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No description of principal activity
2022-11-18
Sage Accounts Production Advanced 2023 - FRS102_2023
2,380
2,227
2,227
557
557
1,670
xbrli:pure
xbrli:shares
iso4217:GBP
14492205
2022-11-18
2023-11-30
14492205
2023-11-30
14492205
2022-11-17
14492205
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2022-11-18
2023-11-30
14492205
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2022-11-18
2023-11-30
14492205
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2022-11-18
2023-11-30
14492205
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2022-11-18
2023-11-30
14492205
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2022-11-18
2023-11-30
14492205
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2023-11-30
14492205
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2023-11-30
14492205
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2023-11-30
14492205
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2023-11-30
14492205
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2023-11-30
14492205
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2023-11-30
14492205
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2022-11-18
2023-11-30
14492205
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2023-11-30
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2023-11-30
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2023-11-30
14492205
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2022-11-18
2023-11-30
COMPANY REGISTRATION NUMBER:
14492205
Unaudited Financial Statements |
|
Period from 18 November 2022 to 30 November 2023
Statement of income and retained earnings |
2 |
|
|
Statement of financial position |
3 |
|
|
Notes to the financial statements |
4 |
|
|
The following pages do not form part of the financial statements
Chartered accountants and business advisers report to the board of directors on the preparation of the unaudited statutory financial statements |
8 |
|
|
Period from 18 November 2022 to 30 November 2023
The directors present their report and the unaudited financial statements of the company for the period ended
30 November 2023
.
Directors
The directors who served the company during the period were as follows:
Ms E Morris |
(Appointed
18 November 2022) |
Ms H Pluves |
(Appointed
18 November 2022) |
|
|
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
4 March 2024
and signed on behalf of the board by:
Ms E Morris |
Ms H Pluves |
Director |
Director |
|
|
Registered office: |
Madeup Church Street |
Chirk |
Wrexham |
Clwyd |
United Kingdom |
LL14 5EY |
|
Statement of Income and Retained Earnings |
|
Period from 18 November 2022 to 30 November 2023
|
Period from |
|
18 Nov 22 to |
|
30 Nov 23 |
Note |
£ |
Turnover |
80,044 |
|
|
Cost of sales |
60,477 |
|
-------- |
Gross profit |
19,567 |
|
|
Administrative expenses |
21,947 |
|
-------- |
Operating loss |
(
2,380) |
|
|
|
|
-------- |
Loss before taxation |
5 |
(
2,380) |
|
|
|
Tax on loss |
– |
|
------- |
Loss for the financial period and total comprehensive income |
(
2,380) |
|
------- |
|
|
Retained earnings at the start of the period |
– |
|
------- |
Retained losses at the end of the period |
(
2,380) |
|
------- |
|
|
All the activities of the company are from continuing operations.
Statement of Financial Position |
|
30 November 2023
Fixed assets
Current assets
Stocks |
694 |
Debtors |
7 |
3,382 |
Cash at bank and in hand |
1,598 |
|
------- |
|
5,674 |
|
|
|
Creditors: amounts falling due within one year |
8 |
9,624 |
|
------- |
Net current liabilities |
3,950 |
|
------- |
Total assets less current liabilities |
(
2,280) |
|
------- |
Net liabilities |
(
2,280) |
|
------- |
|
|
|
Capital and reserves
Called up share capital |
100 |
Profit and loss account |
(
2,380) |
|
------- |
Shareholders deficit |
(
2,280) |
|
------- |
|
|
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the period ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
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
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
4 March 2024
, and are signed on behalf of the board by:
Ms E Morris |
Ms H Pluves |
Director |
Director |
|
|
Company registration number:
14492205
Notes to the Financial Statements |
|
Period from 18 November 2022 to 30 November 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Madeup Church Street, Chirk, Wrexham, Clwyd, LL14 5EY, United Kingdom.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The director has prepared the accounts on a going concern basis as the business is going through a transitional period following which the director forecasts strong growth and an improvement in the company's financial position.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Fixtures and fittings |
- |
25% reducing balance |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
The following assets and liabilities within the accounts are classified as financial instruments - trade debtors, trade creditors and directors loans. Directors loans (being repayable upon demand), trade debtors and trade creditors, are measured at the undiscounted amount of cash or other consideration expected to be paid or received. Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found, an impairment loss is recognised in the statement of Income and Retained Earnings.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
2
.
5.
Profit before taxation
Profit before taxation is stated after charging:
|
Period from |
|
18 Nov 22 to |
|
30 Nov 23 |
|
£ |
Depreciation of tangible assets |
557 |
|
---- |
|
|
6.
Tangible assets
|
Fixtures and fittings |
|
£ |
Cost |
|
At 18 November 2022 |
– |
Additions |
2,227 |
|
------- |
At 30 November 2023 |
2,227 |
|
------- |
Depreciation |
|
At 18 November 2022 |
– |
Charge for the period |
557 |
|
------- |
At 30 November 2023 |
557 |
|
------- |
Carrying amount |
|
At 30 November 2023 |
1,670 |
|
------- |
|
|
7.
Debtors
|
30 Nov 23 |
|
£ |
Other debtors |
3,382 |
|
------- |
|
|
8.
Creditors:
amounts falling due within one year
|
30 Nov 23 |
|
£ |
Other creditors |
9,624 |
|
------- |
|
|
9.
Directors' advances, credits and guarantees
The directors operate a current account with the company. The opening balance of this account was £Nil and the closing balance was £5,454 in credit. No interest has been charged in respect of this loan which is repayable on demand and classified in creditors due within one year.
Period from 18 November 2022 to 30 November 2023
The following pages do not form part of the financial statements.
Chartered Accountants and Business Advisers Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
Made Up (Chirk) Limited |
|
Period from 18 November 2022 to 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Made Up (Chirk) Limited for the period ended 30 November 2023, which comprise the statement of income and retained earnings, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Made Up (Chirk) Limited, as a body, in accordance with the terms of our engagement letter dated 5 December 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Made Up (Chirk) Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Made Up (Chirk) Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Made Up (Chirk) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Made Up (Chirk) Limited. You consider that Made Up (Chirk) Limited is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the financial statements of Made Up (Chirk) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
BRUCE ROBERTS & CO LIMITED
Chartered Accountants and Business Advisers
Unit 10, Edison Court
Ellice Way
Wrexham Technology Park
Wrexham
LL13 7YT
4 March 2024