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REGISTERED NUMBER: 07954161 (England and Wales)












Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Make Me Something Special Ltd

Make Me Something Special Ltd (Registered number: 07954161)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Make Me Something Special Ltd

Company Information
for the Year Ended 29 February 2024







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
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 272,908 545,558

CURRENT ASSETS
Stocks 5 10,000 10,000
Debtors 6 2,701 2,009
Cash at bank 94,282 14,281
106,983 26,290
CREDITORS
Amounts falling due within one year 7 61,295 61,160
NET CURRENT ASSETS/(LIABILITIES) 45,688 (34,870 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

318,596

510,688

CREDITORS
Amounts falling due after more than one
year

8

202,306

384,852
NET ASSETS 116,290 125,836

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 116,190 125,736
SHAREHOLDERS' FUNDS 116,290 125,836

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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
29 February 2024


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 22 August 2024 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 29 February 2024

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.
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 29 February 2024

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 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2023 524,233 45,300 9,122
Additions - - 421
Disposals (266,467 ) - -
At 29 February 2024 257,766 45,300 9,543
DEPRECIATION
At 1 March 2023 - 37,111 6,701
Charge for year - 2,047 681
At 29 February 2024 - 39,158 7,382
NET BOOK VALUE
At 29 February 2024 257,766 6,142 2,161
At 28 February 2023 524,233 8,189 2,421

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 17,799 20,348 616,802
Additions - - 421
Disposals - - (266,467 )
At 29 February 2024 17,799 20,348 350,756
DEPRECIATION
At 1 March 2023 13,575 13,857 71,244
Charge for year 1,056 2,820 6,604
At 29 February 2024 14,631 16,677 77,848
NET BOOK VALUE
At 29 February 2024 3,168 3,671 272,908
At 28 February 2023 4,224 6,491 545,558

Make Me Something Special Ltd (Registered number: 07954161)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. STOCKS
29.2.24 28.2.23
£    £   
Stocks 10,000 10,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Prepayments & other debtors 2,701 2,009

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 11,616 20,897
Tax 34,175 20,835
Social security and other taxes 1,809 850
VAT 10,997 15,193
Other creditors 207 309
Accrued expenses 2,491 3,076
61,295 61,160

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans - 1-2 years 11,616 20,897
Bank loans - 2-5 years 34,847 62,691
Bank loans more 5 yr by instal 155,843 301,264
202,306 384,852

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 155,843 301,264

9. RESERVES
Retained
earnings
£   

At 1 March 2023 125,736
Profit for the year 103,313
Dividends (112,859 )
At 29 February 2024 116,190