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REGISTERED NUMBER: 10481767 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

MADE HASTINGS LIMITED

MADE HASTINGS LIMITED (REGISTERED NUMBER: 10481767)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MADE HASTINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mrs K L Evans
Mr B Knight
Miss O Rowse





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 10481767 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

MADE HASTINGS LIMITED (REGISTERED NUMBER: 10481767)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 105,670 9,699

CURRENT ASSETS
Stocks 9,800 21,291
Debtors 5 199,896 18,369
Cash at bank 160,004 301,187
369,700 340,847
CREDITORS
Amounts falling due within one year 6 118,844 151,178
NET CURRENT ASSETS 250,856 189,669
TOTAL ASSETS LESS CURRENT
LIABILITIES

356,526

199,368

CREDITORS
Amounts falling due after more than one
year

7

(94,234

)

(25,655

)

PROVISIONS FOR LIABILITIES 8 (20,080 ) (1,846 )
NET ASSETS 242,212 171,867

CAPITAL AND RESERVES
Called up share capital 9 204 204
Retained earnings 242,008 171,663
SHAREHOLDERS' FUNDS 242,212 171,867

MADE HASTINGS LIMITED (REGISTERED NUMBER: 10481767)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





Miss O Rowse - Director


MADE HASTINGS LIMITED (REGISTERED NUMBER: 10481767)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Made Hastings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 5 years
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

TAXATION
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

MADE HASTINGS LIMITED (REGISTERED NUMBER: 10481767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 December 2022 38,773 18,441 - 16,504 73,718
Additions - - 116,033 - 116,033
At 30 November 2023 38,773 18,441 116,033 16,504 189,751
Depreciation
At 1 December 2022 38,773 11,630 - 13,616 64,019
Charge for year - 1,362 17,063 1,637 20,062
At 30 November 2023 38,773 12,992 17,063 15,253 84,081
Net book value
At 30 November 2023 - 5,449 98,970 1,251 105,670
At 30 November 2022 - 6,811 - 2,888 9,699

5. DEBTORS
30.11.23 30.11.22
£    £   
Amounts falling due within one year:
Trade debtors - 16,218
Other debtors 9,496 2,151
9,496 18,369

Amounts falling due after more than one year:
Other debtors 190,400 -

Aggregate amounts 199,896 18,369

MADE HASTINGS LIMITED (REGISTERED NUMBER: 10481767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 22,678 -
Trade creditors 15,395 8,342
Taxation and social security 50,274 126,468
Other creditors 20,497 6,368
118,844 151,178

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 15,655 25,655
Hire purchase contracts 78,579 -
94,234 25,655

8. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 20,080 1,846

Deferred
tax
£   
Balance at 1 December 2022 1,846
Provided during year 18,234
Balance at 30 November 2023 20,080

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
102 Ordinary £1 102 102
34 Ordinary Class A £1 34 34
68 Ordinary Class B and C £1 68 68
204 204