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REGISTERED NUMBER: 05029142 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31st December 2023

for

Make One London Ltd

Make One London Ltd (Registered number: 05029142)






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




Page

Company Information 1

Report of the Directors 2

Report of the Accountants 3

Statement of Income and Retained Earnings 4

Balance Sheet 5

Notes to the Financial Statements 7


Make One London Ltd

Company Information
for the Year Ended 31st December 2023







DIRECTORS: Mr D Westwood
Mr M L Field





REGISTERED OFFICE: Central Chambers
227 London Road
Hadleigh
Benfleet
Essex
SS7 2RF





REGISTERED NUMBER: 05029142 (England and Wales)





ACCOUNTANTS: Field & Co LLP
Central Chambers
227 London Road
Hadleigh
Benfleet
Essex
SS7 2RF

Make One London Ltd (Registered number: 05029142)

Report of the Directors
for the Year Ended 31st December 2023

The directors present their report with the financial statements of the Company for the year ended 31st December 2023.

PRINCIPAL ACTIVITY
The principal activity of the Company in the year under review was that of building contractors.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st January 2023 to the date of this report.

Mr D Westwood
Mr M L Field

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr D Westwood - Director


17th June 2024

Make One London Ltd

Report of the Accountants to the Directors of
Make One London Ltd


As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st December 2023 set out on pages four to eleven and you consider that the Company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Field & Co LLP
Central Chambers
227 London Road
Hadleigh
Benfleet
Essex
SS7 2RF


Date: .............................................

Make One London Ltd (Registered number: 05029142)

Statement of Income and Retained Earnings
for the Year Ended 31st December 2023

31/12/23 31/12/22
Notes £    £   

TURNOVER 30,588,908 15,186,644

Cost of sales 27,367,337 13,253,694
GROSS PROFIT 3,221,571 1,932,950

Administrative expenses 2,315,266 1,611,176
OPERATING PROFIT 4 906,305 321,774


Interest payable and similar expenses 5 16,382 11,282
PROFIT BEFORE TAXATION 889,923 310,492

Tax on profit 6 148,519 (288,000 )
PROFIT FOR THE FINANCIAL YEAR 741,404 598,492

Retained earnings at beginning of year 1,057,970 809,478

Dividends 7 - (350,000 )

RETAINED EARNINGS AT END OF YEAR 1,799,374 1,057,970

Make One London Ltd (Registered number: 05029142)

Balance Sheet
31st December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 12,796 -

CURRENT ASSETS
Debtors 9 2,384,601 3,209,626
Cash at bank 2,056,674 1,217,628
4,441,275 4,427,254
CREDITORS
Amounts falling due within one year 10 2,106,769 2,751,651
NET CURRENT ASSETS 2,334,506 1,675,603
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,347,302

1,675,603

CREDITORS
Amounts falling due after more than
one year

11

547,803

617,508
NET ASSETS 1,799,499 1,058,095

CAPITAL AND RESERVES
Called up share capital 12 125 125
Retained earnings 13 1,799,374 1,057,970
SHAREHOLDERS' FUNDS 1,799,499 1,058,095

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st 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 One London Ltd (Registered number: 05029142)

Balance Sheet - continued
31st December 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 17th June 2024 and were signed on its behalf by:





Mr D Westwood - Director


Make One London Ltd (Registered number: 05029142)

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

1. STATUTORY INFORMATION

Make One London 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.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Make One London Ltd (Registered number: 05029142)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2022 - 23 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31/12/23 31/12/22
£    £   
Depreciation - owned assets 3,538 -

5. INTEREST PAYABLE AND SIMILAR EXPENSES
31/12/23 31/12/22
£    £   
Bank loan interest 1,211 1,210
HMRC interest & penalties 15,171 10,072
16,382 11,282

6. TAXATION

Analysis of the tax charge/(credit)
The tax charge/(credit) on the profit for the year was as follows:
31/12/23 31/12/22
£    £   
Current tax:
UK corporation tax 148,519 -
Prior Year Corporation Tax Adjustment - (288,000 )

Tax on profit 148,519 (288,000 )

7. DIVIDENDS
31/12/23 31/12/22
£    £   
Interim - 350,000

Make One London Ltd (Registered number: 05029142)

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

8. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st January 2023 27,010
Additions 16,334
At 31st December 2023 43,344
DEPRECIATION
At 1st January 2023 27,010
Charge for year 3,538
At 31st December 2023 30,548
NET BOOK VALUE
At 31st December 2023 12,796
At 31st December 2022 -

9. DEBTORS
31/12/23 31/12/22
£    £   
Amounts falling due within one year:
Trade debtors 693,921 (1,033 )
Amounts owed by group undertakings 608,013 769,312
Amounts recoverable on contract - 766,461
Other debtors 227,000 1,674,886
1,528,934 3,209,626

Amounts falling due after more than one year:
Trade debtors 855,667 -

Aggregate amounts 2,384,601 3,209,626

Make One London Ltd (Registered number: 05029142)

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

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts - 39
Trade creditors 1,578,027 1,242,010
Amounts owed to group undertakings 155,000 421,002
Taxation and social security 337,760 656,013
Other creditors 35,982 432,587
2,106,769 2,751,651

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans 38,750 43,750
Trade creditors 509,053 573,758
547,803 617,508

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 38,750 43,750

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
125 Ordinary shares £1 125 125

13. RESERVES
Retained
earnings
£   

At 1st January 2023 1,057,970
Profit for the year 741,404
At 31st December 2023 1,799,374

Make One London Ltd (Registered number: 05029142)

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

14. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Westwood.

The ultimate controlling party is Mr D W Westwood by virtue of his ownership of the entire issued share capital in Make One Holdings Limited.