Company registration number: 06218425
Unaudited financial statements
for the year ended 30 April 2024
for
Makz Eyecare Limited
Pages for filing with the Registrar
Company registration number: 06218425
Makz Eyecare Limited
Balance sheet
as at 30 April 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 4 53,000 66,250
Tangible assets 5 18,890 22,470
71,890 88,720
Current assets
Stocks 112,085 113,787
Debtors 295,505 275,559
Cash at bank and in hand 65,635 36,720
473,225 426,066
Creditors: amounts falling due within
one year
(279,348) (251,948)
Net current assets 193,877 174,118
Total assets less current liabilities 265,767 262,838
Creditors: Amounts falling due after
more than one year
(50,000) (74,000)
NET ASSETS 215,767 188,838
Capital and reserves
Called up share capital 2 2
Profit and loss account 215,765 188,836
TOTAL EQUITY 215,767 188,838
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 April 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 06218425
Makz Eyecare Limited
Balance sheet - continued
as at 30 April 2024
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 29 January 2025 and signed on its behalf by:
Mr K Jagani, Director
29 January 2025
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Makz Eyecare Limited
Notes to the financial statements
for the year ended 30 April 2024
1 Company information
Makz Eyecare Limited is a private company registered in England and Wales. Its registered number is 06218425. The company is limited by shares. Its registered office is 59 Church Crescent, London, London, N20 0JR.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill - 5% straight line
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Short leasehold property - 10% straight line
Plant and machinery etc.:
Plant and machinery - 15% reducing balance
Fixtures & fittings - 15% reducing balance
Computer equipment - 25% reducing balance
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Makz Eyecare Limited
Notes to the financial statements - continued
for the year ended 30 April 2024
2 Accounting policies - continued
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 8 (2023 - 8).
4 Intangible assets
Goodwill
£
Cost
At 1 May 2023 265,000
At 30 April 2024 265,000
Amortisation
At 1 May 2023 198,750
Charge for year 13,250
At 30 April 2024 212,000
Net book value
At 30 April 2024 53,000
At 30 April 2023 66,250
4
Makz Eyecare Limited
Notes to the financial statements - continued
for the year ended 30 April 2024
5 Tangible fixed assets
Land and
buildings
Plant and
machinery
etc.
Totals
£ £ £
Cost
At 1 May 2023 5,000 66,168 71,168
At 30 April 2024 5,000 66,168 71,168
Depreciation
At 1 May 2023 5,000 43,698 48,698
Charge for year - 3,580 3,580
At 30 April 2024 5,000 47,278 52,278
Net book value
At 30 April 2024 - 18,890 18,890
At 30 April 2023 - 22,470 22,470
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