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REGISTERED NUMBER: 08807105 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2018

for

MAC Glass Systems Limited

MAC Glass Systems Limited (Registered number: 08807105)






Contents of the Financial Statements
for the Year Ended 31 May 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAC Glass Systems Limited

Company Information
for the Year Ended 31 May 2018







DIRECTOR: P C Clarke





SECRETARY:





REGISTERED OFFICE: Unit 302
Hadley Park West
Hadley
Telford
Shropshire
TF1 6AL





REGISTERED NUMBER: 08807105 (England and Wales)





ACCOUNTANTS: Phillips Ltd
Kingsland House
Stafford Court
Stafford Park 1
Telford
TF3 3BD

MAC Glass Systems Limited (Registered number: 08807105)

Balance Sheet
31 May 2018

31.5.18 31.5.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 4,058 5,305

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 4 4,302 14,716
Cash at bank 10,760 13,347
16,062 29,063
CREDITORS
Amounts falling due within one year 5 3,466 14,605
NET CURRENT ASSETS 12,596 14,458
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,654

19,763

PROVISIONS FOR LIABILITIES 811 1,061
NET ASSETS 15,843 18,702

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 15,743 18,602
SHAREHOLDERS' FUNDS 15,843 18,702

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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.

MAC Glass Systems Limited (Registered number: 08807105)

Balance Sheet - continued
31 May 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 1 November 2018 and were signed by:





P C Clarke - Director


MAC Glass Systems Limited (Registered number: 08807105)

Notes to the Financial Statements
for the Year Ended 31 May 2018

1. STATUTORY INFORMATION

MAC Glass Systems Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 33% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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.

MAC Glass Systems Limited (Registered number: 08807105)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2018

3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 June 2017 11,779 121 463 12,363
Additions - - 78 78
At 31 May 2018 11,779 121 541 12,441
DEPRECIATION
At 1 June 2017 6,705 85 268 7,058
Charge for year 1,268 9 48 1,325
At 31 May 2018 7,973 94 316 8,383
NET BOOK VALUE
At 31 May 2018 3,806 27 225 4,058
At 31 May 2017 5,074 36 195 5,305

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.18 31.5.17
£    £   
Trade debtors 3,561 13,832
VAT 741 884
4,302 14,716

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.18 31.5.17
£    £   
Trade creditors (434 ) 9,763
Tax 2,151 4,108
Directors' current accounts 349 134
Accrued expenses 1,400 600
3,466 14,605