Make the Leap Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 04325972 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2019

FOR

MAKE THE LEAP LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J M Strong

SECRETARY:

Mrs M D Lamburn

REGISTERED OFFICE:

Riverside House

3 Place Farm

Wheathampstead

Hertfordshire

AL4 8SB

REGISTERED NUMBER:

04325972 (England and Wales)

ACCOUNTANTS:

Lamburn & Turner

Riverside House

3 Place Farm

Wheathampstead

Hertfordshire

AL4 8SB

FIXED ASSETS

Intangible assets

4

2

Tangible assets

5

3

719

5

721

CURRENT ASSETS

Work in Progress

13,200

12,936

Debtors

5,276

-

Cash at bank

20,124

26,154

38,600

39,090

CREDITORS

Amounts falling due within one year

27,716

27,415

NET CURRENT ASSETS

10,884

11,675

TOTAL ASSETS LESS CURRENT
LIABILITIES

10,889

12,396

PROVISIONS FOR LIABILITIES

-

137

NET ASSETS

10,889

12,259

CAPITAL AND RESERVES

Called up share capital

9,000

Retained earnings

1,889

3,259

SHAREHOLDERS' FUNDS

10,889

12,259

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2020 and were signed by:

J M Strong - Director

1.	STATUTORY INFORMATION

Make the Leap 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 represents net invoiced sales of goods and services, excluding value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

Trade Marks are being amortised evenly over their estimated useful life of nil years.

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

-

Straight line over 3 years

Stocks & wip

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing

work in progress to their present location and condition.

Taxation

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2018

and 30 November 2019

11,531

AMORTISATION

At 1 December 2018

and 30 November 2019

11,529

NET BOOK VALUE

At 30 November 2019

2

At 30 November 2018

2

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2018

and 30 November 2019

3,512

DEPRECIATION

At 1 December 2018

2,793

Charge for year

716

At 30 November 2019

3,509

NET BOOK VALUE

At 30 November 2019

3

At 30 November 2018

719

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2019 and

30 November 2018:

30.11.19

30.11.18

£

J M Strong

Balance outstanding at start of year

-

Amounts advanced

(102,250

)

-

Amounts repaid

96,974

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(5,276

)

-

The loan was repaid in full by 31 July 2020.

7.	POST BALANCE SHEET EVENTS

The directors have considered the impact of the coronavirus pandemic on the company's financial position. Whilst it is likely

that there will be an impact, it is too soon to be able to quantify the impact and accordingly an estimate cannot be made and

the financial statements do not include any adjustments as a result.

Make the Leap Ltd - Accounts to registrar (filleted) - small 18.2

Make the Leap Ltd - Accounts to registrar (filleted) - small 18.2