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REGISTERED NUMBER: 04779795 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

MAC'S FLOORING LIMITED

MAC'S FLOORING LIMITED (REGISTERED NUMBER: 04779795)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAC'S FLOORING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: LR McKechnie





REGISTERED OFFICE: 5 Laurel Avenue
Wickford
Essex
SS12 0BH





REGISTERED NUMBER: 04779795 (England and Wales)





ACCOUNTANTS: CKS Accountancy Limited
1349/1353 London Road
Leigh-on-Sea
Essex
SS9 2AB

MAC'S FLOORING LIMITED (REGISTERED NUMBER: 04779795)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 34 46

CURRENT ASSETS
Inventories 539 370
Debtors 5 300 -
Cash at bank 16,627 23,868
17,466 24,238
CREDITORS
Amounts falling due within one year 6 11,769 18,239
NET CURRENT ASSETS 5,697 5,999
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,731

6,045

PROVISIONS FOR LIABILITIES 6 9
NET ASSETS 5,725 6,036

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 5,724 6,035
SHAREHOLDERS' FUNDS 5,725 6,036

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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'S FLOORING LIMITED (REGISTERED NUMBER: 04779795)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 15 September 2023 and were signed by:





LR McKechnie - Director


MAC'S FLOORING LIMITED (REGISTERED NUMBER: 04779795)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Mac's Flooring 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 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
Revenue 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.
Motor vehicles - 25% on reducing balance

Stocks
Inventories 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

MAC'S FLOORING LIMITED (REGISTERED NUMBER: 04779795)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. PROPERTY, PLANT AND EQUIPMENT
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 10,049
DEPRECIATION
At 1 April 2022 10,003
Charge for year 12
At 31 March 2023 10,015
NET BOOK VALUE
At 31 March 2023 34
At 31 March 2022 46

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 300 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax - 1,310
VAT - 1,345
Director's loan account 10,569 14,584
Accrued expenses 1,200 1,000
11,769 18,239

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

8. RESERVES
Retained
earnings
£   

At 1 April 2022 6,035
Deficit for the year (311 )
At 31 March 2023 5,724