2023-05-012024-04-302024-04-30false11950806The Makers Cult 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The Makers Cult Ltd

Registered Number
11950806
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

The Makers Cult Ltd
Company Information
for the year from 1 May 2023 to 30 April 2024

Director

William George McKay

Registered Address

67 Kingsham Road
Chichester
PO19 8AH

Registered Number

11950806 (England and Wales)
The Makers Cult Ltd
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,9303,396
1,9303,396
Current assets
Debtors68,7725,425
Cash at bank and on hand178,247204,845
247,019210,270
Creditors amounts falling due within one year(45,862)(54,079)
Net current assets (liabilities)201,157156,191
Total assets less current liabilities203,087159,587
Net assets203,087159,587
Capital and reserves
Called up share capital11
Profit and loss account203,086159,586
Shareholders' funds203,087159,587
The financial statements were approved and authorised for issue by the Director on 28 January 2025, and are signed on its behalf by:
William George McKay
Director
Registered Company No. 11950806
The Makers Cult Ltd
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
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.
Deferred tax
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. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Office Equipment334
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 May 235,257
At 30 April 245,257
Depreciation and impairment
At 01 May 231,861
Charge for year1,466
At 30 April 243,328
Net book value
At 30 April 241,930
At 30 April 233,396
4.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
William George McKay1,33072,33212,77160,891
1,33072,33212,77160,891
Interest has been charged using official HMRC rates.