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Registered Number: 04347516


 

 

 

MAKEOVER DESIGNS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 06 April 2023

End date: 05 April 2024
Accountant’s report
You consider that the company is exempt from an audit for the year ended 05 April 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Vicom Accountancy Services Ltd
05 April 2024



....................................................

Vicom Accountancy Services Ltd

128 City Road
London
EC1V 2NX
02 January 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 10,300    11,112 
Tangible fixed assets 4 8,889    9,886 
19,189    20,998 
Current assets      
Stocks 43,100    43,100 
Debtors 67,565    6,565 
Cash at bank and in hand   4,252 
110,665    53,917 
Creditors: amount falling due within one year (31,880)   (17,784)
Net current assets 78,785    36,133 
 
Total assets less current liabilities 97,974    57,131 
Creditors: amount falling due after more than one year (17,483)   (20,551)
Net assets 80,491    36,580 
 

Capital and reserves
     
Called up share capital 1,000    1,000 
Profit and loss account 79,491    35,580 
Shareholders' funds 80,491    36,580 
 


For the year ended 05 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 02 January 2025 and were signed on its behalf by:


-------------------------------
Orobola Akinseye
Director
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General Information
MAKEOVER DESIGNS LIMITED is a private company, limited by shares, registered in , registration number 04347516, registration address 38 Wesley Avenue, Royal Park, London, NW10 7BN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Trade Mark
Trade Mark is stated at cost less amortization. Amortization is calculated on a straight line basis over the estimated expected useful economic life of the Trade Mark of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 5% Straight Line
Plant and Machinery 20% Straight Line
Motor Vehicles 20% Straight Line
Fixtures and Fittings 20% Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Intangible fixed assets

Cost Goodwill   Other   Total
  £   £   £
At 06 April 2023 5,527    5,585    11,112 
Additions    
Disposals    
At 05 April 2024 5,527    5,585    11,112 
Amortisation
At 06 April 2023    
Charge for year 276    536    812 
On disposals    
At 05 April 2024 276    536    812 
Net book values
At 05 April 2024 5,251    5,049    10,300 
At 05 April 2023 5,527    5,585    11,112 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Land and Buildings   Total
  £   £   £   £   £
At 06 April 2023 3,553    550    223    5,560    9,886 
Additions     184      184 
Disposals        
At 05 April 2024 3,553    550    407    5,560    10,070 
Depreciation
At 06 April 2023        
Charge for year 711    110    82    278    1,181 
On disposals        
At 05 April 2024 711    110    82    278    1,181 
Net book values
Closing balance as at 05 April 2024 2,842    440    325    5,282    8,889 
Opening balance as at 06 April 2023 3,553    550    223    5,560    9,886 

The net book value of Land and Buildings includes £ 5,282 (2023 £5,560) in respect of assets leased under finance leases or hire purchase contracts.

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