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Company Registration No. 13171183 (England and Wales)
Mac Heating Ltd Unaudited accounts for the year ended 28 February 2023
Mac Heating Ltd Unaudited accounts Contents
Page
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Mac Heating Ltd Company Information for the year ended 28 February 2023
Director
Jack McIntyre
Company Number
13171183 (England and Wales)
Registered Office
4 Coalpit Hill Talke Stoke on Trent Staffordshire ST7 1PN UK
Accountants
James Accountancy Services Ltd 3 Waterloo Grove Kidsgrove Stoke-on-Trent Staffordshire ST7 4SY
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Mac Heating Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,890 
13,900 
Current assets
Inventories
2,400 
2,150 
Debtors
1,633 
1,009 
Cash at bank and in hand
22,602 
14,525 
26,635 
17,684 
Creditors: amounts falling due within one year
(29,072)
(24,385)
Net current liabilities
(2,437)
(6,701)
Total assets less current liabilities
8,453 
7,199 
Provisions for liabilities
Deferred tax
(1,556)
(2,015)
Net assets
6,897 
5,184 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
6,797 
5,084 
Shareholders' funds
6,897 
5,184 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 November 2023 and were signed on its behalf by
Jack McIntyre Director Company Registration No. 13171183
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Mac Heating Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Mac Heating Ltd is a private company, limited by shares, registered in England and Wales, registration number 13171183. The registered office is 4 Coalpit Hill, Talke, Stoke on Trent, Staffordshire, ST7 1PN, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance method
Motor vehicles
20% reducing balance method
Computer equipment
20% reducing balance method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Mac Heating Ltd Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
5,662 
9,600 
500 
15,762 
Additions
211 
- 
- 
211 
At 28 February 2023
5,873 
9,600 
500 
15,973 
Depreciation
At 1 March 2022
1,162 
600 
100 
1,862 
Charge for the year
1,141 
2,000 
80 
3,221 
At 28 February 2023
2,303 
2,600 
180 
5,083 
Net book value
At 28 February 2023
3,570 
7,000 
320 
10,890 
At 28 February 2022
4,500 
9,000 
400 
13,900 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,344 
720 
Accrued income and prepayments
289 
289 
1,633 
1,009 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
300 
360 
Taxes and social security
1,538 
209 
Loans from directors
27,234 
23,816 
29,072 
24,385 
7
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
1,556 
2,015 
2023 
2022 
£ 
£ 
Provision at start of year
2,015 
- 
(Credited)/charged to the profit and loss account
(459)
2,015 
Provision at end of year
1,556 
2,015 
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Mac Heating Ltd Notes to the Accounts for the year ended 28 February 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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