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REGISTERED NUMBER: 07954161 (England and Wales)












Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Make Me Something Special Ltd

Make Me Something Special Ltd (Registered number: 07954161)






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


Make Me Something Special Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: B P Griffiths
Mrs D P Griffiths





REGISTERED OFFICE: 39 Station Road
Liphook
Hampshire
GU30 7DW





REGISTERED NUMBER: 07954161 (England and Wales)





ACCOUNTANTS: Tropman & Co Limited
39 Station Road
Liphook
Hampshire
GU30 7DW

Make Me Something Special Ltd (Registered number: 07954161)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 545,558 279,933

CURRENT ASSETS
Stocks 5 10,000 10,000
Debtors 6 2,009 682
Cash at bank 14,281 61,318
26,290 72,000
CREDITORS
Amounts falling due within one year 7 61,160 66,026
NET CURRENT (LIABILITIES)/ASSETS (34,870 ) 5,974
TOTAL ASSETS LESS CURRENT
LIABILITIES

510,688

285,907

CREDITORS
Amounts falling due after more than one
year

8

384,852

161,090
NET ASSETS 125,836 124,817

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 125,736 124,717
SHAREHOLDERS' FUNDS 125,836 124,817

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.

Make Me Something Special Ltd (Registered number: 07954161)

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 15 November 2023 and were signed on its behalf by:





Mrs D P Griffiths - Director


Make Me Something Special Ltd (Registered number: 07954161)

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

1. STATUTORY INFORMATION

Make Me Something Special 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Make Me Something Special Ltd (Registered number: 07954161)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
Contributions made by the company to the directors personal pension scheme are charged to the income statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2022 257,766 45,300 8,839
Additions 266,467 - 283
At 28 February 2023 524,233 45,300 9,122
DEPRECIATION
At 1 March 2022 - 34,381 5,894
Charge for year - 2,730 807
At 28 February 2023 - 37,111 6,701
NET BOOK VALUE
At 28 February 2023 524,233 8,189 2,421
At 28 February 2022 257,766 10,919 2,945

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2022 17,799 13,684 343,388
Additions - 6,664 273,414
At 28 February 2023 17,799 20,348 616,802
DEPRECIATION
At 1 March 2022 12,167 11,013 63,455
Charge for year 1,408 2,844 7,789
At 28 February 2023 13,575 13,857 71,244
NET BOOK VALUE
At 28 February 2023 4,224 6,491 545,558
At 28 February 2022 5,632 2,671 279,933

Make Me Something Special Ltd (Registered number: 07954161)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2022 17,799
Transfer to ownership (17,799 )
At 28 February 2023 -
DEPRECIATION
At 1 March 2022 12,167
Transfer to ownership (12,167 )
At 28 February 2023 -
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 5,632

5. STOCKS
28.2.23 28.2.22
£    £   
Stocks 10,000 10,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Prepayments & other debtors 2,009 682

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 20,897 11,933
Hire purchase contracts - 2,775
Trade creditors - 326
Tax 20,835 31,215
Social security and other taxes 850 844
VAT 15,193 16,459
Other creditors 309 378
Accrued expenses 3,076 2,096
61,160 66,026

Make Me Something Special Ltd (Registered number: 07954161)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans - 1-2 years 20,897 11,933
Bank loans - 2-5 years 62,691 35,798
Bank loans more 5 yr by instal 301,264 113,359
384,852 161,090

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 301,264 113,359

9. RESERVES
Retained
earnings
£   

At 1 March 2022 124,717
Profit for the year 89,360
Dividends (88,341 )
At 28 February 2023 125,736