IRIS Accounts Production v23.3.0.418 12951716 Board of Directors 1.4.22 31.3.23 31.3.23 true false true true false false true false Ordinary A 0.01000 Ordinary B 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure129517162022-03-31129517162023-03-31129517162022-04-012023-03-31129517162021-03-31129517162021-04-012022-03-31129517162022-03-3112951716ns16:EnglandWales2022-04-012023-03-3112951716ns15:PoundSterling2022-04-012023-03-3112951716ns11:Director12022-04-012023-03-3112951716ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3112951716ns11:SmallEntities2022-04-012023-03-3112951716ns11:Audited2022-04-012023-03-3112951716ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3112951716ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3112951716ns11:FullAccounts2022-04-012023-03-3112951716ns11:OrdinaryShareClass12022-04-012023-03-3112951716ns11:OrdinaryShareClass22022-04-012023-03-3112951716ns11:Director22022-04-012023-03-3112951716ns11:Director32022-04-012023-03-3112951716ns11:Director52022-04-012023-03-3112951716ns11:RegisteredOffice2022-04-012023-03-3112951716ns11:Director42022-04-012023-03-3112951716ns6:CurrentFinancialInstruments2023-03-3112951716ns6:CurrentFinancialInstruments2022-03-3112951716ns6:ShareCapital2023-03-3112951716ns6:ShareCapital2022-03-3112951716ns6:RetainedEarningsAccumulatedLosses2023-03-3112951716ns6:RetainedEarningsAccumulatedLosses2022-03-3112951716ns6:ShareCapital2021-03-3112951716ns6:RetainedEarningsAccumulatedLosses2021-03-3112951716ns6:RetainedEarningsAccumulatedLosses2021-04-012022-03-3112951716ns6:RetainedEarningsAccumulatedLosses2022-04-012023-03-3112951716ns6:MotorVehicles2022-04-012023-03-3112951716ns6:PlantEquipmentOtherAssetsUnderOperatingLeases2022-04-012023-03-3112951716ns6:PlantEquipmentOtherAssetsUnderOperatingLeases2021-04-012022-03-3112951716ns6:OwnedAssets2022-04-012023-03-3112951716ns6:OwnedAssets2021-04-012022-03-3112951716ns11:OrdinaryShareClass12021-04-012022-03-3112951716ns6:MotorVehicles2022-03-3112951716ns6:MotorVehicles2023-03-3112951716ns6:MotorVehicles2022-03-3112951716ns6:AdditionsToInvestments2023-03-3112951716ns6:CostValuation2023-03-3112951716ns6:Subsidiary12022-04-012023-03-31129517161ns6:Subsidiary12022-04-012023-03-3112951716ns6:Subsidiary12023-03-3112951716ns6:Subsidiary12022-03-3112951716ns6:Subsidiary12022-03-3112951716ns6:Subsidiary12021-04-012022-03-3112951716ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3112951716ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3112951716ns6:AcceleratedTaxDepreciationDeferredTax2023-03-3112951716ns6:AcceleratedTaxDepreciationDeferredTax2022-03-3112951716ns6:DeferredTaxation2022-03-3112951716ns6:DeferredTaxation2022-04-012023-03-3112951716ns6:DeferredTaxation2023-03-3112951716ns11:OrdinaryShareClass12023-03-3112951716ns11:OrdinaryShareClass22023-03-3112951716ns6:RetainedEarningsAccumulatedLosses2022-03-31
REGISTERED NUMBER: 12951716 (England and Wales)















REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

MCS INTEGRATED SOLUTIONS LIMITED

MCS INTEGRATED SOLUTIONS LIMITED (REGISTERED NUMBER: 12951716)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023




Page

Company Information 1

Report of the Directors 2

Report of the Independent Auditors 4

Income Statement 7

Balance Sheet 8

Statement of Changes in Equity 9

Notes to the Financial Statements 10


MCS INTEGRATED SOLUTIONS LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2023







DIRECTORS: R C Halford
S Hill
L Van Mazyk
C H B Collins





REGISTERED OFFICE: 61 Queen Square
Bristol
BS1 4JZ





REGISTERED NUMBER: 12951716 (England and Wales)





AUDITORS: Burnside
Chartered Accountants
and Statutory Auditor
61 Queen Square
Bristol
BS1 4JZ

MCS INTEGRATED SOLUTIONS LIMITED (REGISTERED NUMBER: 12951716)

REPORT OF THE DIRECTORS
for the Year Ended 31 MARCH 2023

The directors present their report with the financial statements of the company for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of providing high quality mechanical and electrical contracting services.

