The Makers Collection Limited 14865360 false 2023-05-12 2024-05-31 2024-05-31 The principal activity of the company is Design, supply and installation of Christmas Decorations and Displays Digita Accounts Production Advanced 6.30.9574.0 true 14865360 2023-05-12 2024-05-31 14865360 2024-05-31 14865360 bus:OrdinaryShareClass1 2024-05-31 14865360 bus:OrdinaryShareClass2 2024-05-31 14865360 core:CurrentFinancialInstruments 2024-05-31 14865360 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 14865360 core:FurnitureFittingsToolsEquipment 2024-05-31 14865360 core:OtherPropertyPlantEquipment 2024-05-31 14865360 bus:SmallEntities 2023-05-12 2024-05-31 14865360 bus:AuditExemptWithAccountantsReport 2023-05-12 2024-05-31 14865360 bus:FullAccounts 2023-05-12 2024-05-31 14865360 bus:SmallCompaniesRegimeForAccounts 2023-05-12 2024-05-31 14865360 bus:RegisteredOffice 2023-05-12 2024-05-31 14865360 bus:Director1 2023-05-12 2024-05-31 14865360 bus:Director2 2023-05-12 2024-05-31 14865360 bus:OrdinaryShareClass1 2023-05-12 2024-05-31 14865360 bus:OrdinaryShareClass2 2023-05-12 2024-05-31 14865360 bus:PrivateLimitedCompanyLtd 2023-05-12 2024-05-31 14865360 core:ComputerEquipment 2023-05-12 2024-05-31 14865360 core:FurnitureFittings 2023-05-12 2024-05-31 14865360 core:FurnitureFittingsToolsEquipment 2023-05-12 2024-05-31 14865360 core:OtherPropertyPlantEquipment 2023-05-12 2024-05-31 14865360 core:PlantMachinery 2023-05-12 2024-05-31 14865360 countries:England 2023-05-12 2024-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14865360

The Makers Collection Limited

Annual Report and Unaudited Financial Statements

for the Period from 12 May 2023 to 31 May 2024

 

The Makers Collection Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

The Makers Collection Limited

(Registration number: 14865360)
Balance Sheet as at 31 May 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

16,273

Current assets

 

Debtors

5

1,368

Cash at bank and in hand

 

4,887

 

6,255

Creditors: Amounts falling due within one year

6

(22,125)

Net current liabilities

 

(15,870)

Net assets

 

403

Capital and reserves

 

Called up share capital

7

100

Retained earnings

303

Shareholders' funds

 

403

For the financial period ending 31 May 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 accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 18 November 2024 and signed on its behalf by:
 

 

The Makers Collection Limited

(Registration number: 14865360)
Balance Sheet as at 31 May 2024

.........................................
A Mason
Director

.........................................
M Simmonds
Director

 

The Makers Collection Limited

Notes to the Unaudited Financial Statements for the Period from 12 May 2023 to 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 12 Severnside Trading Estate
Sudmeadow Road
Gloucester
Gloucestershire
GL2 5HS
England

These financial statements were authorised for issue by the Board on 18 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

The Makers Collection Limited

Notes to the Unaudited Financial Statements for the Period from 12 May 2023 to 31 May 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

20% of cost

Furniture and fittings

25% written down value

Plant, machinery and equipment

25% written down value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

The Makers Collection Limited

Notes to the Unaudited Financial Statements for the Period from 12 May 2023 to 31 May 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

Additions

732

17,463

18,195

At 31 May 2024

732

17,463

18,195

Depreciation

Charge for the period

45

1,877

1,922

At 31 May 2024

45

1,877

1,922

Carrying amount

At 31 May 2024

687

15,586

16,273

5

Debtors

2024
£

Prepayments

500

Other debtors

868

1,368

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

359

Accruals and deferred income

780

Other creditors

20,986

22,125

 

The Makers Collection Limited

Notes to the Unaudited Financial Statements for the Period from 12 May 2023 to 31 May 2024

7

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordinary A shares of £1 each

50

50

Ordinary B shares of £1 each

50

50

 

100

100

8

Dividends

Interim dividends paid

   

2024
£

 

Interim dividend of £40.00 per each Ordinary A shares

 

2,000

 

Interim dividend of £40.00 per each Ordinary B shares

 

2,000

 
   

4,000

 

9

Related party transactions

Summary of transactions with other related parties


Included within Other Creditors is £7,563 owed by the company to MJS Lawn Care Limited, a company in which M Simmonds is also a director. The balance is repaid under normal trading terms.