REGISTERED NUMBER: 11626201 (England and Wales)

Financial Statements

for the Year Ended 31 October 2023

for

Themakerspace Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J S Doughty

Mrs K Surman

SECRETARY:

REGISTERED OFFICE:

20 Crewe Road

Sandbach

CW11 4NE

REGISTERED NUMBER:

11626201 (England and Wales)

ACCOUNTANTS:

John Greenall & Co Limited

20 Crewe Road

Sandbach

Cheshire

CW11 4NE

FIXED ASSETS

Tangible assets

4

27,434

22,362

CURRENT ASSETS

Stocks

32,185

34,780

Debtors

5

62,661

14,401

Cash at bank and in hand

45,057

36,894

139,903

86,075

CREDITORS

Amounts falling due within one year

6

98,236

38,698

NET CURRENT ASSETS

41,667

47,377

TOTAL ASSETS LESS CURRENT LIABILITIES

69,101

69,739

CREDITORS

Amounts falling due after more than one year

7

(42,254

)

(45,000

)

PROVISIONS FOR LIABILITIES

(4,305

)

(3,052

)

NET ASSETS

22,542

21,687

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

22,442

21,587

22,542

21,687

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

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 28 March 2025 and were signed on its behalf by:

J S Doughty - Director

1.	STATUTORY INFORMATION

Themakerspace Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

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 and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 November 2022

29,385

Additions

9,914

At 31 October 2023

39,299

DEPRECIATION

At 1 November 2022

7,023

Charge for year

4,842

At 31 October 2023

11,865

NET BOOK VALUE

At 31 October 2023

27,434

At 31 October 2022

22,362

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.23

31.10.22

£

£

Amounts owed by associates

62,661

14,401

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.23

31.10.22

£

£

Trade creditors

13,446

-

Amounts owed to associates

13,690

-

Taxation and social security

59,239

24,138

Other creditors

11,861

14,560

98,236

38,698

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.23

31.10.22

£

£

Other creditors

42,254

45,000