REGISTERED NUMBER: |
Report of the Directors and |
Unaudited Financial Statements for the Year Ended 31st December 2023 |
for |
Make One London Ltd |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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. |
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: |
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. |
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 |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
OPERATING PROFIT | 4 |
Interest payable and similar expenses | 5 |
PROFIT BEFORE TAXATION |
Tax on profit | 6 | ( |
) |
PROFIT FOR THE FINANCIAL YEAR |
Retained earnings at beginning of year |
Dividends | 7 | ( |
) |
RETAINED EARNINGS AT END OF YEAR |
Make One London Ltd (Registered number: 05029142) |
Balance Sheet |
31st December 2023 |
31/12/23 | 31/12/22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 8 |
CURRENT ASSETS |
Debtors | 9 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 10 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
11 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 12 |
Retained earnings | 13 |
SHAREHOLDERS' FUNDS |
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 were approved by the Board of Directors and authorised for issue on |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Computer equipment | - |
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 |
4. | OPERATING PROFIT |
The operating profit is stated after charging: |
31/12/23 | 31/12/22 |
£ | £ |
Depreciation - owned assets |
5. | INTEREST PAYABLE AND SIMILAR EXPENSES |
31/12/23 | 31/12/22 |
£ | £ |
Bank loan interest |
HMRC interest & penalties |
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 |
Prior Year Corporation Tax Adjustment | - | (288,000 | ) |
Tax on profit | ( |
) |
7. | DIVIDENDS |
31/12/23 | 31/12/22 |
£ | £ |
Interim |
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 |
Additions |
At 31st December 2023 |
DEPRECIATION |
At 1st January 2023 |
Charge for year |
At 31st December 2023 |
NET BOOK VALUE |
At 31st December 2023 |
At 31st December 2022 |
9. | DEBTORS |
31/12/23 | 31/12/22 |
£ | £ |
Amounts falling due within one year: |
Trade debtors | ( |
) |
Amounts owed by group undertakings |
Amounts recoverable on contract |
Other debtors |
Amounts falling due after more than one year: |
Trade debtors |
Aggregate amounts |
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 |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
11. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31/12/23 | 31/12/22 |
£ | £ |
Bank loans |
Trade creditors |
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: | £ | £ |
Ordinary shares | £1 | 125 | 125 |
13. | RESERVES |
Retained |
earnings |
£ |
At 1st January 2023 |
Profit for the year |
At 31st December 2023 |
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. |