Make the Leap Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 04325972 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2016

FOR

MAKE THE LEAP LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

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

2

Tangible assets

3

-

2

CURRENT ASSETS

Stocks

1,650

-

Debtors

12,540

11,647

Cash at bank

23,068

23,788

37,258

35,435

CREDITORS

Amounts falling due within one year

26,283

21,844

NET CURRENT ASSETS

10,975

13,591

TOTAL ASSETS LESS CURRENT LIABILITIES

10,977

13,593

CAPITAL AND RESERVES

Called up share capital

4

9,000

Profit and loss account

1,977

4,593

SHAREHOLDERS' FUNDS

10,977

13,593

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 11 July 2017 and were signed by:

J M Strong - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting

Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Intangible fixed assets

Costs incurred in respect of website design and the application of trade marks have been capitalised and will be written off over ten

years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

Straight line over 5 years

Computer equipment

-

Straight line over 3 years

Stocks

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable

profits from which the future reversal of the underlying timing differences can be deducted.

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

the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

and 30 November 2016

11,531

AMORTISATION

At 1 December 2015

and 30 November 2016

11,529

NET BOOK VALUE

At 30 November 2016

2

At 30 November 2015

2

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

and 30 November 2016

1,585

DEPRECIATION

At 1 December 2015

and 30 November 2016

1,585

NET BOOK VALUE

At 30 November 2016

-

At 30 November 2015

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

6,000

Ordinary "A"

£1

6,000

3,000

Ordinary "B"

£1

3,000

9,000