Make One Construct Ltd - Limited company accounts 20.1

REGISTERED NUMBER: 12308001 (England and Wales)

Report of the Directors and

Unaudited Financial Statements

for the Period 11th November 2019 to 31st December 2020

for

Make One Construct Ltd

Page

Company Information

1

Report of the Directors

2

Report of the Accountants

3

Profit and loss account

4

Balance Sheet

5

Notes to the Financial Statements

7

DIRECTORS:

Mr D Westwood

Mr M L Field

REGISTERED OFFICE:

Central Chambers

227 London Road

Hadleigh

Benfleet

Essex

SS7 2RF

REGISTERED NUMBER:

12308001 (England and Wales)

ACCOUNTANTS:

Field & Co LLP

Central Chambers

227 London Road

Hadleigh

Benfleet

Essex

SS7 2RF

The directors present their report with the financial statements of the Company for the period 11th November 2019 to 31st December 2020.

INCORPORATION

The Company was incorporated on 11th November 2019 and commenced trading on the same date.

PRINCIPAL ACTIVITY

The principal activity of the Company in the period under review was that of building and construction services.

DIRECTORS

Mr D Westwood has held office during the whole of the period from 11th November 2019 to the date of this report.

Other changes in directors holding office are as follows:

Mr S A Cherry - appointed 11th November 2019 - resigned 31st July 2020

Mr M L Field - appointed 1st August 2020

Mr J Kearney - appointed 11th November 2019 - resigned 31st July 2020

Mr G S Pinchin - appointed 11th November 2019 - resigned 31st July 2020

Both the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting.

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

8th April 2021

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 31st December 2020 set out on pages four to nine 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.

Field & Co LLP

Central Chambers

227 London Road

Hadleigh

Benfleet

Essex

SS7 2RF

8th April 2021

TURNOVER

4,526,270

Cost of sales

4,138,379

GROSS PROFIT

387,891

Administrative expenses

341,701

OPERATING PROFIT and

PROFIT BEFORE TAXATION

46,190

Tax on profit

4

9,634

PROFIT FOR THE FINANCIAL PERIOD

36,556

CURRENT ASSETS

Debtors

5

1,009,402

Cash at bank and in hand

537,922

1,547,324

CREDITORS

Amounts falling due within one year

6

946,498

NET CURRENT ASSETS

600,826

TOTAL ASSETS LESS CURRENT LIABILITIES

600,826

CREDITORS

Amounts falling due after more than one year

7

564,170

NET ASSETS

36,656

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

9

36,556

SHAREHOLDERS' FUNDS

36,656

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st December 2020.

The members have not required the Company to obtain an audit of its financial statements for the period ended 31st December 2020 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.

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 8th April 2021 and were signed on its behalf by:

Mr D Westwood - Director

1.	STATUTORY INFORMATION

Make One Construct 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.

Taxation

Taxation for the period 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 period 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 period was NIL.

4.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the period was as follows:

£

Current tax:

UK corporation tax

9,634

Tax on profit

9,634

5.

DEBTORS

£

Amounts falling due within one year:

Trade debtors

87,662

Amounts recoverable on contract

283,534

Other debtors

189,857

561,053

Amounts falling due after more than one year:

Trade debtors

448,349

Aggregate amounts

1,009,402

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

386,562

Taxation and social security

9,952

Other creditors

549,984

946,498

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

50,000

Trade creditors

104,138

Amounts owed to group undertakings

410,032

564,170

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary Shares

£1

100

100 Ordinary Shares shares of £1 were issued during the period for cash of £ 100 .

9.

RESERVES

Retained

earnings

£

Profit for the period

36,556

At 31st December 2020

36,556

10.	RELATED PARTY DISCLOSURES

During the period Make One Construct Limited was charged by its parent company Make One Holdings Limited a total of £118,334 for management services.

At the period end Make One Construct Limited owed Make One Holdings Limited £422 via an interest free inter company loan account.

At the period end Make One Construct Limited owed Make One London Limited £409,610 via and interest free inter company loan account.

At the period end CE Sourcing Limited owed Make One Construct Limited £10,800 via and interest free inter company loan account.

11.	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 the ultimate parent undertaking Make One Holdings Limited.