REGISTERED NUMBER: 10481767 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

MADE HASTINGS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs K L Evans

Mr B Knight

Miss O Rowse

REGISTERED OFFICE:

Unit 2.02

High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

REGISTERED NUMBER:

10481767 (England and Wales)

ACCOUNTANTS:

Acuity Professional Partnership LLP

Unit 2.02 High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

FIXED ASSETS

Tangible assets

4

79,023

105,670

CURRENT ASSETS

Stocks

13,273

9,800

Debtors

5

254,308

199,896

Cash at bank

31,536

160,004

299,117

369,700

CREDITORS

Amounts falling due within one year

6

126,300

118,844

NET CURRENT ASSETS

172,817

250,856

TOTAL ASSETS LESS CURRENT LIABILITIES

251,840

356,526

CREDITORS

Amounts falling due after more than one year

7

(59,055

)

(94,234

)

PROVISIONS FOR LIABILITIES

8

(20,680

)

(20,080

)

NET ASSETS

172,105

242,212

CAPITAL AND RESERVES

Called up share capital

9

204

204

Retained earnings

171,901

242,008

SHAREHOLDERS' FUNDS

172,105

242,212

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2025 and were signed on its behalf by:

Miss O Rowse - Director

1.	STATUTORY INFORMATION

Made Hastings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

Straight line over 5 years

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

STOCKS

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

TAXATION

Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1 December 2023

and 30 November 2024

38,773

18,441

116,033

16,504

189,751

Depreciation

At 1 December 2023

38,773

12,992

17,063

15,253

84,081

Charge for year

-

1,090

24,742

815

26,647

At 30 November 2024

38,773

14,082

41,805

16,068

110,728

Net book value

At 30 November 2024

-

4,359

74,228

436

79,023

At 30 November 2023

-

5,449

98,970

1,251

105,670

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

33,176

-

Other debtors

30,732

9,496

63,908

9,496

Amounts falling due after more than one year:

Other debtors

190,400

190,400

Aggregate amounts

254,308

199,896

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

25,407

22,678

Trade creditors

18,466

15,395

Taxation and social security

32,050

50,274

Other creditors

40,377

20,497

126,300

118,844

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

5,655

15,655

Hire purchase contracts

53,400

78,579

59,055

94,234

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

20,680

20,080

Deferred

tax

£

Balance at 1 December 2023

20,080

Provided during year

600

Balance at 30 November 2024

20,680

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

102

Ordinary

£1

102

102

34

Ordinary Class A

£1

34

34

68

Ordinary Class B and C

£1

68

68

204

204