2022-04-012023-03-312023-03-31false09495413MAC Construction (Cornwall) 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MAC Construction (Cornwall) Ltd

Registered Number
09495413
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

MAC Construction (Cornwall) Ltd
Company Information
for the year from 1 April 2022 to 31 March 2023

Director

Robert Carl Prynne

Registered Address

St Denys House
22 East Hill
St Austell
PL25 4TR

Registered Number

09495413 (England and Wales)
MAC Construction (Cornwall) Ltd
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets5146,50692,645
146,50692,645
Current assets
Stocks687,81389,466
Debtors7160,179110,135
Cash at bank and on hand161,605161,713
409,597361,314
Creditors amounts falling due within one year8(204,727)(188,537)
Net current assets (liabilities)204,870172,777
Total assets less current liabilities351,376265,422
Creditors amounts falling due after one year9(83,300)(68,573)
Provisions for liabilities11(27,836)(17,595)
Net assets240,240179,254
Capital and reserves
Called up share capital22
Profit and loss account240,238179,252
Shareholders' funds240,240179,254
The financial statements were approved and authorised for issue by the Director on 1 November 2023, and are signed on its behalf by:
Robert Carl Prynne
Director
Registered Company No. 09495413
MAC Construction (Cornwall) Ltd
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Vehicles25
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year2220
5.Property, plant and equipment

Plant & machinery

Vehicles

Total

£££
Cost or valuation
At 01 April 2256,524156,472212,996
Additions25,81265,87491,686
Disposals(12,825)(9,200)(22,025)
At 31 March 2369,511213,146282,657
Depreciation and impairment
At 01 April 2236,10084,251120,351
Charge for year7,54125,42132,962
On disposals(9,534)(7,628)(17,162)
At 31 March 2334,107102,044136,151
Net book value
At 31 March 2335,404111,102146,506
At 31 March 2220,42472,22192,645
6.Stocks

2023

2022

££
Raw materials and consumables12,05010,000
Work in progress75,76379,466
Total87,81389,466
7.Debtors

2023

2022

££
Trade debtors / trade receivables153,847106,007
Prepayments and accrued income6,3324,128
Total160,179110,135
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables123,89377,070
Bank borrowings and overdrafts-1,000
Taxation and social security48,96137,957
Finance lease and HP contracts13,6477,207
Other creditors15,62334,555
Accrued liabilities and deferred income2,60330,748
Total204,727188,537
9.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts40,00050,000
Other creditors43,30018,573
Total83,30068,573
10.Finance lease and HP contracts after one year

2023

2022

££
Finance lease and HP contracts43,30018,573
11.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)27,83617,595
Total27,83617,595