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REGISTERED NUMBER: 12302074 (England and Wales)















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: Mr D Westwood
Mr M L Field





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





REGISTERED NUMBER: 12302074 (England and Wales)





ACCOUNTANTS: Field & Co LLP
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.

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


24th September 2024

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.






Field & Co LLP
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 2,240,295 1,462,661

Administrative expenses 2,054,687 1,435,766
OPERATING PROFIT 4 185,608 26,895

Income from shares in group
undertakings

-

350,000
185,608 376,895

Interest payable and similar expenses 5 15,189 8,738
PROFIT BEFORE TAXATION 170,419 368,157

Tax on profit 6 29,164 -
PROFIT FOR THE FINANCIAL YEAR 141,255 368,157

Make One Holdings Ltd (Registered number: 12302074)

Balance Sheet
31st December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 41,645 26,991
Investments 9 115,200 115,200
156,845 142,191

CURRENT ASSETS
Debtors 10 370,961 973,577
Cash at bank and in hand 54,455 85,374
425,416 1,058,951
CREDITORS
Amounts falling due within one year 11 571,094 1,181,310
NET CURRENT LIABILITIES (145,678 ) (122,359 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,167

19,832

PROVISIONS FOR LIABILITIES 5,789 5,789
NET ASSETS 5,378 14,043

CAPITAL AND RESERVES
Called up share capital 12 106 106
Retained earnings 13 5,272 13,937
SHAREHOLDERS' FUNDS 5,378 14,043

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 Holdings Ltd (Registered number: 12302074)

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 24th September 2024 and were signed on its behalf by:





Mr D Westwood - Director


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 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

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 9 (2022 - 10 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31/12/23 31/12/22
£    £   
Depreciation - owned assets 19,270 20,469

5. INTEREST PAYABLE AND SIMILAR EXPENSES
31/12/23 31/12/22
£    £   
Bank interest 32 -
HMRC interest & penalties 5,855 -
Interest payable - 8,738
Hire purchase 9,302 -
15,189 8,738

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 29,164 -
Tax on profit 29,164 -

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 149,920 357,339

8. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st January 2023 12,292 58,578 70,870
Additions 6,353 27,571 33,924
At 31st December 2023 18,645 86,149 104,794
DEPRECIATION
At 1st January 2023 1,693 42,186 43,879
Charge for year 3,429 15,841 19,270
At 31st December 2023 5,122 58,027 63,149
NET BOOK VALUE
At 31st December 2023 13,523 28,122 41,645
At 31st December 2022 10,599 16,392 26,991

9. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2023
and 31st December 2023 115,200
NET BOOK VALUE
At 31st December 2023 115,200
At 31st December 2022 115,200

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:

Make One Aquisitions Ltd
Registered office: Central Chambers, 227 London Road, Hadleigh, Benfleet, Essex SS7 2RF
Nature of business: Investment Company
%
Class of shares: holding
Ordinary Shares 100.00
Ordinary A Shares 100.00
31/12/23 31/12/22
£    £   
Aggregate capital and reserves 2,968 2,968
Profit for the year - 350,000

Make One Construct Limited
Registered office: Central Chambers, 227 London Road, Hadleigh, Benfleet, Essex SS7 2RF
Nature of business: Construction
%
Class of shares: holding
Ordinary 100.00
31/12/23 31/12/22
£    £   
Aggregate capital and reserves (739,020 ) (108,305 )
Loss for the year (630,715 ) (263,923 )

Falkus Joinery Limited
Registered office: Central Chambers, 227 London Road, Hadleigh, Benfleet, Essex SS7 2RF
Nature of business: Joinery
%
Class of shares: holding
Ordinary Shares 100.00
31/12/23 31/12/22
£    £   
Aggregate capital and reserves 293,677 476,143
Loss for the year (138,716 ) (32,299 )

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 (738,841 ) (98,400 )
Amounts owed by group undertakings 876,105 859,516
Other debtors 233,697 212,461
370,961 973,577

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 5,490 976
Trade creditors 204,226 213,112
Amounts owed to group undertakings 176,281 703,084
Taxation and social security 59,413 154,862
Other creditors 125,684 109,276
571,094 1,181,310

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
100 Ordinary Shares £1 100 100
1 Ordinary "A" Share £1 1 1
1 Ordinary "B" Share £1 1 1
1 Ordinary "C" Share £1 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 13,937
Profit for the year 141,255
Dividends (149,920 )
At 31st December 2023 5,272

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.