Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-27No description of principal activityfalse3The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-09-013falsefalsetrue 14269294 2023-09-01 2024-08-31 14269294 2022-09-01 2023-08-31 14269294 2024-08-31 14269294 2023-08-31 14269294 c:Director1 2023-09-01 2024-08-31 14269294 d:CurrentFinancialInstruments 2024-08-31 14269294 d:CurrentFinancialInstruments 2023-08-31 14269294 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 14269294 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 14269294 d:ShareCapital 2024-08-31 14269294 d:ShareCapital 2023-08-31 14269294 d:RetainedEarningsAccumulatedLosses 2024-08-31 14269294 d:RetainedEarningsAccumulatedLosses 2023-08-31 14269294 c:FRS102 2023-09-01 2024-08-31 14269294 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 14269294 c:FullAccounts 2023-09-01 2024-08-31 14269294 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 14269294 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 14269294










FELSTED MACKINS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
FELSTED MACKINS LTD
REGISTERED NUMBER: 14269294

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
4,829
4,075

Debtors: amounts falling due within one year
 3 
421
1,304

Cash at bank and in hand
  
137
330

  
5,387
5,709

Creditors: amounts falling due within one year
 4 
(16,690)
(13,303)

Net current liabilities
  
 
 
(11,303)
 
 
(7,594)

Total assets less current liabilities
  
(11,303)
(7,594)

  

Net liabilities
  
(11,303)
(7,594)


Capital and reserves
  

Called up share capital 
  
300
300

Profit and loss account
  
(11,603)
(7,894)

  
(11,303)
(7,594)


Page 1

 
FELSTED MACKINS LTD
REGISTERED NUMBER: 14269294
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Ms H C Mackin
Director

Date: 27 May 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
FELSTED MACKINS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Felsted Mackins Limited is a private limited company by shares and incorporated on 2 August 2022 in England and Wales, registeration number 14269294. The registered office is 8 The Courtyard, Wyncolls Road, Severalls Industrial Park, Colchester, Essex, United Kingdom, C04 9PE  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The average monthly number of employees, including directors, during the year was 3 (2023: 3)

 
2.2

Going concern

The Directors have assessed the Statement of Financial Position and likely future cash flows at the
date of approving these financial statements. The Directors note that the business has net liabilities
of £11,353. The Company is supported through loans from the Director's. The Director's have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and will continue to support the Company. The loan is unsecured and interest-free.
Given the current position, the Directors believe that any foreseeable debts can be met for at least
12 months from the date of signing these financial statements. Accordingly, they continue to adopt
the going concern basis in preparing the financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue 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 Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue 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.

Page 3

 
FELSTED MACKINS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Debtors

2024
2023
£
£


Trade debtors
136
1,304

Prepayments and accrued income
285
-

421
1,304


Page 4

 
FELSTED MACKINS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
15,490
11,803

Accruals
1,200
1,500

16,690
13,303


 
Page 5