IRIS Accounts Production v23.2.0.158 02133098 Board of Directors 31.3.22 30.3.23 30.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh021330982022-03-30021330982023-03-30021330982022-03-312023-03-30021330982021-03-30021330982021-03-312022-03-30021330982022-03-3002133098ns10:Originalns15:EnglandWales2022-03-312023-03-3002133098ns14:PoundSterlingns10:Original2022-03-312023-03-3002133098ns10:Originalns10:Director12022-03-312023-03-3002133098ns10:Original2022-03-312023-03-3002133098ns10:Original2023-03-3002133098ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-312023-03-3002133098ns10:Originalns10:SmallEntities2022-03-312023-03-3002133098ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-312023-03-3002133098ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-312023-03-3002133098ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-312023-03-3002133098ns10:Originalns10:FullAccounts2022-03-312023-03-3002133098ns10:Original12022-03-312023-03-3002133098ns10:Originalns10:Director22022-03-312023-03-3002133098ns10:Originalns10:Director32022-03-312023-03-3002133098ns10:CompanySecretary1ns10:Original2022-03-312023-03-3002133098ns10:Originalns10:RegisteredOffice2022-03-312023-03-3002133098ns10:Original2022-03-3002133098ns10:Originalns5:CurrentFinancialInstruments2023-03-3002133098ns10:Originalns5:CurrentFinancialInstruments2022-03-3002133098ns10:Originalns5:Non-currentFinancialInstruments2023-03-3002133098ns10:Originalns5:Non-currentFinancialInstruments2022-03-3002133098ns5:ShareCapitalns10:Original2023-03-3002133098ns5:ShareCapitalns10:Original2022-03-3002133098ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3002133098ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3002133098ns10:Originalns5:PlantMachinery2022-03-312023-03-3002133098ns10:Original2021-03-312022-03-3002133098ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-03-3002133098ns5:IntangibleAssetsOtherThanGoodwillns10:Original2023-03-3002133098ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-03-3002133098ns10:Originalns5:PlantMachinery2022-03-3002133098ns10:Originalns5:PlantMachinery2023-03-3002133098ns10:Originalns5:PlantMachinery2022-03-3002133098ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-03-3002133098ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-03-312023-03-3002133098ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3002133098ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-03-3002133098ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3002133098ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3002133098ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3002133098ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-30
REGISTERED NUMBER: 02133098 (England and Wales)















Financial Statements for the Year Ended 30 March 2023

for

Machmade Limited

Machmade Limited (Registered number: 02133098)






Contents of the Financial Statements
for the Year Ended 30 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Machmade Limited

Company Information
for the Year Ended 30 March 2023







DIRECTORS: R J Illingworth
N P Illingworth
D J Illingworth





SECRETARY: R J Illingworth





REGISTERED OFFICE: Unit 2, Deltic House
Deltic Way
Knowsley Industrial Park
Liverpool
Merseyside
L33 7BA





REGISTERED NUMBER: 02133098 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Machmade Limited (Registered number: 02133098)

Balance Sheet
30 March 2023

30.3.23 30.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 215,664 204,377
215,664 204,377

CURRENT ASSETS
Stocks 64,100 64,100
Debtors 6 313,789 367,204
Cash at bank and in hand 159,487 274,325
537,376 705,629
CREDITORS
Amounts falling due within one year 7 435,071 494,346
NET CURRENT ASSETS 102,305 211,283
TOTAL ASSETS LESS CURRENT
LIABILITIES

317,969

415,660

CREDITORS
Amounts falling due after more than one
year

8

(229,167

)

(339,167

)

PROVISIONS FOR LIABILITIES (24,461 ) (24,461 )
NET ASSETS 64,341 52,032

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 64,241 51,932
SHAREHOLDERS' FUNDS 64,341 52,032

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

Machmade Limited (Registered number: 02133098)

Balance Sheet - continued
30 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 February 2024 and were signed on its behalf by:





R J Illingworth - Director


Machmade Limited (Registered number: 02133098)

Notes to the Financial Statements
for the Year Ended 30 March 2023

1. STATUTORY INFORMATION

Machmade 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.

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


The principal activity of the company was as a franchise holder of Dyno-Rod PLC, which repairs and rebuilds all aspects of plumbing and drainage installations, both commercial and domestic.

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.

The directors have considered the consequences of COVID-19 and other events and conditions, and they have determined that they do not create a material uncertainty that casts significant doubt upon the entity’s ability to continue as a going concern.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is the fair value of consideration receivable of consideration received or receivable from the supply drainage cleaning systems excluding discounts, vat and rebates. Turnover is recognised during the course of the contract based on measured works completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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


Machmade Limited (Registered number: 02133098)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2023

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Assets held under finances leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their estimated useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 68 (2022 - 60 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 31 March 2022
and 30 March 2023 122,500
AMORTISATION
At 31 March 2022
and 30 March 2023 122,500
NET BOOK VALUE
At 30 March 2023 -
At 30 March 2022 -

Machmade Limited (Registered number: 02133098)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 March 2022 1,032,957
Additions 74,047
At 30 March 2023 1,107,004
DEPRECIATION
At 31 March 2022 828,580
Charge for year 62,760
At 30 March 2023 891,340
NET BOOK VALUE
At 30 March 2023 215,664
At 30 March 2022 204,377

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 31 March 2022 105,252
Additions 48,980
At 30 March 2023 154,232
DEPRECIATION
At 31 March 2022 32,259
Charge for year 30,846
At 30 March 2023 63,105
NET BOOK VALUE
At 30 March 2023 91,127
At 30 March 2022 72,993

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.23 30.3.22
£    £   
Trade debtors 228,463 282,915
Other debtors 85,326 84,289
313,789 367,204

Machmade Limited (Registered number: 02133098)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.23 30.3.22
£    £   
Bank loans and overdrafts 110,000 110,000
Hire purchase contracts (see note 9) 84,160 28,801
Trade creditors 58,864 199,965
Taxation and social security 147,361 140,612
Other creditors 34,686 14,968
435,071 494,346

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.3.23 30.3.22
£    £   
Bank loans 229,167 339,167

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.3.23 30.3.22
£    £   
Net obligations repayable:
Within one year 84,160 28,801

10. SECURED DEBTS

The following secured debts are included within creditors:

30.3.23 30.3.22
£    £   
Hire purchase contracts 84,160 28,801

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Mr R Illingworth, a director operates a current account to which transactions of a private nature are charged. Included in other debtors as at 31st March 2023 is £352 (2022, £352) owed to the company. The loan is repayable on demand and interest free.

Mrs D Illingworth, a director operates a current account to which transactions of a private nature are charged. Included in other debtors as at 31st March 2023 is £3,774 (2022, £3,774) owed to the company. The loan is repayable on demand and interest free.

Mr N Illingworth, a director operates a current account to which transactions of a private nature are charged. Included in other debtors as at 31st March 2023 is £10,806 (2022, £7,054) owed to the company. The loan is repayable on demand and interest free.

12. RELATED PARTY DISCLOSURES

Included in debtors at 31st March 2023 is £49,113 (2022, £47,113) owed from related parties under common control. The loans are repayable on demand and interest free.