Registered number
07319671
Makauri Limited
Filleted Unaudited Accounts
31 July 2024
Makauri Limited
Registered number: 07319671
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 580 703
Current assets
Stocks 100,952 94,458
Debtors 4 62,006 84,677
Cash at bank and in hand 1,086,764 853,450
1,249,722 1,032,585
Creditors: amounts falling due within one year 5 (203,049) (228,554)
Net current assets 1,046,673 804,031
Net assets 1,047,253 804,734
Capital and reserves
Called up share capital 102 102
Profit and loss account 1,047,151 804,632
Shareholders' funds 1,047,253 804,734
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Heinemann
Director
Approved by the board on 30 August 2024
Makauri Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Accounting policies (continued)
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 August 2023 580 31,444 32,024
At 31 July 2024 580 31,444 32,024
Depreciation
At 1 August 2023 - 31,321 31,321
Charge for the year - 123 123
At 31 July 2024 - 31,444 31,444
Net book value
At 31 July 2024 580 - 580
At 31 July 2023 580 123 703
4 Debtors 2024 2023
£ £
Trade debtors 62,006 84,677
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 50,225 49,269
Taxation and social security costs 127,799 179,285
Other creditors 25,025 -
203,049 228,554
6 Other information
Makauri Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 5 Ashwyn Business Centre
Marchants Way
Burgess Hill
RH15 8QY
Makauri Limited 07319671 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts April 2024 S Heinemann No description of principal activity 07319671 2022-08-01 2023-07-31 07319671 core:WithinOneYear 2023-07-31 07319671 core:ShareCapital 2023-07-31 07319671 core:RetainedEarningsAccumulatedLosses 2023-07-31 07319671 2023-08-01 2024-07-31 07319671 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07319671 bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 07319671 bus:Director40 2023-08-01 2024-07-31 07319671 1 2023-08-01 2024-07-31 07319671 2 2023-08-01 2024-07-31 07319671 core:LandBuildings 2023-08-01 2024-07-31 07319671 core:PlantMachinery 2023-08-01 2024-07-31 07319671 countries:England 2023-08-01 2024-07-31 07319671 bus:FRS102 2023-08-01 2024-07-31 07319671 bus:FilletedAccounts 2023-08-01 2024-07-31 07319671 2024-07-31 07319671 core:WithinOneYear 2024-07-31 07319671 core:ShareCapital 2024-07-31 07319671 core:RetainedEarningsAccumulatedLosses 2024-07-31 07319671 core:LandBuildings 2024-07-31 07319671 core:PlantMachinery 2024-07-31 07319671 2023-07-31 07319671 core:LandBuildings 2023-07-31 07319671 core:PlantMachinery 2023-07-31 iso4217:GBP xbrli:pure