2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 4,971 4,971 3,920 3,920 1,051 xbrli:pure xbrli:shares iso4217:GBP 10668566 2023-04-01 2024-03-31 10668566 2024-03-31 10668566 2023-03-31 10668566 2022-04-01 2023-03-31 10668566 2023-03-31 10668566 2022-03-31 10668566 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 10668566 bus:Director1 2023-04-01 2024-03-31 10668566 bus:Director2 2023-04-01 2024-03-31 10668566 core:WithinOneYear 2024-03-31 10668566 core:WithinOneYear 2023-03-31 10668566 core:ShareCapital 2024-03-31 10668566 core:ShareCapital 2023-03-31 10668566 core:RetainedEarningsAccumulatedLosses 2024-03-31 10668566 core:RetainedEarningsAccumulatedLosses 2023-03-31 10668566 bus:SmallEntities 2023-04-01 2024-03-31 10668566 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10668566 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10668566 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10668566 bus:FullAccounts 2023-04-01 2024-03-31 10668566 bus:OrdinaryShareClass1 2024-03-31 10668566 bus:OrdinaryShareClass1 2023-03-31 10668566 core:OfficeEquipment 2023-04-01 2024-03-31 10668566 core:OfficeEquipment 2023-03-31
COMPANY REGISTRATION NUMBER: 10668566
Makes Perfect Sense Ltd
Filleted Unaudited Financial Statements
31 March 2024
Makes Perfect Sense Ltd
Financial Statements
Year ended 31 March 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Makes Perfect Sense Ltd
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
1,051
Current assets
Debtors
6
81
344
Cash at bank and in hand
6,101
62,821
-------
--------
6,182
63,165
Creditors: amounts falling due within one year
7
2,500
6,531
-------
--------
Net current assets
3,682
56,634
-------
--------
Total assets less current liabilities
3,682
57,685
-------
--------
Net assets
3,682
57,685
-------
--------
Makes Perfect Sense Ltd
Statement of Financial Position (continued)
31 March 2024
2024
2023
Note
£
£
£
£
Capital and reserves
Called up share capital
8
1,000
1,000
Profit and loss account
2,682
56,685
-------
--------
Shareholders funds
3,682
57,685
-------
--------
These financial statements have been prepared and delivered 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'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 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 year 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 19 July 2024 , and are signed on behalf of the board by:
K J Deeley-Graham
J S Deeley-Graham
Director
Director
Company registration number: 10668566
Makes Perfect Sense Ltd
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Church Green East, Redditch, Worcestershire, B98 8BT. The place of business is Pinkfield Lodge, Blind Lane, Tanworth-in-Arden, Solihull, Warwickshire, B94 5HS.
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.The financial statements are prepared in sterling, which is the functional currency of the entity.
Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
Equipment
-
25% reducing balance
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into, either as financial assets, financial liabilities or equity interests. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: Nil).
5. Tangible assets
Equipment
£
Cost
At 1 April 2023
4,971
Disposals
( 4,971)
-------
At 31 March 2024
-------
Depreciation
At 1 April 2023
3,920
Disposals
( 3,920)
-------
At 31 March 2024
-------
Carrying amount
At 31 March 2024
-------
At 31 March 2023
1,051
-------
6. Debtors
2024
2023
£
£
Other debtors
81
344
----
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
5,058
Other creditors
2,500
1,473
-------
-------
2,500
6,531
-------
-------
8. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1,000
1,000
1,000
1,000
-------
-------
-------
-------