Mary Joy Community Crafts Outlet Limited |
Registered number: |
11294643 |
|
Balance Sheet |
as at 30 April 2024 |
|
30th April |
30th April |
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
229 |
|
|
710 |
|
Current assets |
Stocks |
|
|
34,023 |
|
|
28,760 |
Cash at bank and in hand |
|
|
584 |
|
|
470 |
|
|
|
34,607 |
|
|
29,230 |
|
Creditors: amounts falling due within one year |
4 |
|
(28,648) |
|
|
(29,761) |
|
Net current assets/(liabilities) |
|
|
|
5,959 |
|
|
(531) |
|
Net assets |
|
|
|
6,188 |
|
|
179 |
|
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
6,088 |
|
|
79 |
|
Shareholders' funds |
|
|
|
6,188 |
|
|
179 |
|
|
|
|
|
|
|
|
|
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. |
|
|
Mr RJ Murray |
Director |
Approved by the board on 23 October 2024 |
|
Mary Joy Community Crafts Outlet Limited |
|
Notes to the Accounts |
for the year ended 30 April 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 and net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods and services are recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
|
|
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 at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
20% reducing balance |
|
|
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). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. |
|
30th April |
30th April |
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery |
£ |
|
Cost |
|
At 1 May 2023 |
3,515 |
|
At 30 April 2024 |
3,515 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2023 |
2,805 |
|
Charge for the year |
481 |
|
At 30 April 2024 |
3,286 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2024 |
229 |
|
At 30 April 2023 |
710 |
|
|
|
|
|
|
|
|
|
|
|
30th April |
30th April |
|
|
|
|
|
|
2024 |
|
2023 |
4 |
Creditors: amounts falling due within one year |
£ |
£ |
|
|
Other creditors |
390 |
|
- |
|
Director's loan account |
28,258 |
|
29,761 |
|
|
|
|
|
|
28,648 |
|
29,761 |
|
|
|
|
|
|
|
|
|
|
|
5 |
Other information |
|
|
Mary Joy Community Crafts Outlet Limited is a private company limited by shares and incorporated in England. The registered office is: |
|
|
4 Merebrook Close |
|
Macclesfield |
|
SK11 8QD |