Registered number
12546026
SEE WHAT WE CAN MAKE LTD
Filleted Accounts
30 April 2023
SEE WHAT WE CAN MAKE LTD
Registered number: 12546026
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 52,417 53,052
Current assets
Debtors 4 22,303 70,402
Cash at bank and in hand 13,408 55,324
35,711 125,726
Creditors: amounts falling due within one year 5 (25,857) (63,346)
Net current assets 9,854 62,380
Net assets 62,271 115,432
Capital and reserves
Called up share capital 100 100
Profit and loss account 62,171 115,332
Shareholders' funds 62,271 115,432
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 Richard Gronow
Director
Approved by the board on 09.05.23
SEE WHAT WE CAN MAKE LTD
Notes to the Accounts
for the year ended 30 April 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Creditors
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.
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 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2022 72,129 6,531 78,660
Additions 823 12,667 13,490
At 30 April 2023 72,952 19,198 92,150
Depreciation
At 1 May 2022 22,751 2,857 25,608
Charge for the year 10,040 4,085 14,125
At 30 April 2023 32,791 6,942 39,733
Net book value
At 30 April 2023 40,161 12,256 52,417
At 30 April 2022 49,378 3,674 53,052
4 Debtors 2023 2022
£ £
Trade debtors 22,303 70,402
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,487 4,904
Taxation and social security costs 4,097 31,116
Other creditors 19,273 27,326
25,857 63,346
6 Other information
SEE WHAT WE CAN MAKE LTD is a private company limited by shares and incorporated in England & Wales. Its registered office is:
Unit 7
Papermill Road
Cardiff
South Glamorgan
CF11 8DH
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