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REGISTERED NUMBER: 00969324 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

MAC MARNEY REFRIGERATION AND AIR
CONDITIONING LIMITED

MAC MARNEY REFRIGERATION AND AIR
CONDITIONING LIMITED (REGISTERED NUMBER: 00969324)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MAC MARNEY REFRIGERATION AND AIR
CONDITIONING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: Mrs D I M Marney
G M Marney





SECRETARY: Mrs D I M Marney





REGISTERED OFFICE: The Old Forge
Stone Street
Crowfield
Ipswich
Suffolk
IP6 9SZ





REGISTERED NUMBER: 00969324 (England and Wales)





ACCOUNTANTS: Walter Wright
Chartered Accountants
89 High Street
Hadleigh
Ipswich
Suffolk
IP7 5EA

MAC MARNEY REFRIGERATION AND AIR
CONDITIONING LIMITED (REGISTERED NUMBER: 00969324)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,903 5,827

CURRENT ASSETS
Stocks 8,895 12,115
Debtors 5 124,316 187,941
Cash at bank and in hand 138,512 78,750
271,723 278,806
CREDITORS
Amounts falling due within one year 6 221,214 204,628
NET CURRENT ASSETS 50,509 74,178
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,412

80,005

CAPITAL AND RESERVES
Called up share capital 8 20,000 20,000
Retained earnings 36,412 60,005
SHAREHOLDERS' FUNDS 56,412 80,005

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2023 and were signed on its behalf by:




G M Marney - Director


MAC MARNEY REFRIGERATION AND AIR
CONDITIONING LIMITED (REGISTERED NUMBER: 00969324)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Mac Marney Refrigeration and Air Conditioning 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods and services, except in relation to annual maintenance contracts, where income is recognised over the period of the contract. Turnover excludes value added tax.

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 etc - 25% on reducing balance, 25% on cost and 15% 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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

MAC MARNEY REFRIGERATION AND AIR
CONDITIONING LIMITED (REGISTERED NUMBER: 00969324)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 95,159
Additions 1,516
At 30 April 2023 96,675
DEPRECIATION
At 1 May 2022 89,332
Charge for year 1,440
At 30 April 2023 90,772
NET BOOK VALUE
At 30 April 2023 5,903
At 30 April 2022 5,827

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 103,983 173,781
Other debtors 20,333 14,160
124,316 187,941

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 168,558 159,754
Taxation and social security 15,337 4,534
Other creditors 37,319 40,340
221,214 204,628

MAC MARNEY REFRIGERATION AND AIR
CONDITIONING LIMITED (REGISTERED NUMBER: 00969324)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 25,000 25,000
Between one and five years 100,000 100,000
In more than five years 50,000 75,000
175,000 200,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
20,000 Ordinary £1 20,000 20,000