Company registration number 08761842 (England and Wales)
MAKEMELOCAL.COM LTD.
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
PAGES FOR FILING WITH REGISTRAR
MAKEMELOCAL.COM LTD.
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
MAKEMELOCAL.COM LTD.
BALANCE SHEET
AS AT
31 DECEMBER 2021
31 December 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Tangible assets
3
39,263
29,871
Current assets
Debtors
4
38,738
16,939
Cash at bank and in hand
59,588
138,488
98,326
155,427
Creditors: amounts falling due within one year
5
(133,399)
(170,353)
Net current liabilities
(35,073)
(14,926)
Net assets
4,190
14,945
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
4,090
14,845
Total equity
4,190
14,945
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered 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 25 July 2022 and are signed on its behalf by:
Mr N Kelsey
Director
Company Registration No. 08761842
MAKEMELOCAL.COM LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
- 2 -
1
Accounting policies
Company information
Makemelocal.com Ltd. is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
5 Penhurst Green, Bromley, Kent, BR2 9DG.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business
, and
is shown net of VAT and other sales related taxes
.
The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
20%
Computers
25%
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the
profit and loss account
because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.5
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or
fixed assets
.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
MAKEMELOCAL.COM LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
1
Accounting policies
(Continued)
- 3 -
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.7
Government grants
Government grants are recognised at the fair value of the asset receive
d
or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met
. Where a
grant does not specify performance conditions
it
is recognised in income when the proceeds are received or receivable
. A grant received before the recognition criteria are satisfied is recognised as a liability.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
12
11
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2021
66,931
Additions
20,168
At 31 December 2021
87,099
Depreciation and impairment
At 1 January 2021
37,060
Depreciation charged in the year
10,776
At 31 December 2021
47,836
Carrying amount
At 31 December 2021
39,263
At 31 December 2020
29,871
MAKEMELOCAL.COM LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
- 4 -
4
Debtors
2021
2020
Amounts falling due within one year:
£
£
Trade debtors
18,629
15,014
Other debtors
20,109
1,925
38,738
16,939
5
Creditors: amounts falling due within one year
2021
2020
£
£
Bank loans
49,113
50,000
Trade creditors
10
8,386
Corporation tax
12,964
18,060
Other taxation and social security
48,884
65,170
Other creditors
22,428
28,737
133,399
170,353