REGISTERED NUMBER: |
Report of the Directors and |
Unaudited Financial Statements for the Year Ended 31st December 2023 |
for |
Make One Holdings Ltd |
REGISTERED NUMBER: |
Report of the Directors and |
Unaudited Financial Statements for the Year Ended 31st December 2023 |
for |
Make One Holdings Ltd |
Make One Holdings Ltd (Registered number: 12302074) |
Contents of the Financial Statements |
for the Year Ended 31st December 2023 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Accountants' Report | 3 |
Profit and loss account | 4 |
Balance Sheet | 5 |
Notes to the Financial Statements | 7 |
Make One Holdings 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 Holdings Ltd (Registered number: 12302074) |
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 a holding company. |
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: |
Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Make One Holdings Ltd |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Make One Holdings Ltd for the year ended 31st December 2023 which comprise the Profit and loss account, Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us. |
This report is made solely to the Board of Directors of Make One Holdings Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Make One Holdings Ltd and state those matters that we have agreed to state to the Board of Directors of Make One Holdings Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Make One Holdings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Make One Holdings Ltd. You consider that Make One Holdings Ltd is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Make One Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Central Chambers |
227 London Road |
Hadleigh |
Benfleet |
Essex |
SS7 2RF |
Date: ............................................. |
Make One Holdings Ltd (Registered number: 12302074) |
Profit and loss account |
for the Year Ended 31st December 2023 |
31/12/23 | 31/12/22 |
Notes | £ | £ |
TURNOVER |
Administrative expenses |
OPERATING PROFIT | 4 |
Income from shares in group undertakings |
185,608 | 376,895 |
Interest payable and similar expenses | 5 |
PROFIT BEFORE TAXATION |
Tax on profit | 6 |
PROFIT FOR THE FINANCIAL YEAR |
Make One Holdings Ltd (Registered number: 12302074) |
Balance Sheet |
31st December 2023 |
31/12/23 | 31/12/22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 8 |
Investments | 9 |
CURRENT ASSETS |
Debtors | 10 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 11 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
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 Holdings Ltd (Registered number: 12302074) |
Balance Sheet - continued |
31st December 2023 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Make One Holdings Ltd (Registered number: 12302074) |
Notes to the Financial Statements |
for the Year Ended 31st December 2023 |
1. | STATUTORY INFORMATION |
Make One Holdings 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 | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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. |
Make One Holdings Ltd (Registered number: 12302074) |
Notes to the Financial Statements - continued |
for the Year Ended 31st December 2023 |
2. | ACCOUNTING POLICIES - continued |
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 |
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 interest |
HMRC interest & penalties |
Interest payable |
Hire purchase |
6. | TAXATION |
Analysis of the tax charge |
The tax charge on the profit for the year was as follows: |
31/12/23 | 31/12/22 |
£ | £ |
Current tax: |
UK corporation tax |
Tax on profit |
Make One Holdings Ltd (Registered number: 12302074) |
Notes to the Financial Statements - continued |
for the Year Ended 31st December 2023 |
7. | DIVIDENDS |
31/12/23 | 31/12/22 |
£ | £ |
Ordinary Shares shares of £1 each |
Final |
8. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
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. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1st January 2023 |
and 31st December 2023 |
NET BOOK VALUE |
At 31st December 2023 |
At 31st December 2022 |
Make One Holdings Ltd (Registered number: 12302074) |
Notes to the Financial Statements - continued |
for the Year Ended 31st December 2023 |
9. | FIXED ASSET INVESTMENTS - continued |
The Company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: Central Chambers, 227 London Road, Hadleigh, Benfleet, Essex SS7 2RF |
Nature of business: |
% |
Class of shares: | holding |
£ | £ |
Aggregate capital and reserves |
Profit for the year |
Registered office: Central Chambers, 227 London Road, Hadleigh, Benfleet, Essex SS7 2RF |
Nature of business: |
% |
Class of shares: | holding |
£ | £ |
Aggregate capital and reserves | ( |
) | ( |
) |
Loss for the year | ( |
) | ( |
) |
Registered office: Central Chambers, 227 London Road, Hadleigh, Benfleet, Essex SS7 2RF |
Nature of business: |
% |
Class of shares: | holding |
£ | £ |
Aggregate capital and reserves |
Loss for the year | ( |
) | ( |
) |
Make One Holdings Ltd (Registered number: 12302074) |
Notes to the Financial Statements - continued |
for the Year Ended 31st December 2023 |
10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/23 | 31/12/22 |
£ | £ |
Trade debtors | ( |
) | ( |
) |
Amounts owed by group undertakings |
Other debtors |
11. | 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 |
12. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/12/23 | 31/12/22 |
value: | £ | £ |
Ordinary Shares | £1 | 100 | 100 |
Ordinary "A" Share | £1 | 1 | 1 |
Ordinary "B" Share | £1 | 1 | 1 |
Ordinary "C" Share | £1 | 1 | 1 |
Ordinary "D" Share | £1 | 1 | 1 |
1 | Ordinary "E" Share | £1 | 1 | 1 |
1 | Ordinary "F" Share | £1 | 1 | 1 |
106 | 106 |
13. | RESERVES |
Retained |
earnings |
£ |
At 1st January 2023 |
Profit for the year |
Dividends | ( |
) |
At 31st December 2023 |
Make One Holdings Ltd (Registered number: 12302074) |
Notes to the Financial Statements - continued |
for the Year Ended 31st December 2023 |
14. | ULTIMATE CONTROLLING PARTY |
The controlling party is Mr D Westwood. |