2022-09-01 2023-12-31 false Capium Accounts Production 1.1 09156746 bus:FullAccounts 2022-09-01 2023-12-31 09156746 bus:FRS102 2022-09-01 2023-12-31 09156746 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-12-31 09156746 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-12-31 09156746 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-12-31 09156746 2022-09-01 2023-12-31 09156746 2023-12-31 09156746 bus:RegisteredOffice 2022-09-01 2023-12-31 09156746 core:WithinOneYear 2023-12-31 09156746 core:AfterOneYear 2023-12-31 09156746 bus:Director1 2022-09-01 2023-12-31 09156746 bus:Director1 2023-12-31 09156746 bus:Director1 2021-09-01 2022-08-31 09156746 bus:Director2 2022-09-01 2023-12-31 09156746 bus:Director2 2023-12-31 09156746 bus:Director2 2021-09-01 2022-08-31 09156746 2021-09-01 09156746 bus:LeadAgentIfApplicable 2022-09-01 2023-12-31 09156746 2021-09-01 2022-08-31 09156746 2022-08-31 09156746 core:WithinOneYear 2022-08-31 09156746 core:AfterOneYear 2022-08-31 09156746 bus:EntityAccountantsOrAuditors 2021-09-01 2022-08-31 09156746 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 09156746 core:CostValuation core:Non-currentFinancialInstruments 2022-08-31 09156746 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-12-31 09156746 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 09156746 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 09156746 core:Non-currentFinancialInstruments 2023-12-31 09156746 core:Non-currentFinancialInstruments 2022-08-31 09156746 core:ShareCapital 2023-12-31 09156746 core:ShareCapital 2022-08-31 09156746 core:RetainedEarningsAccumulatedLosses 2023-12-31 09156746 core:RetainedEarningsAccumulatedLosses 2022-08-31 09156746 dpl:Item1 2022-09-01 09156746 dpl:Item1 2023-12-31 09156746 dpl:Item1 2021-09-01 09156746 dpl:Item1 2022-08-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 09156746
England and Wales

 

 

 

MACWELL LOCARNO LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2022

End date: 31 December 2023
 
 
Notes
 
2023
£
  2022
£
Current assets      
Stocks 3 1,335,164    1,326,939 
Cash at bank and in hand 290    38,739 
1,335,454    1,365,678 
Creditors: amount falling due within one year 4 (248,414)   (317,496)
Net current assets 1,087,040    1,048,182 
 
Total assets less current liabilities 1,087,040    1,048,182 
Creditors: amount falling due after more than one year 5 (1,693,854)   (1,461,351)
Net assets (606,814)   (413,169)
 

Capital and reserves
     
Called up share capital 200    200 
Profit and loss account (607,014)   (413,369)
Shareholders' funds (606,814)   (413,169)
 


For the period ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 23 August 2024 and were signed on its behalf by:


-------------------------------
Gary MacDougall
Director
1
General Information
Macwell Locarno Limited is a private company, limited by shares, registered in England and Wales, registration number 09156746, registration address 140 Horn Lane, London, W3 6PA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the period was 2 (2022 : 2).
3.

Stocks

2023
£
  2022
£
Work in Progress 1,335,164    1,326,939 
1,335,164    1,326,939 

4.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 230,305    304,029 
Accrued Expenses 18,109    13,467 
248,414    317,496 

5.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Other Creditors 274,201    273,951 
Debenture Loans 1,419,653    1,187,400 
1,693,854    1,461,351 

2