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Company No: 10390436 (England and Wales)

MAKO BOARDSPORTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

MAKO BOARDSPORTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

MAKO BOARDSPORTS LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2024
MAKO BOARDSPORTS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
DIRECTOR G B N Cardozo MBE
REGISTERED OFFICE 9 Chaldicott Barns
Semley
Shaftesbury
SP7 9AW
United Kingdom
COMPANY NUMBER 10390436 (England and Wales)
MAKO BOARDSPORTS LIMITED

BALANCE SHEET

As at 31 December 2024
MAKO BOARDSPORTS LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Current assets
Cash at bank and in hand 643 6,904
643 6,904
Creditors: amounts falling due within one year 3 ( 20,300) ( 14,750)
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 ( 22,064) ( 26,667)
Net liabilities ( 41,721) ( 34,513)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 41,821 ) ( 34,613 )
Total shareholder's deficit ( 41,721) ( 34,513)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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: 10390436) were approved and authorised for issue by the Director on 16 April 2025. They were signed on its behalf by:

G B N Cardozo MBE
Director
MAKO BOARDSPORTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
MAKO BOARDSPORTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

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.

General information and basis of accounting

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

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.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

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

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including the director 1 1

3. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,000 10,000
Amounts owed to group undertakings (note 5) 5,300 0
Accruals 5,000 4,750
20,300 14,750

4. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 22,064 26,667

There are no amounts included above in respect of which any security has been given by the small entity.

5. Related party transactions

The Company has taken advantage of the exemption in FRS 102 Section 331A to not disclose transactions with wholly owned group entities.