REGISTERED NUMBER: 08964086 (England and Wales)

Makers Europe Ltd

Audited Financial Statements for the Year Ended 30 September 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTOR:

M A Garrod

REGISTERED OFFICE:

59 St Martin's Lane

Unit 20

London

WC2N 4JS

REGISTERED NUMBER:

08964086 (England and Wales)

AUDITORS:

T&C Audit Services Ltd

Chandos House

School Lane

Buckingham

Buckinghamshire

MK18 1HD

FIXED ASSETS

Intangible assets

4

55,209

68,092

Tangible assets

5

296

593

55,505

68,685

CURRENT ASSETS

Debtors

6

364,587

126,740

Cash at bank

414

10,879

365,001

137,619

CREDITORS

Amounts falling due within one year

7

1,012,595

432,395

NET CURRENT LIABILITIES

(647,594

)

(294,776

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(592,089

)

(226,091

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(592,189

)

(226,191

)

SHAREHOLDERS' FUNDS

(592,089

)

(226,091

)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 December 2025 and were signed by:

M A Garrod - Director

1.	STATUTORY INFORMATION

Makers Europe Ltd 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 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.

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 3 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 October 2023

and 30 September 2024

128,830

AMORTISATION

At 1 October 2023

60,738

Charge for year

12,883

At 30 September 2024

73,621

NET BOOK VALUE

At 30 September 2024

55,209

At 30 September 2023

68,092

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 October 2023

and 30 September 2024

13,168

DEPRECIATION

At 1 October 2023

12,575

Charge for year

297

At 30 September 2024

12,872

NET BOOK VALUE

At 30 September 2024

296

At 30 September 2023

593

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

6,726

75,864

Other debtors

22,312

24,997

Intercompany

246,218

-

VAT

52,670

-

Prepayments and accrued income

36,661

25,879

364,587

126,740

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

69,008

50,969

Trade creditors

198,647

302,633

Corporation tax

-

976

Social security and other taxes

11,039

15,637

VAT

-

20,195

Other creditors

2,617

330

Intercompany

662,520

-

Accruals and deferred income

68,764

41,655

1,012,595

432,395

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kameliya Harrison (Senior Statutory Auditor)

for and on behalf of T&C Audit Services Ltd

T & C Audit Services Limited (Statutory Auditor)

9.	RELATED PARTY DISCLOSURES

Included in sales for the year is intercompany revenue of £671,386 (2023: £47,831). Included in direct costs for the year is intercompany expenditure of £NIL (2023: £32,499).

Included within Intercompany- creditors note 10- is £389,108, an amount owed to the parent company, Makers Inc and £273,411 an amount owed to Makers Productions USA Inc , which is part of the same group.

Included within Intercompany- debtors note 9- is £213,201 an amount owed by the parent company, Makers Inc and £33,017 an amount owed by Makers Productions USA Inc, which is part of the same group.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Makers Inc, a company registered in Canada (CRA Business number: 821390606)