REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 November 2022 |
for |
THE DELIGHT MAKERS LTD |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investments | 6 |
CURRENT ASSETS |
Stocks |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
9 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
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 |
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 |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Artwork for exhibitions | - |
Website development | - |
Heritage Asset | - |
Computer equipment | - |
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 |
Additions |
Disposals | ( |
) | ( |
) |
At 30 November 2022 |
DEPRECIATION |
At 1 December 2021 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 30 November 2022 |
NET BOOK VALUE |
At 30 November 2022 |
At 30 November 2021 |
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 |
NET BOOK VALUE |
At 30 November 2022 |
At 30 November 2021 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.22 | 30.11.21 |
£ | £ |
Other debtors |
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 |
Trade creditors |
Other creditors |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.11.22 | 30.11.21 |
£ | £ |
Bank loans |
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. |