MAK DIGITAL COMMUNITY INTEREST COMPANY

Company Registration Number:
05027214 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

MAK DIGITAL COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 July 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

MAK DIGITAL COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 July 2023

2023 2022


£

£
Turnover: 2,560 17,253
Cost of sales: ( 2,744 ) ( 895 )
Gross profit(or loss): (184) 16,358
Administrative expenses: ( 23,198 ) ( 18,724 )
Other operating income: 15,000 1,217
Operating profit(or loss): (8,382) (1,149)
Profit(or loss) before tax: (8,382) (1,149)
Profit(or loss) for the financial year: (8,382) (1,149)

MAK DIGITAL COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 July 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 14,562 13,630
Total fixed assets: 14,562 13,630
Current assets
Cash at bank and in hand: 376 89
Total current assets: 376 89
Creditors: amounts falling due within one year: 4 ( 13,375 ) ( 4,824 )
Net current assets (liabilities): (12,999) (4,735)
Total assets less current liabilities: 1,563 8,895
Total net assets (liabilities): 1,563 8,895
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 1,562 8,894
Total Shareholders' funds: 1,563 8,895

The notes form part of these financial statements

MAK DIGITAL COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 July 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 26 July 2024
and signed on behalf of the board by:

Name: Masood Sadiq
Status: Director

The notes form part of these financial statements

MAK DIGITAL COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Accounts are being prepared on Accrual Basis.

    Tangible fixed assets depreciation policy

    Measured at cost less accumulative depreciation

MAK DIGITAL COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

MAK DIGITAL COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2022 25,683 25,683
Additions 2,550 2,550
Disposals
Revaluations
Transfers
At 31 July 2023 28,233 28,233
Depreciation
At 1 August 2022 12,053 12,053
Charge for year 1,618 1,618
On disposals
Other adjustments
At 31 July 2023 13,671 13,671
Net book value
At 31 July 2023 14,562 14,562
At 31 July 2022 13,630 13,630

MAK DIGITAL COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 311
Taxation and social security 316 212
Other creditors 13,059 4,301
Total 13,375 4,824

COMMUNITY INTEREST ANNUAL REPORT

MAK DIGITAL COMMUNITY INTEREST COMPANY

Company Number: 05027214 (England and Wales)

Year Ending: 31 July 2023

Company activities and impact

The company act as a Media link for communities, utilising all forms of media for dissemination of information to educate and inform in order to improve their lives and involvement within the local community.The company worked with a number of local community organisations including Bradford Council Safer Communities, Radio Hajj FM, Mirage Radio, Bradford Radio Ramadhan, Keighley Ramadhan Radio, Radio Ramadhan Leeds, Bradford Community Broadcasting,BEAP Community Partnership, Iqra Centre, Bradford PHAB and Umeed Welfare Trust

Consultation with stakeholders

The company’s stakeholders are members of the minority communities and are aware of lack of communication between service providers and the local communities. We will endeavour to address some of these issues and build links for dialogue between all concerned.We are in regular dialogue with local community organisations and local area panel officers of local authority in relation to working with people in the area.

Directors' remuneration

No Remunerations were received.

Transfer of assets

No transfer of assets other than for full consideration has been made.

This report was approved by the board of directors on
26 July 2024

And signed on behalf of the board by:
Name: Masood Sadiq
Status: Director