Company registration number 12876005 (England and Wales)
Make Room Outside Ltd
Unaudited
financial statements
for the period ended 31 December 2023
PAGES FOR FILING WITH REGISTRAR
Make Room Outside Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Make Room Outside Ltd
Statement of financial position
as at 31 December 2023
31 December 2023
- 1 -
31 December 2023
30 September 2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
126,782
Current assets
Debtors
2,993
Cash at bank and in hand
10,122
100
13,115
100
Creditors: amounts falling due within one year
(132,720)
Net current (liabilities)/assets
(119,605)
100
Net assets
7,177
100
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
7,077
Total equity
7,177
100
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial period ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 18 March 2024 and are signed on its behalf by:
J Collins
Director
Company registration number 12876005 (England and Wales)
Make Room Outside Ltd
Notes to the financial statements
for the period ended 31 December 2023
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Turnover is recognised upon provision of services.
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2023
2022
Number
Number
Total
3
1
Make Room Outside Ltd
Notes to the financial statements (continued)
for the period ended 31 December 2023
- 3 -
3
Intangible fixed assets
Total
£
Cost
At 1 October 2022
Additions
126,782
At 31 December 2023
126,782
Amortisation and impairment
At 1 October 2022 and 31 December 2023
Carrying amount
At 31 December 2023
126,782
At 30 September 2022
5
Company information
Make Room Outside Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Wakefield Road, Copley, Halifax, West Yorkshire, HX3 0UA.