REVIEW OF BUSINESS
The directors are happy to report another successful year for the business.

The business core focus has been to build and develop small works and Facilities Management contracts with new and existing clients.

Since October 2022 MCS Integrated Solutions has been under new leadership, and key objectives for growth have been set. The forward order book is also looking strong with further FM contracts and tier 2 reactive works orders having been secured.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2022 to the date of this report.

R C Halford
S Hill
L Van Mazyk

Other changes in directors holding office are as follows:

G R Best - resigned 31 October 2022

C H B Collins was appointed as a director after 31 March 2023 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

MCS INTEGRATED SOLUTIONS LIMITED (REGISTERED NUMBER: 12951716)

REPORT OF THE DIRECTORS
for the Year Ended 31 MARCH 2023


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Burnside, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S Hill - Director


7 November 2023

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
MCS INTEGRATED SOLUTIONS LIMITED

Opinion
We have audited the financial statements of MCS Integrated Solutions Limited (the 'company') for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
MCS INTEGRATED SOLUTIONS LIMITED


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Directors has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
MCS INTEGRATED SOLUTIONS LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

An understanding of the legal and regulatory framework applicable to the entity was obtained from management and those charged with governance of the entity, and the audit engagement team was confirmed to have the appropriate competence and capabilities to identify non-compliance with such a framework.

No significant instances of fraud, non-compliance with laws and regulations or other irregularities were communicated to the engagement team by management or those charged with governance, and no particular audit areas or legislation were identified that gave rise to any significant risks of material misstatement in respect of such irregularities.

Due to the size and nature of the entity, its susceptibility to material misstatement resulting from fraud, non-compliance with laws and regulations, or other irregularities is considered to be low, and the audit approach was appropriately planned so as to address this risk.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Steven Coombe FCA (Senior Statutory Auditor)
for and on behalf of Burnside
Chartered Accountants
and Statutory Auditor
61 Queen Square
Bristol
BS1 4JZ

7 November 2023

MCS INTEGRATED SOLUTIONS LIMITED (REGISTERED NUMBER: 12951716)

INCOME STATEMENT
for the Year Ended 31 MARCH 2023

2023 2022
Notes £    £   

TURNOVER 979,967 1,097,290

Cost of sales 576,582 762,550
GROSS PROFIT 403,385 334,740

Administrative expenses 282,114 198,317
OPERATING PROFIT and
PROFIT BEFORE TAXATION 121,271 136,423

Tax on profit 5 23,987 25,161
PROFIT FOR THE FINANCIAL YEAR 97,284 111,262

MCS INTEGRATED SOLUTIONS LIMITED (REGISTERED NUMBER: 12951716)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 11,019 15,284
Investments 8 398,862 -
409,881 15,284

CURRENT ASSETS
Debtors 9 324,696 271,353
Cash at bank 185,017 71,348
509,713 342,701
CREDITORS
Amounts falling due within one year 10 706,031 187,819
NET CURRENT (LIABILITIES)/ASSETS (196,318 ) 154,882
TOTAL ASSETS LESS CURRENT
LIABILITIES

213,563

170,166

PROVISIONS FOR LIABILITIES 11 2,672 2,862
NET ASSETS 210,891 167,304

CAPITAL AND RESERVES
Called up share capital 12 1 1
Retained earnings 13 210,890 167,303
SHAREHOLDERS' FUNDS 210,891 167,304

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

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:





S Hill - Director


MCS INTEGRATED SOLUTIONS LIMITED (REGISTERED NUMBER: 12951716)

STATEMENT OF CHANGES IN EQUITY
for the Year Ended 31 MARCH 2023

Called up
share Retained Total
capital earnings equity
£    £    £   

Balance at 1 April 2021 1 123,013 123,014

Changes in equity
Dividends - (66,972 ) (66,972 )
Total comprehensive income - 111,262 111,262
Balance at 31 March 2022 1 167,303 167,304

Changes in equity
Dividends - (53,697 ) (53,697 )
Total comprehensive income - 97,284 97,284
Balance at 31 March 2023 1 210,890 210,891

MCS INTEGRATED SOLUTIONS LIMITED (REGISTERED NUMBER: 12951716)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023

1. STATUTORY INFORMATION

MCS Integrated Solutions 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.

Preparation of consolidated financial statements
The financial statements contain information about MCS Integrated Solutions Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, VIS Group Limited, 61 Queen Square, Bristol, BS1 4JZ.

Turnover
Turnover represents the value of sales of goods and services rendered during the period, excluding value added tax and trade discounts. Turnover in respect of contracts ongoing at the year end is measured in accordance with valuations of work completed as certified by customers.

