Company Registration No. 13492096 (England and Wales)
MARGATE DESIGN COLLECTIVE LTD
Unaudited accounts
for the year ended 31 July 2024
MARGATE DESIGN COLLECTIVE LTD
Unaudited accounts
Contents
MARGATE DESIGN COLLECTIVE LTD
Company Information
for the year ended 31 July 2024
Directors
J Du Preez
J L Moore
Company Number
13492096 (England and Wales)
Registered Office
151 NORTHDOWN ROAD
MARGATE
KENT
CT9 2QY
UNITED KINGDOM
Accountants
Meades Accounting Limited
Mill Lane House
Mill Lane
Margate
CT9 1LB
MARGATE DESIGN COLLECTIVE LTD
Statement of financial position
as at 31 July 2024
Tangible assets
3,163
4,031
Cash at bank and in hand
6,455
4,899
Creditors: amounts falling due within one year
(11,820)
(22,666)
Net current assets
3,738
8,179
Called up share capital
2
2
Profit and loss account
6,899
12,208
Shareholders' funds
6,901
12,210
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by
J L Moore
Director
Company Registration No. 13492096
MARGATE DESIGN COLLECTIVE LTD
Notes to the Accounts
for the year ended 31 July 2024
MARGATE DESIGN COLLECTIVE LTD is a private company, limited by shares, registered in England and Wales, registration number 13492096. The registered office is 151 NORTHDOWN ROAD, MARGATE, KENT, CT9 2QY, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 August 2023
3,456
2,709
6,165
At 31 July 2024
3,456
2,709
6,165
At 1 August 2023
1,202
932
2,134
Charge for the year
451
417
868
At 31 July 2024
1,653
1,349
3,002
At 31 July 2024
1,803
1,360
3,163
At 31 July 2023
2,254
1,777
4,031
MARGATE DESIGN COLLECTIVE LTD
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Trade debtors
3,843
20,251
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,786
1,849
Taxes and social security
-
1,269
Loans from directors
1,356
8,565
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).