Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mr A MacGowan 17/11/2009 21 November 2023 The principal activity of the Company during the financial year was that of providing a patent, design and trademark drawing service. 07078152 2023-03-31 07078152 bus:Director1 2023-03-31 07078152 2022-03-31 07078152 core:CurrentFinancialInstruments 2023-03-31 07078152 core:CurrentFinancialInstruments 2022-03-31 07078152 core:Non-currentFinancialInstruments 2023-03-31 07078152 core:Non-currentFinancialInstruments 2022-03-31 07078152 core:ShareCapital 2023-03-31 07078152 core:ShareCapital 2022-03-31 07078152 core:RetainedEarningsAccumulatedLosses 2023-03-31 07078152 core:RetainedEarningsAccumulatedLosses 2022-03-31 07078152 core:Goodwill 2022-03-31 07078152 core:Goodwill 2023-03-31 07078152 core:FurnitureFittings 2022-03-31 07078152 core:OfficeEquipment 2022-03-31 07078152 core:FurnitureFittings 2023-03-31 07078152 core:OfficeEquipment 2023-03-31 07078152 bus:OrdinaryShareClass1 2023-03-31 07078152 2022-04-01 2023-03-31 07078152 bus:FullAccounts 2022-04-01 2023-03-31 07078152 bus:SmallEntities 2022-04-01 2023-03-31 07078152 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07078152 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07078152 bus:Director1 2022-04-01 2023-03-31 07078152 core:Goodwill core:TopRangeValue 2022-04-01 2023-03-31 07078152 core:Goodwill 2022-04-01 2023-03-31 07078152 core:FurnitureFittings core:TopRangeValue 2022-04-01 2023-03-31 07078152 core:OfficeEquipment core:TopRangeValue 2022-04-01 2023-03-31 07078152 2021-04-01 2022-03-31 07078152 core:FurnitureFittings 2022-04-01 2023-03-31 07078152 core:OfficeEquipment 2022-04-01 2023-03-31 07078152 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 07078152 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 07078152 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07078152 (England and Wales)

MAC ELEVEN LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

MAC ELEVEN LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

MAC ELEVEN LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2023
MAC ELEVEN LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTOR Mr A MacGowan
REGISTERED OFFICE Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
United Kingdom
COMPANY NUMBER 07078152 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
MAC ELEVEN LIMITED

BALANCE SHEET

As at 31 March 2023
MAC ELEVEN LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 2,877 2,784
2,877 2,784
Current assets
Debtors 5 122,303 74,991
Cash at bank and in hand ( 7,856) 1,742
114,447 76,733
Creditors: amounts falling due within one year 6 ( 63,258) ( 64,365)
Net current assets 51,189 12,368
Total assets less current liabilities 54,066 15,152
Creditors: amounts falling due after more than one year 7 ( 11,307) ( 26,207)
Net assets/(liabilities) 42,759 ( 11,055)
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 42,659 ( 11,155 )
Total shareholders' funds/(deficit) 42,759 ( 11,055)

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Mac Eleven Limited (registered number: 07078152) were approved and authorised for issue by the Director on 21 November 2023. They were signed on its behalf by:

Mr A MacGowan
Director
MAC ELEVEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
MAC ELEVEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Mac Eleven Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House, Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax. The company recognises revenue based on its value of the service provided to date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is [number] years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Fixtures and fittings 5 years straight line
Office equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 April 2022 10,000 10,000
At 31 March 2023 10,000 10,000
Accumulated amortisation
At 01 April 2022 10,000 10,000
At 31 March 2023 10,000 10,000
Net book value
At 31 March 2023 0 0
At 31 March 2022 0 0

4. Tangible assets

Fixtures and fittings Office equipment Total
£ £ £
Cost
At 01 April 2022 523 6,594 7,117
Additions 0 1,527 1,527
At 31 March 2023 523 8,121 8,644
Accumulated depreciation
At 01 April 2022 523 3,810 4,333
Charge for the financial year 0 1,434 1,434
At 31 March 2023 523 5,244 5,767
Net book value
At 31 March 2023 0 2,877 2,877
At 31 March 2022 0 2,784 2,784

5. Debtors

2023 2022
£ £
Trade debtors 35,598 37,497
Other debtors 86,705 37,494
122,303 74,991

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 13,463 16,053
Accruals 1,800 1,800
Taxation and social security 47,995 46,512
63,258 64,365

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 11,307 26,207

There are no amounts included above in respect of which any security has been given by the company.

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

9. Related party transactions

Transactions with the entity's director

2023 2022
£ £
Directors loan account brought forward 37,494 33,015
Advances to directors including interest charged 196,451 186,187
Repayments by directors (147,239) (181,708)
Directors loan account carried forward 86,706 37,494