27 false false false false false false false false false false true false false false false false false No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 09383677 2023-02-01 2024-01-31 09383677 2024-01-31 09383677 2023-01-31 09383677 2022-02-01 2023-01-31 09383677 2023-01-31 09383677 2022-01-31 09383677 core:PlantMachinery 2023-02-01 2024-01-31 09383677 core:FurnitureFittings 2023-02-01 2024-01-31 09383677 bus:Director1 2023-02-01 2024-01-31 09383677 bus:Director2 2023-02-01 2024-01-31 09383677 core:PlantMachinery 2023-01-31 09383677 core:FurnitureFittings 2023-01-31 09383677 core:PlantMachinery 2024-01-31 09383677 core:FurnitureFittings 2024-01-31 09383677 core:WithinOneYear 2024-01-31 09383677 core:WithinOneYear 2023-01-31 09383677 core:AfterOneYear 2024-01-31 09383677 core:AfterOneYear 2023-01-31 09383677 core:ShareCapital 2024-01-31 09383677 core:ShareCapital 2023-01-31 09383677 core:RetainedEarningsAccumulatedLosses 2024-01-31 09383677 core:RetainedEarningsAccumulatedLosses 2023-01-31 09383677 core:PlantMachinery 2023-01-31 09383677 core:FurnitureFittings 2023-01-31 09383677 bus:Director1 2023-01-31 09383677 bus:Director1 2024-01-31 09383677 bus:Director2 2023-01-31 09383677 bus:Director2 2024-01-31 09383677 bus:Director1 2022-01-31 09383677 bus:Director1 2023-01-31 09383677 bus:Director2 2022-01-31 09383677 bus:Director2 2023-01-31 09383677 bus:Director1 2022-02-01 2023-01-31 09383677 bus:Director2 2022-02-01 2023-01-31 09383677 bus:SmallEntities 2023-02-01 2024-01-31 09383677 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 09383677 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09383677 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09383677 bus:FullAccounts 2023-02-01 2024-01-31 09383677 core:ComputerEquipment 2023-02-01 2024-01-31 09383677 core:ComputerEquipment 2023-01-31 09383677 core:ComputerEquipment 2024-01-31
COMPANY REGISTRATION NUMBER: 09383677
Macpage Limited
Filleted Unaudited Financial Statements
31 January 2024
Macpage Limited
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
35,235
83,703
Current assets
Stocks
2,968
2,968
Debtors
6
50,984
46,567
Cash at bank and in hand
136,329
166,654
---------
---------
190,281
216,189
Creditors: amounts falling due within one year
7
550,460
684,567
---------
---------
Net current liabilities
360,179
468,378
---------
---------
Total assets less current liabilities
( 324,944)
( 384,675)
Creditors: amounts falling due after more than one year
8
15,801
25,655
---------
---------
Net liabilities
( 340,745)
( 410,330)
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 340,747)
( 410,332)
---------
---------
Shareholders deficit
( 340,745)
( 410,330)
---------
---------
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 income and retained earnings has not been delivered.
For the year ending 31 January 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 .
Macpage Limited
Statement of Financial Position (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 30 October 2024 , and are signed on behalf of the board by:
A P Page
Director
Company registration number: 09383677
Macpage Limited
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 15 Erlesmere Gardens, London, W13 9TZ.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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.
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:
Gym equipment
-
20% straight line
Fixtures and fittings
-
15% straight line
Equipment
-
20% 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.
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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 27 (2023: 25 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 February 2023
85,218
388,114
13,081
486,413
Additions
368
383
424
1,175
--------
---------
--------
---------
At 31 January 2024
85,586
388,497
13,505
487,588
--------
---------
--------
---------
Depreciation
At 1 February 2023
85,179
306,542
10,989
402,710
Charge for the year
82
48,249
1,312
49,643
--------
---------
--------
---------
At 31 January 2024
85,261
354,791
12,301
452,353
--------
---------
--------
---------
Carrying amount
At 31 January 2024
325
33,706
1,204
35,235
--------
---------
--------
---------
At 31 January 2023
39
81,572
2,092
83,703
--------
---------
--------
---------
6. Debtors
2024
2023
£
£
Other debtors
50,984
46,567
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
20,072
37,075
Social security and other taxes
52,732
46,032
Other creditors
467,656
591,460
---------
---------
550,460
684,567
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
15,801
25,655
--------
--------
9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
A P Page
( 321,356)
48,704
( 272,652)
M A Macintyre
( 266,311)
75,433
( 190,878)
---------
----
---------
---------
( 587,667)
124,137
( 463,530)
---------
----
---------
---------
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
A P Page
( 339,554)
( 1,802)
20,000
( 321,356)
M A Macintyre
( 281,170)
( 5,141)
20,000
( 266,311)
---------
-------
--------
---------
( 620,724)
( 6,943)
40,000
( 587,667)
---------
-------
--------
---------