Company No:
Contents
DIRECTOR | G B N Cardozo MBE |
REGISTERED OFFICE | 9 Chaldicott Barns |
Semley | |
Shaftesbury | |
SP7 9AW | |
United Kingdom |
COMPANY NUMBER | 10390436 (England and Wales) |
Note | 2024 | 2023 | ||
£ | £ | |||
Current assets | ||||
Cash at bank and in hand |
|
|
||
643 | 6,904 | |||
Creditors: amounts falling due within one year | 3 | (
|
(
|
|
Net current liabilities | (19,657) | (7,846) | ||
Total assets less current liabilities | (19,657) | (7,846) | ||
Creditors: amounts falling due after more than one year | 4 | (
|
(
|
|
Net liabilities | (
|
(
|
||
Capital and reserves | ||||
Called-up share capital |
|
|
||
Profit and loss account | (
|
(
|
||
Total shareholder's deficit | (
|
(
|
Director's responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Mako Boardsports Limited (registered number:
G B N Cardozo MBE
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Mako Boardsports Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 9 Chaldicott Barns, Semley, Shaftesbury, SP7 9AW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
Turnover from the sale of goods is recognised when all of the following conditions are satisfied: the Company has transferred the significant risks and rewards of ownership to the buyer; the amount of turnover can be measured reliably; it is probable that the Company will receive the consideration due under the transaction; and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the company during the year, including the director |
|
|
2024 | 2023 | ||
£ | £ | ||
Bank loans |
|
|
|
Amounts owed to group undertakings (note 5) |
|
|
|
Accruals |
|
|
|
|
|
2024 | 2023 | ||
£ | £ | ||
Bank loans |
|
|
The Company has taken advantage of the exemption in FRS 102 Section 331A to not disclose transactions with wholly owned group entities.