IRIS Accounts Production v24.3.2.46 03349305 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh033493052023-10-31033493052024-10-31033493052023-11-012024-10-31033493052022-10-31033493052022-11-012023-10-31033493052023-10-3103349305ns15:EnglandWales2023-11-012024-10-3103349305ns14:PoundSterling2023-11-012024-10-3103349305ns10:Director12023-11-012024-10-3103349305ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3103349305ns10:SmallEntities2023-11-012024-10-3103349305ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3103349305ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3103349305ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3103349305ns10:FullAccounts2023-11-012024-10-3103349305ns5:CurrentFinancialInstruments2024-10-3103349305ns5:CurrentFinancialInstruments2023-10-3103349305ns5:Non-currentFinancialInstruments2024-10-3103349305ns5:Non-currentFinancialInstruments2023-10-3103349305ns5:ShareCapital2024-10-3103349305ns5:ShareCapital2023-10-3103349305ns5:RetainedEarningsAccumulatedLosses2024-10-3103349305ns5:RetainedEarningsAccumulatedLosses2023-10-3103349305ns10:RegisteredOffice2023-11-012024-10-3103349305ns5:PlantMachinery2023-11-012024-10-3103349305ns5:MotorVehicles2023-11-012024-10-3103349305ns5:ComputerEquipment2023-11-012024-10-3103349305ns5:LandBuildings2023-10-3103349305ns5:PlantMachinery2023-10-3103349305ns5:MotorVehicles2023-10-3103349305ns5:ComputerEquipment2023-10-3103349305ns5:LandBuildings2023-11-012024-10-3103349305ns5:LandBuildings2024-10-3103349305ns5:PlantMachinery2024-10-3103349305ns5:MotorVehicles2024-10-3103349305ns5:ComputerEquipment2024-10-3103349305ns5:LandBuildings2023-10-3103349305ns5:PlantMachinery2023-10-3103349305ns5:MotorVehicles2023-10-3103349305ns5:ComputerEquipment2023-10-3103349305ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-3103349305ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-11-012024-10-3103349305ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-10-3103349305ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-3103349305ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3103349305ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3103349305ns5:Secured2024-10-3103349305ns5:Secured2023-10-31
REGISTERED NUMBER: 03349305 (England and Wales)















Charles Makin Limited

Unaudited Financial Statements for the Year Ended 31 October 2024






Charles Makin Limited (Registered number: 03349305)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Charles Makin Limited (Registered number: 03349305)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,242,531 1,251,674

CURRENT ASSETS
Stocks 45,333 19,283
Debtors 5 29,832 106,698
75,165 125,981
CREDITORS
Amounts falling due within one year 6 255,421 266,893
NET CURRENT LIABILITIES (180,256 ) (140,912 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,062,275

1,110,762

CREDITORS
Amounts falling due after more than one year 7 (352,399 ) (380,739 )

PROVISIONS FOR LIABILITIES (3,483 ) (4,890 )
NET ASSETS 706,393 725,133

CAPITAL AND RESERVES
Called up share capital 607,652 607,652
Retained earnings 98,741 117,481
SHAREHOLDERS' FUNDS 706,393 725,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Charles Makin Limited (Registered number: 03349305)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:





Charles Makin - Director


Charles Makin Limited (Registered number: 03349305)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Charles Makin Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03349305

Registered office: Ivy House Farm
Breighton
Selby
North Yorkshire
YO8 6DH

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 historical cost convention.

Turnover
Turnover represents sales of crops, rental of agricultural land, subsidies due and contracting work done.

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.
Plant and machinery - 25% on cost, 10% on cost and 5% on cost
Motor vehicles - 25% on cost and 10% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

Charles Makin Limited (Registered number: 03349305)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 1,225,946 118,239 68,600 1,308 1,414,093
Disposals - (3,190 ) - - (3,190 )
At 31 October 2024 1,225,946 115,049 68,600 1,308 1,410,903
DEPRECIATION
At 1 November 2023 - 92,661 68,450 1,308 162,419
Charge for year - 9,143 - - 9,143
Eliminated on disposal - (3,190 ) - - (3,190 )
At 31 October 2024 - 98,614 68,450 1,308 168,372
NET BOOK VALUE
At 31 October 2024 1,225,946 16,435 150 - 1,242,531
At 31 October 2023 1,225,946 25,578 150 - 1,251,674

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£   
COST
At 1 November 2023
and 31 October 2024 15,000
DEPRECIATION
At 1 November 2023 9,627
Charge for year 1,500
At 31 October 2024 11,127
NET BOOK VALUE
At 31 October 2024 3,873
At 31 October 2023 5,373

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,578 102,756
Other debtors 123 123
Value added tax 2,903 1,664
Prepayments 2,228 2,155
29,832 106,698

Charles Makin Limited (Registered number: 03349305)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 109,754 90,412
Trade creditors 20,684 44,736
Other taxation & social security (2,089 ) 3,537
Other creditors 127,072 128,208
255,421 266,893

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 352,399 380,739

Amounts falling due in more than five years:

Repayable by instalments
NatWest loans > 5 yrs 256,112 292,392

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 82,354 66,412
Bank loans 379,799 404,739
462,153 471,151

The bank borrowings are secured on the company's freehold property.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Charles Makin.