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REGISTERED NUMBER: 10174849 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Mack Flat Roof Systems Ltd

Mack Flat Roof Systems Ltd (Registered number: 10174849)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mack Flat Roof Systems Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mr D Mack
Mrs Y Mack





SECRETARY: Mrs Y Mack





REGISTERED OFFICE: 295/297 Church Street
Blackpool
Lancashire
FY1 3PJ





BUSINESS ADDRESS: Myrtle Bank Cottage
Hambleton
Poulton Le Fylde
Lancashire
FY6 9AS





REGISTERED NUMBER: 10174849 (England and Wales)





ACCOUNTANTS: CCW Limited
Chartered Accountants
295/297 Church Street
Blackpool
Lancashire
FY1 3PJ

Mack Flat Roof Systems Ltd (Registered number: 10174849)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 4,000
Tangible assets 5 23,299 30,056
26,299 34,056

CURRENT ASSETS
Stocks 13,820 500
Debtors 6 4,743 12,501
Cash at bank 4,768 10,045
23,331 23,046
CREDITORS
Amounts falling due within one year 7 21,897 25,571
NET CURRENT ASSETS/(LIABILITIES) 1,434 (2,525 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,733

31,531

CREDITORS
Amounts falling due after more than one
year

8

(17,728

)

(20,456

)

PROVISIONS FOR LIABILITIES (4,426 ) (5,710 )
NET ASSETS 5,579 5,365

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,479 5,265
5,579 5,365

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Mack Flat Roof Systems Ltd (Registered number: 10174849)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 21 September 2023 and were signed on its behalf by:




Mr D Mack - Director



Mrs Y Mack - Director


Mack Flat Roof Systems Ltd (Registered number: 10174849)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Mack Flat Roof Systems Ltd 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Mack Flat Roof Systems Ltd (Registered number: 10174849)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 10,000
AMORTISATION
At 1 June 2022 6,000
Amortisation for year 1,000
At 31 May 2023 7,000
NET BOOK VALUE
At 31 May 2023 3,000
At 31 May 2022 4,000

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2022 5,205 52,022 57,227
Additions 574 - 574
At 31 May 2023 5,779 52,022 57,801
DEPRECIATION
At 1 June 2022 2,513 24,658 27,171
Charge for year 490 6,841 7,331
At 31 May 2023 3,003 31,499 34,502
NET BOOK VALUE
At 31 May 2023 2,776 20,523 23,299
At 31 May 2022 2,692 27,364 30,056

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 890 7,290
Other debtors 1,864 3,203
Prepayments 1,989 2,008
4,743 12,501

Mack Flat Roof Systems Ltd (Registered number: 10174849)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 2,763 2,799
Trade creditors 7,090 3,365
Tax 8,386 7,881
Social security and other taxes 1,581 2,855
Directors' loan accounts 148 6,736
Accrued expenses 1,929 1,935
21,897 25,571

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans - 1-2 years 2,763 2,870
Bank loans - 2-5 years 8,288 9,052
Bank loans more 5 yr by instal 6,677 8,534
17,728 20,456

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,677 8,534