaired.

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 December 2021
and 30 November 2022 90
NET BOOK VALUE
At 30 November 2022 90
At 30 November 2021 90

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£    £   
Other debtors 40,916 26,039

THE DELIGHT MAKERS LTD (REGISTERED NUMBER: 07107226)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£    £   
Bank loans and overdrafts 2,800 2,800
Trade creditors 11,500 11,500
Other creditors 148,042 116,122
162,342 130,422

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.22 30.11.21
£    £   
Bank loans 7,467 10,267

10. RELATED PARTY DISCLOSURES

Included within other creditors is £131,608 (2021: £99,688) owed to the director. This amount is interest free and repayable upon demand, although the director has confirmed that she will not withdraw her financial support to the detriment of the company or its other creditors.