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REGISTERED NUMBER: 03522035 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Makeway Limited

Makeway Limited (Registered number: 03522035)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Makeway Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: A Gheiace
H Alooche





SECRETARY: H Alooche





REGISTERED OFFICE: 27 The Mount
Rickmansworth
Hertfordshire
WD3 4DW





REGISTERED NUMBER: 03522035 (England and Wales)





ACCOUNTANTS: Pleasant Accounting Ltd
27 The Mount
Rickmansworth
Hertfordshire
WD3 4DW

Makeway Limited (Registered number: 03522035)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 645,695 649,101

CURRENT ASSETS
Debtors 5 40,840 15,632
Cash at bank 79,941 2,392
120,781 18,024
CREDITORS
Amounts falling due within one year 6 61,316 24,523
NET CURRENT ASSETS/(LIABILITIES) 59,465 (6,499 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

705,160

642,602

CREDITORS
Amounts falling due after more than one
year

7

294,723

301,972
NET ASSETS 410,437 340,630

CAPITAL AND RESERVES
Called up share capital 900 900
Retained earnings 409,537 339,730
410,437 340,630

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

Makeway Limited (Registered number: 03522035)

Balance Sheet - continued
28 February 2023


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 Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:





A Gheiace - Director


Makeway Limited (Registered number: 03522035)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Makeway 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.
Land and buildings - 1% on cost
Plant and machinery etc - 25% on reducing balance and 2% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Makeway Limited (Registered number: 03522035)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 526,339 340,287 866,626
DEPRECIATION
At 1 March 2022 59,311 158,214 217,525
Charge for year - 3,406 3,406
At 28 February 2023 59,311 161,620 220,931
NET BOOK VALUE
At 28 February 2023 467,028 178,667 645,695
At 28 February 2022 467,028 182,073 649,101

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 40,840 15,632

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors - 6,751
Taxation and social security 10,705 12,460
Other creditors 50,611 5,312
61,316 24,523

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Other creditors 294,723 301,972

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 270,000 270,000