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COMPANY REGISTRATION NUMBER: 07177258
Make My Day Publishing Limited
Filleted Unaudited Financial Statements
31 October 2024
Make My Day Publishing Limited
Financial Statements
Year ended 31 October 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Make My Day Publishing Limited
Statement of Financial Position
31 October 2024
2024
2023
Note
£
£
£
Current assets
Debtors
5
19,514
32,643
Cash at bank and in hand
63,119
33,489
--------
--------
82,633
66,132
Creditors: amounts falling due within one year
6
52,745
39,620
--------
--------
Net current assets
29,888
26,512
--------
--------
Total assets less current liabilities
29,888
26,512
Creditors: amounts falling due after more than one year
7
4,361
5,247
--------
--------
Net assets
25,527
21,265
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
25,427
21,165
--------
--------
Shareholders funds
25,527
21,265
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Make My Day Publishing Limited
Statement of Financial Position (continued)
31 October 2024
These financial statements were approved by the board of directors and authorised for issue on 24 June 2025 , and are signed on behalf of the board by:
Mr J M John
Director
Company registration number: 07177258
Make My Day Publishing Limited
Notes to the Financial Statements
Year ended 31 October 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 82 Unit A, 82 James Carter Road, Mildenhall, Bury St. Edmunds, IP28 7DE, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectation of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2).
5. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
11,694
Other debtors
19,514
20,949
--------
--------
19,514
32,643
--------
--------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
887
865
Trade creditors
38
Amounts owed to group undertakings and undertakings in which the company has a participating interest
44,230
31,213
Corporation tax
7,628
7,504
--------
--------
52,745
39,620
--------
--------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
4,361
5,247
-------
-------
8. Directors' advances, credits and guarantees
At the year end, the Directors owed £10,513 (2023: £4,650) to the company. During the year advances of £47,513 were made to the Directors and repayments of £41,650 made by the Directors. This was repaid post year end.
9. Related party transactions
At the year end, the company was owed £nil (2023: £11,694) from companies associated by common control. At the year end, the company owed £44,230 (2023: £31,213) to companies associated by common control.