Registered number
00834050
Macari`s Limited
Filleted Accounts
31 December 2024
Macari`s Limited
Registered number: 00834050
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,988 4,985
Current assets
Stocks 137,016 203,397
Debtors 4 14,255 39,875
Cash at bank and in hand 571,436 463,997
722,707 707,269
Creditors: amounts falling due within one year 5 (31,499) (48,732)
Net current assets 691,208 658,537
Net assets 695,196 663,522
Capital and reserves
Called up share capital 255 255
Share premium 500 500
Profit and loss account 694,441 662,767
Shareholders' funds 695,196 663,522
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Stephen Macari
Director
Approved by the board on 3 November 2025
Macari`s Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% on reducing balance
Computer equipment 33% on reducing balance
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.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 7,655
At 31 December 2024 7,655
Depreciation
At 1 January 2024 2,670
Charge for the year 997
At 31 December 2024 3,667
Net book value
At 31 December 2024 3,988
At 31 December 2023 4,985
4 Debtors 2024 2023
£ £
Trade debtors 5,245 7,055
Other debtors 9,010 32,820
14,255 39,875
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 8,552 24,192
Other creditors 22,947 24,540
31,499 48,732
6 Related party transactions
At the balance sheet date, £2,722 (2023 £2,722) was due to Sola Sound Limited, a company controlled by common shareholders, and is included in other creditors.
7 Controlling party
The company is controlled by the directors.
8 Other information
Macari`s Limited is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
HA7 1JS
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