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REGISTERED NUMBER: 08058919 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

Make Food Work Limited

Make Food Work Limited (Registered number: 08058919)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


Make Food Work Limited

COMPANY INFORMATION
for the year ended 31 March 2024







Directors: S G Maris
Mrs S J Maris





Registered office: Unit A6 Dart Marine Park
Steamer Quay Road
Totnes
Devon
TQ9 5AL





Registered number: 08058919 (England and Wales)





Accountants: Nigel Webster & Co
129 North Hill
Plymouth
Devon
PL4 8JY

Make Food Work Limited (Registered number: 08058919)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 20,805 26,803
20,805 26,803

Current assets
Stocks 470,230 277,383
Debtors 6 483,787 391,679
Cash at bank and in hand 9,674 38,152
963,691 707,214
Creditors
Amounts falling due within one year 7 686,817 475,237
Net current assets 276,874 231,977
Total assets less current liabilities 297,679 258,780

Creditors
Amounts falling due after more than one
year

8

(11,707

)

(21,707

)

Provisions for liabilities 10 (3,950 ) (3,900 )
Net assets 282,022 233,173

Capital and reserves
Called up share capital 11 100 100
Retained earnings 281,922 233,073
Shareholders' funds 282,022 233,173

Make Food Work Limited (Registered number: 08058919)

BALANCE SHEET - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:





S G Maris - Director


Make Food Work Limited (Registered number: 08058919)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Make Food Work Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office and business address can be found on the Company Information page.

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.

Turnover
Turnover represents amounts receivable in respect of goods. Turnover is recognised, net of value added tax, upon delivery to the customer.

Intangible assets
Intangible assets represent the capitalised value of constructing operational software, amortised over its estimated useful life of 8 years from implementation. The asset has now been removed due to it no longer having economic use.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and Machinery - 20% reducing balance
Fixtures and fittings - 30% on reducing balance
Short leasehold - Straight line over 5 years

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.


Make Food Work Limited (Registered number: 08058919)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

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.

Pensions
The company operates a statutory pension scheme. Employer contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Make Food Work Limited (Registered number: 08058919)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
Cost
At 1 April 2023 57,200
Disposals (57,200 )
At 31 March 2024 -
Amortisation
At 1 April 2023 57,200
Eliminated on disposal (57,200 )
At 31 March 2024 -
Net book value
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
Cost
At 1 April 2023 4,090 13,210 53,075 70,375
Additions - - 2,074 2,074
At 31 March 2024 4,090 13,210 55,149 72,449
Depreciation
At 1 April 2023 3,272 4,057 36,243 43,572
Charge for year 818 1,830 5,424 8,072
At 31 March 2024 4,090 5,887 41,667 51,644
Net book value
At 31 March 2024 - 7,323 13,482 20,805
At 31 March 2023 818 9,153 16,832 26,803

Make Food Work Limited (Registered number: 08058919)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 476,431 373,582
Other debtors 7,356 18,097
483,787 391,679

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,960 9,960
Trade creditors 253,720 210,896
Amounts owed to group undertakings 51,655 33,007
Taxation and social security 57,294 53,311
Other creditors 314,188 168,063
686,817 475,237

Other creditors includes £247,413 in respect of invoice discounting advances; 2023 £85,190.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,707 21,707

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Invoice discounting advances 247,413 85,190

Invoice discounting advances are secured against relevant outstanding trade debtors.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,950 3,900

Make Food Work Limited (Registered number: 08058919)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 3,900
Provided during year 50
Balance at 31 March 2024 3,950

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £59,717 jointly to the two directors, S and Mrs S Maris.The company also owed £51,655 to More Than Most Ltd, the company parent. No interest is charged on outstanding amounts and there are no set dates for repayment.

13. ULTIMATE CONTROLLING PARTY

The company is controlled by its parent company, More Than Most Limited, a company incorporated in the UK.