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REGISTERED NUMBER: 08745073 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Make Projects Ltd

Make Projects Ltd (Registered number: 08745073)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Make Projects Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M Teeling
M Church





REGISTERED OFFICE: Studio 5.01 Here
470 Bath Road
Arnos Vale
Bristol
BS4 3AP





REGISTERED NUMBER: 08745073 (England and Wales)





ACCOUNTANTS: Pure Professionals Limited
Chartered Accountants & Tax Advisers
12 Whiteladies Road
Clifton
Bristol
BS8 1PD

Make Projects Ltd (Registered number: 08745073)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 95,467 24,429

CURRENT ASSETS
Debtors 5 1,223,466 647,333
Cash at bank 531,238 417,059
1,754,704 1,064,392
CREDITORS
Amounts falling due within one year 6 1,230,118 1,019,543
NET CURRENT ASSETS 524,586 44,849
TOTAL ASSETS LESS CURRENT
LIABILITIES

620,053

69,278

CREDITORS
Amounts falling due after more than one
year

7

(504,668

)

(27,778

)

PROVISIONS FOR LIABILITIES (18,139 ) (4,641 )
NET ASSETS 97,246 36,859

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 97,146 36,759
SHAREHOLDERS' FUNDS 97,246 36,859

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Projects Ltd (Registered number: 08745073)

Balance Sheet - continued
31 December 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 29 July 2024 and were signed on its behalf by:




M Church - Director



M Teeling - Director


Make Projects Ltd (Registered number: 08745073)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Make Projects 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 20 (2022 - 14 ) .

Make Projects Ltd (Registered number: 08745073)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 771 23,832 48,966 73,569
Additions 97,588 129 9,105 106,822
At 31 December 2023 98,359 23,961 58,071 180,391
DEPRECIATION
At 1 January 2023 608 11,184 37,348 49,140
Charge for year 24,438 3,195 8,151 35,784
At 31 December 2023 25,046 14,379 45,499 84,924
NET BOOK VALUE
At 31 December 2023 73,313 9,582 12,572 95,467
At 31 December 2022 163 12,648 11,618 24,429

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 139,263 302,474
Other debtors 1,084,203 344,859
1,223,466 647,333

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 76,280 66,667
Trade creditors 669,987 619,938
Taxation and social security 99,557 61,543
Other creditors 384,294 271,395
1,230,118 1,019,543

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 129,688 27,778
Other creditors 374,980 -
504,668 27,778

8. ULTIMATE CONTROLLING PARTY

The company is jointly controlled by its directors, M Teeling and M Church.