0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 13888536 2023-04-01 2024-03-31 13888536 2024-03-31 13888536 2023-03-31 13888536 2022-02-02 2023-03-31 13888536 2023-03-31 13888536 2022-02-01 13888536 core:PlantMachinery 2023-04-01 2024-03-31 13888536 core:FurnitureFittings 2023-04-01 2024-03-31 13888536 bus:Director1 2023-04-01 2024-03-31 13888536 bus:Director2 2023-04-01 2024-03-31 13888536 core:FurnitureFittings 2023-03-31 13888536 core:PlantMachinery 2024-03-31 13888536 core:FurnitureFittings 2024-03-31 13888536 core:WithinOneYear 2024-03-31 13888536 core:WithinOneYear 2023-03-31 13888536 core:ShareCapital 2024-03-31 13888536 core:ShareCapital 2023-03-31 13888536 core:RetainedEarningsAccumulatedLosses 2024-03-31 13888536 core:RetainedEarningsAccumulatedLosses 2023-03-31 13888536 core:FurnitureFittings 2023-03-31 13888536 bus:Director1 2023-03-31 13888536 bus:Director1 2024-03-31 13888536 bus:Director2 2023-03-31 13888536 bus:Director2 2024-03-31 13888536 bus:Director1 2023-03-31 13888536 bus:Director2 2023-03-31 13888536 bus:Director1 2022-02-02 2023-03-31 13888536 bus:Director2 2022-02-02 2023-03-31 13888536 bus:SmallEntities 2023-04-01 2024-03-31 13888536 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13888536 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13888536 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13888536 bus:FullAccounts 2023-04-01 2024-03-31 13888536 core:OfficeEquipment 2023-04-01 2024-03-31 13888536 core:OfficeEquipment 2023-03-31 13888536 core:OfficeEquipment 2024-03-31
COMPANY REGISTRATION NUMBER: 13888536
Maker Culture Limited
Filleted Unaudited Financial Statements
31 March 2024
Maker Culture Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
4
5,075
3,762
Current assets
Stocks
12,806
13,171
Debtors
5
2,766
2,609
Cash at bank and in hand
5,544
6,010
--------
--------
21,116
21,790
Creditors: amounts falling due within one year
6
7,423
6,195
--------
--------
Net current assets
13,693
15,595
--------
--------
Total assets less current liabilities
18,768
19,357
--------
--------
Net assets
18,768
19,357
--------
--------
Capital and reserves
Called up share capital
20,000
20,000
Profit and loss account
( 1,232)
( 643)
--------
--------
Shareholders funds
18,768
19,357
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Maker Culture Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 19 August 2024 , and are signed on behalf of the board by:
Mr J E Saunders
Mrs B J Saunders
Director
Director
Company registration number: 13888536
Maker Culture Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Wynyard Mill Barn, Baskerville, Malmesbury, SN16 9BS, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors consider that it is appropriate to prepare the financial statements on a going concern basis as they are continuing to pay debts as they fall due.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
25% straight line
Equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Tangible assets
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 April 2023
3,807
1,360
5,167
Additions
3,060
636
3,696
-------
-------
-------
-------
At 31 March 2024
3,060
3,807
1,996
8,863
-------
-------
-------
-------
Depreciation
At 1 April 2023
952
453
1,405
Charge for the year
765
952
666
2,383
-------
-------
-------
-------
At 31 March 2024
765
1,904
1,119
3,788
-------
-------
-------
-------
Carrying amount
At 31 March 2024
2,295
1,903
877
5,075
-------
-------
-------
-------
At 31 March 2023
2,855
907
3,762
-------
-------
-------
-------
5. Debtors
2024
2023
£
£
Trade debtors
58
Other debtors
2,708
2,609
-------
-------
2,766
2,609
-------
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
951
1,537
Other creditors
6,472
4,658
-------
-------
7,423
6,195
-------
-------
7. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
Mr J E Saunders
( 1,442)
( 470)
( 1,912)
Mrs B J Saunders
( 1,442)
( 312)
( 1,754)
-------
----
-------
( 2,884)
( 782)
( 3,666)
-------
----
-------
2023
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
Mr J E Saunders
( 1,442)
( 1,442)
Mrs B J Saunders
( 1,442)
( 1,442)
----
-------
-------
( 2,884)
( 2,884)
----
-------
-------