Make It Go Limited - Period Ending 2017-03-31

Registration number: 10056712

Make It Go Limited

Annual Report and Unaudited Financial Statements

for the Period from 11 March 2016 to 31 March 2017

DH Accounting
Chartered Certified Accountants
Unit 16, The Wincombe Centre
Wincombe Business Park
Shaftesbury
Dorset
SP7 9QJ

Make It Go Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Statement of Changes in Equity	4
Notes to the Financial Statements	5 to 8

Make It Go Limited

Company Information

Directors

Mr C E Orman Mr J Howe

Registered office

c/o DH Accounting Unit 16 The Wincombe Centre Shaftesbury Dorset SP7 9QJ

Accountants

DH Accounting Chartered Certified Accountants Unit 16, The Wincombe Centre Wincombe Business Park Shaftesbury Dorset SP7 9QJ

Page 1

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Make It Go Limited
for the Period Ended 31 March 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Make It Go Limited for the period ended 31 March 2017 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.

This report is made solely to the Board of Directors of Make It Go Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Make It Go Limited and state those matters that we have agreed to state to the Board of Directors of Make It Go Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Make It Go Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Make It Go Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Make It Go Limited. You consider that Make It Go Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Make It Go Limited. 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 accounts.

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

DH Accounting
Chartered Certified Accountants
Unit 16, The Wincombe Centre
Wincombe Business Park
Shaftesbury
Dorset
SP7 9QJ

12 June 2017

Page 2

Make It Go Limited

(Registration number: 10056712)
Balance Sheet as at 31 March 2017

	Note	2017 £
Fixed assets
Tangible assets	4	524,334
Current assets
Debtors	5	12,265
Cash at bank and in hand		3,200
		15,465
Creditors: Amounts falling due within one year	6	(579,535)
Net current liabilities		(564,070)
Net liabilities		(39,736)
Capital and reserves
Called up share capital		100
Profit and loss account		(39,836)
Total equity		(39,736)

For the financial period ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 10 June 2017 and signed on its behalf by:
 

......................................... Mr C E Orman Director

......................................... Mr J Howe Director

The notes on pages 5 to 8 form an integral part of these financial statements.

Page 3

Make It Go Limited

Statement of Changes in Equity for the Period from 11 March 2016 to 31 March 2017

	Share capital £	Profit and loss account £	Total £
Loss for the period	-	(39,836)	(39,836)
Total comprehensive income	-	(39,836)	(39,836)
New share capital subscribed	100	-	100
At 31 March 2017	100	(39,836)	(39,736)

The notes on pages 5 to 8 form an integral part of these financial statements.

Page 4

Make It Go Limited

Notes to the Financial Statements for the Period from 11 March 2016 to 31 March 2017

1	General information

The company is a private company limited by share capital incorporated in England.

The address of its registered office is:
c/o DH Accounting
Unit 16 The Wincombe Centre
Shaftesbury
Dorset
SP7 9QJ

The principal place of business is:
Hangar 3
Henstridge Airfield
The Marsh, Henstridge
Templecombe
Somerset
BA8 0TN

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The directors are aware of the insolvent position on the balance sheet and have indicated that they will continue to support the company.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold land	No depreciation
Freehold buildings	50 years straight line
Plant and machinery	20% reducing balance

Page 5

Make It Go Limited

Notes to the Financial Statements for the Period from 11 March 2016 to 31 March 2017

Fixtures and fittings	20% reducing balance
Motor vehicles	25% reducing balance
Office equipment	3 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

Page 6

Make It Go Limited

Notes to the Financial Statements for the Period from 11 March 2016 to 31 March 2017

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Plant and machinery  £
Cost or valuation
Additions	469,567	11,986	4,175	62,875
At 31 March 2017	469,567	11,986	4,175	62,875
Depreciation
Charge for the	7,917	2,733	1,044	12,575
At 31 March 2017	7,917	2,733	1,044	12,575
Carrying amount
At 31 March 2017	461,650	9,253	3,131	50,300

	Total £
Cost or valuation
Additions	548,603
At 31 March 2017	548,603
Depreciation
Charge for the	24,269
At 31 March 2017	24,269
Carrying amount
At 31 March 2017	524,334

Included within the net book value of land and buildings above is £461,650 in respect of freehold land and buildings.
 

5

Debtors

	2017 £
Trade debtors	3,000
Other debtors	9,265
Total current trade and other debtors	12,265

Page 7

Make It Go Limited

Notes to the Financial Statements for the Period from 11 March 2016 to 31 March 2017

6

Creditors

	Note	2017 £
Due within one year
Trade creditors		1,277
Other creditors		578,258
		579,535

Page 8