| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE PERIOD 1 APRIL 2024 TO 31 JANUARY 2025 |
| FOR |
| Make Food Work Limited |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE PERIOD 1 APRIL 2024 TO 31 JANUARY 2025 |
| FOR |
| Make Food Work Limited |
| Make Food Work Limited (Registered number: 08058919) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the period 1 April 2024 to 31 January 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 7 |
| Make Food Work Limited |
| COMPANY INFORMATION |
| for the period 1 April 2024 to 31 January 2025 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| 129 North Hill |
| Plymouth |
| Devon |
| PL4 8JY |
| Make Food Work Limited (Registered number: 08058919) |
| BALANCE SHEET |
| 31 January 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 6 |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
7 |
( |
) |
| Provisions for liabilities | 9 | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital | 10 |
| Retained earnings |
| Shareholders' funds |
| Make Food Work Limited (Registered number: 08058919) |
| BALANCE SHEET - continued |
| 31 January 2025 |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Make Food Work Limited (Registered number: 08058919) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the period 1 April 2024 to 31 January 2025 |
| 1. | STATUTORY INFORMATION |
| Make Food Work Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office and business address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents amounts receivable in respect of goods. Turnover is recognised, net of value added tax, upon delivery to the customer. |
| Going concern |
| The directors have decided to cease trading on 31st January 2025 and will shortly be winding down the company. All assets and liabilities are duly stated at their recoverable/payable amounts. The company is no longer a going concern. |
| Intangible assets |
| Intangible assets represent the capitalised value of constructing operational software, amortised over its estimated useful life of 8 years from implementation. The asset has now been removed due to it no longer having economic use. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Plant and Machinery - 20% reducing balance |
| Fixtures and fittings - 30% on reducing balance |
| Short leasehold - Straight line over 5 years |
| Stocks |
| Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Make Food Work Limited (Registered number: 08058919) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the period 1 April 2024 to 31 January 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Pensions |
| The company operates a statutory pension scheme. Employer contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
| Debtors |
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
| Creditors |
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
| Provisions |
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| Make Food Work Limited (Registered number: 08058919) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the period 1 April 2024 to 31 January 2025 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | Plant and | and |
| leasehold | machinery | fittings | Totals |
| £ | £ | £ | £ |
| Cost |
| At 1 April 2024 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
| At 31 January 2025 |
| Depreciation |
| At 1 April 2024 |
| Charge for period |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) |
| At 31 January 2025 |
| Net book value |
| At 31 January 2025 |
| At 31 March 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| Other creditors includes £76,901 in respect of invoice discounting advances; 2024 £247,413. |
| Make Food Work Limited (Registered number: 08058919) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the period 1 April 2024 to 31 January 2025 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Invoice discounting advances | 76,901 | 247,413 |
| Invoice discounting advances are secured against relevant outstanding trade debtors. |
| 9. | PROVISIONS FOR LIABILITIES |
| 2025 | 2024 |
| £ | £ |
| Deferred tax | - | 3,950 |
| Deferred |
| tax |
| £ |
| Balance at 1 April 2024 |
| Provided during period | ( |
) |
| Balance at 31 January 2025 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 11. | RELATED PARTY DISCLOSURES |
| At the balance sheet date the two directors, S and Mrs S Maris were jointly owed £14,717. The company owed £73,460 to More Than Most Ltd, the company parent. No interest is charged on outstanding amounts and there are no set dates for repayment. |
| 12. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by its parent company, More Than Most Limited, a company incorporated in the UK. |