Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3102023-01-01falseCommunity workshop services0truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07459770 2023-01-01 2023-12-31 07459770 2022-01-01 2022-12-31 07459770 2023-12-31 07459770 2022-12-31 07459770 c:Director2 2023-01-01 2023-12-31 07459770 d:PlantMachinery 2023-01-01 2023-12-31 07459770 d:PlantMachinery 2023-12-31 07459770 d:PlantMachinery 2022-12-31 07459770 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07459770 d:FurnitureFittings 2023-01-01 2023-12-31 07459770 d:FurnitureFittings 2023-12-31 07459770 d:FurnitureFittings 2022-12-31 07459770 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07459770 d:ComputerEquipment 2023-01-01 2023-12-31 07459770 d:ComputerEquipment 2023-12-31 07459770 d:ComputerEquipment 2022-12-31 07459770 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07459770 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07459770 d:CurrentFinancialInstruments 2023-12-31 07459770 d:CurrentFinancialInstruments 2022-12-31 07459770 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07459770 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07459770 d:RetainedEarningsAccumulatedLosses 2023-12-31 07459770 d:RetainedEarningsAccumulatedLosses 2022-12-31 07459770 c:FRS102 2023-01-01 2023-12-31 07459770 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07459770 c:FullAccounts 2023-01-01 2023-12-31 07459770 c:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 07459770 2 2023-01-01 2023-12-31 07459770 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 07459770









MAKESPACE CAMBRIDGE LIMITED
(A Company Limited by Guarantee)







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
MAKESPACE CAMBRIDGE LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 07459770

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
97,780
73,107

  
97,780
73,107

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
8,424
5,833

Cash at bank and in hand
  
587,722
561,838

  
596,146
567,671

Creditors: amounts falling due within one year
 7 
(83,342)
(18,790)

NET CURRENT ASSETS
  
 
 
512,804
 
 
548,881

TOTAL ASSETS LESS CURRENT LIABILITIES
  
610,584
621,988

  

NET ASSETS
  
610,584
621,988


CAPITAL AND RESERVES
  

Profit and loss account
  
610,584
621,988

  
610,584
621,988


Page 1

 
MAKESPACE CAMBRIDGE LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 07459770
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



Dr J W Hills
Director

Date: 16 September 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MAKESPACE CAMBRIDGE LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


GENERAL INFORMATION

Makespace Cambridge Limited is a company limited by guarantee and incorporated in England. Its registered address is 16 Mill Lane, Cambridge, CB2 1RX.
The company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover consists of membership income and is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts and value added tax.

 
2.3

LEASED ASSETS: THE COMPANY AS LESSEE

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.4

GOVERNMENT GRANTS

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.

 
2.5

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
MAKESPACE CAMBRIDGE LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

  
2.6

TAXATION

Tax is recognised in profit or loss except that a  charge attributable to an item of income and  expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
33%
straight-line
Fixtures and fittings
-
33%
straight-line
Computer equipment
-
33%
straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
MAKESPACE CAMBRIDGE LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


EMPLOYEES

The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).


4.


TANGIBLE FIXED ASSETS





Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£



COST OR VALUATION


At 1 January 2023
139,892
30,410
20,450
190,752


Additions
52,322
1,561
5,384
59,267



At 31 December 2023

192,214
31,971
25,834
250,019



DEPRECIATION


At 1 January 2023
85,703
26,443
5,499
117,645


Charge for the year on owned assets
26,183
1,653
6,758
34,594



At 31 December 2023

111,886
28,096
12,257
152,239



NET BOOK VALUE



At 31 December 2023
80,328
3,875
13,577
97,780



At 31 December 2022
54,189
3,967
14,951
73,107

Page 5

 
MAKESPACE CAMBRIDGE LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


DEBTORS

2023
2022
£
£


Other debtors
2,823
1,774

Prepayments and accrued income
5,601
4,059

8,424
5,833



6.


CASH AND CASH EQUIVALENTS

2023
2022
£
£


Working capital
14,994
25,700

Cash reserved for premises and capital equipment
572,728
536,138

587,722
561,838



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Trade creditors
25,950
8,156

Corporation tax
1,632
-

Other taxation and social security
308
5,579

Accruals and deferred income
55,452
5,055

83,342
18,790


 
Page 6