Company No: 08869165 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Eric Fong Tsau Huang
	Graham Keith Huggins
	James Edward Huggins
	James Jonathan Gaydon Mark
	Mike Outlaw

REGISTERED OFFICE	C/O Praxis
	1 Poultry
	London
	EC2R 8EJ
	United Kingdom

COMPANY NUMBER

08869165 (England and Wales)

CHARTERED ACCOUNTANTS	Praxis
	1 Poultry
	London
	EC2R 8EJ
	United Kingdom

	Note	2022		2021
		£		£
Fixed assets
Intangible assets	3	168,000		210,000
Tangible assets	4	5,538		9,795
		173,538		219,795
Current assets
Debtors	5	6,286		24,696
Cash at bank and in hand		33,545		32,087
		39,831		56,783
Creditors: amounts falling due within one year	6	( 366,337)		( 420,372)
Net current liabilities		(326,506)		(363,589)
Total assets less current liabilities		(152,968)		(143,794)
Net liabilities		( 152,968)		( 143,794)
Capital and reserves
Called-up share capital	7	5,915		5,915
Share premium account		527,571		527,571
Profit and loss account		( 686,454 )		( 677,280 )
Total shareholders' deficit		( 152,968)		( 143,794)

For the financial year ending 30 September 2022 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Made In Me Limited (registered number: 08869165) were approved and authorised for issue by the Board of Directors on 22 June 2023. They were signed on its behalf by:

James Edward Huggins Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Made In Me Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Praxis, 1 Poultry, London, EC2R 8EJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £152,968. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill	10 years straight line
Other intangible assets	5 years straight line

Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is [number] years.

Trademarks, patents and licences

Separately acquired patents and trademarks are included at cost and amortised in equal annual instalments over a period of [amount of years] years which is their estimated useful economic life. Provision is made for any impairment.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2022		2021
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Intangible assets

	Goodwill		Other intangible assets		Total
	£		£		£
Cost
At 01 October 2021	420,000		34,437		454,437
At 30 September 2022	420,000		34,437		454,437
Accumulated amortisation
At 01 October 2021	210,000		34,437		244,437
Charge for the financial year	42,000		0		42,000
	0		0		0
At 30 September 2022	252,000		34,437		286,437
Net book value
At 30 September 2022	168,000		0		168,000
At 30 September 2021	210,000		0		210,000

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 October 2021	33,856		33,856
At 30 September 2022	33,856		33,856
Accumulated depreciation
At 01 October 2021	24,061		24,061
Charge for the financial year	4,257		4,257
At 30 September 2022	28,318		28,318
Net book value
At 30 September 2022	5,538		5,538
At 30 September 2021	9,795		9,795

5. Debtors

	2022		2021
	£		£
Trade debtors	2,875		0
Amounts owed by related parties	0		24,696
Other debtors	3,411		0
	6,286		24,696

6. Creditors: amounts falling due within one year

	2022		2021
	£		£
Bank loans	190,000		190,000
Trade creditors	0		4,318
Other taxation and social security	3,178		2,903
Other creditors	173,159		223,151
	366,337		420,372

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

	2022		2021
	£		£
Allotted, called-up and fully-paid
591,524 Ordinary shares of £ 0.01 each	5,915		5,915

8. Financial commitments

The Company had no material capital commitments at the year ended 30 September 2022.

9. Related party transactions

Other related party transactions

	2022		2021
	£		£
Amounts owed by a company under common control	0		24,596

During the year, the directors made various payments on behalf of the company which were credited to their respective loan accounts. At the balance sheet date, the total amount owed to directors amounted to £48,630 (2021: £52,150 ).

10. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial year.