Machine Works Capital Ltd 14804731 false 2023-04-15 2024-04-30 2024-04-30 The principal activity of the company is Buying and selling of own real estate Digita Accounts Production Advanced 6.30.9574.0 true true 14804731 2023-04-15 2024-04-30 14804731 2024-04-30 14804731 core:CurrentFinancialInstruments 2024-04-30 14804731 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 14804731 core:Non-currentFinancialInstruments 2024-04-30 14804731 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 14804731 core:LandBuildings core:LongLeaseholdAssets 2024-04-30 14804731 bus:SmallEntities 2023-04-15 2024-04-30 14804731 bus:AuditExemptWithAccountantsReport 2023-04-15 2024-04-30 14804731 bus:FilletedAccounts 2023-04-15 2024-04-30 14804731 bus:SmallCompaniesRegimeForAccounts 2023-04-15 2024-04-30 14804731 bus:RegisteredOffice 2023-04-15 2024-04-30 14804731 bus:Director1 2023-04-15 2024-04-30 14804731 bus:PrivateLimitedCompanyLtd 2023-04-15 2024-04-30 14804731 core:LandBuildings core:LongLeaseholdAssets 2023-04-15 2024-04-30 14804731 countries:EnglandWales 2023-04-15 2024-04-30 iso4217:GBP xbrli:pure

Registration number: 14804731

Machine Works Capital Ltd

Unaudited Filleted Financial Statements

for the Period from 15 April 2023 to 30 April 2024

image-name
 

Machine Works Capital Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Machine Works Capital Ltd

Company Information

Director

Mr A Al-Kufaishi

Registered office

Suite 5
The Cadcam Centre
High Force Road
Middlesbrough
England
TS2 1RH

Accountants

Chuhan and Singh Partnership Limited
Chartered Accountants
81 Borough Road
Middlesbrough
TS1 3AA

 

Machine Works Capital Ltd

(Registration number: 14804731)
Balance Sheet as at 30 April 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

118,890

Current assets

 

Cash at bank and in hand

 

3,994

Creditors: Amounts falling due within one year

5

(56,126)

Net current liabilities

 

(52,132)

Total assets less current liabilities

 

66,758

Creditors: Amounts falling due after more than one year

5

(69,920)

Net liabilities

 

(3,162)

Capital and reserves

 

Called up share capital

1

Retained earnings

(3,163)

Shareholders' deficit

 

(3,162)

For the financial period ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 January 2025
 

 

Machine Works Capital Ltd

(Registration number: 14804731)
Balance Sheet as at 30 April 2024 (continued)

.........................................
Mr A Al-Kufaishi
Director

 

Machine Works Capital Ltd

Notes to the Unaudited Financial Statements for the Period from 15 April 2023 to 30 April 2024

1

General information

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

The address of its registered office is:
Suite 5
The Cadcam Centre
High Force Road
Middlesbrough
England
TS2 1RH

These financial statements were authorised for issue by the director on 13 January 2025.

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.

Going concern

The financial statements have been prepared on a going concern basis.

 

Machine Works Capital Ltd

Notes to the Unaudited Financial Statements for the Period from 15 April 2023 to 30 April 2024 (continued)

2

Accounting policies (continued)

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.

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:

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

Machine Works Capital Ltd

Notes to the Unaudited Financial Statements for the Period from 15 April 2023 to 30 April 2024 (continued)

4

Tangible assets

Long leasehold land and buildings
£

Total
£

Cost or valuation

Additions

118,890

118,890

At 30 April 2024

118,890

118,890

Depreciation

Carrying amount

At 30 April 2024

118,890

118,890

Included within the net book value of land and buildings above is £118,890 in respect of long leasehold land and buildings.
 

 

Machine Works Capital Ltd

Notes to the Unaudited Financial Statements for the Period from 15 April 2023 to 30 April 2024 (continued)

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Loans and borrowings

6

1,599

Accruals and deferred income

 

750

Other creditors

 

53,777

 

56,126

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Loans and borrowings

6

69,920

6

Loans and borrowings

Non-current loans and borrowings

2024
£

Bank borrowings

69,920

Current loans and borrowings

2024
£

Bank borrowings

1,599