In respect of long term contracts and contracts for on-going services, turnover represents the value of work done in the period, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

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 cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

MCS INTEGRATED SOLUTIONS LIMITED (REGISTERED NUMBER: 12951716)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and liabilities are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company may not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of any direct issue costs.

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.

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.

MCS INTEGRATED SOLUTIONS LIMITED (REGISTERED NUMBER: 12951716)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other short term employee benefits
The company makes contributions to personal pension schemes of certain employees. Contributions payable to the schemes are charged to the profit and loss account in the period to which they relate.

Other short term employee benefits including holiday pay and annual bonuses are also accrued as services are rendered.

Going concern
The directors have considered the company's ability to continue as a going concern for at least 12 months from the date of signing the financial statements and have concluded that they consider the company a going concern.

3. EMPLOYEES AND DIRECTORS
2023 2022
£    £   
Wages and salaries 183,724 137,129
Social security costs 22,139 15,513
Other pension costs 2,862 1,981
208,725 154,623

The average number of employees during the year was as follows:
2023 2022

Management and operations 3 3

2023 2022
£    £   
Directors' remuneration 8,838 13,400

4. OPERATING PROFIT

The operating profit is stated after charging:

2023 2022
£    £   
Hire of plant and machinery 6,840 1,365
Depreciation - owned assets 4,265 1,777
Auditors' remuneration 5,900 3,000

MCS INTEGRATED SOLUTIONS LIMITED (REGISTERED NUMBER: 12951716)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2023 2022
£    £   
Current tax:
UK corporation tax 24,177 22,278

Deferred tax (190 ) 2,883
Tax on profit 23,987 25,161

UK corporation tax has been charged at 19% (2022 - 19%).

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2023 2022
£    £   
Profit before tax 121,271 136,423
Profit multiplied by the standard rate of corporation tax in the UK
of 19% (2022 - 19%)

23,041

25,920

Effects of:
Expenses not deductible for tax purposes 305 213
Capital allowances in excess of depreciation - (972 )
Deferred tax provision at 25% 641 -
Total tax charge 23,987 25,161

6. DIVIDENDS
2023 2022
£    £   
Ordinary A shares of 0.01 each
Interim 53,697 66,972

MCS INTEGRATED SOLUTIONS LIMITED (REGISTERED NUMBER: 12951716)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

7. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 17,061
DEPRECIATION
At 1 April 2022 1,777
Charge for year 4,265
At 31 March 2023 6,042
NET BOOK VALUE
At 31 March 2023 11,019
At 31 March 2022 15,284

8. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
Additions 398,862
At 31 March 2023 398,862
NET BOOK VALUE
At 31 March 2023 398,862

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Safety Test UK Ltd
Registered office: 61 Queen Square, Bristol, BS1 4JZ
Nature of business: Electrical inspection and testing
%
Class of shares: holding
Ordinary 100.00
31.3.23 30.9.22
£    £   
Aggregate capital and reserves 64,233 50,608
Profit for the period/year 18,625 67,092

MCS INTEGRATED SOLUTIONS LIMITED (REGISTERED NUMBER: 12951716)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 137,351 74,739
Amounts recoverable on
contracts 73,046 87,279
Other debtors 107,475 106,918
VAT 6,824 2,417
324,696 271,353

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 108,411 48,739
Amounts owed to group undertakings 229,355 22,300
Corporation tax 24,177 22,278
Social security and other taxes 7,623 4,216
Other creditors 312,407 12,858
Accruals and deferred income 24,058 77,428
706,031 187,819

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 2,755 2,904
Other timing differences (83 ) (42 )
2,672 2,862

Deferred
tax
£   
Balance at 1 April 2022 2,862
Credit to Income Statement during year (190 )
Balance at 31 March 2023 2,672

MCS INTEGRATED SOLUTIONS LIMITED (REGISTERED NUMBER: 12951716)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary A 0.01 - -
90 Ordinary B 0.01 1 1
1 1

All shares classes rank pari passu in all respects except for the payment of dividends.

13. RESERVES
Retained
earnings
£   

At 1 April 2022 167,303
Profit for the year 97,284
Dividends (53,697 )
At 31 March 2023 210,890

14. RELATED PARTY DISCLOSURES

During the year the company's parent, Maintenance & Contracting Services Ltd, provided funds and at the year end was owed £229,355 (2022 - £22,300).

15. ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is Maintenance & Contracting Services Ltd. The ultimate parent undertaking is VIS Group Limited.

The ultimate controlling party is S Hill.