IRIS Accounts Production v23.1.5.20 06901841 Board of Directors 31.5.22 30.5.23 30.5.23 23.11.23 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069018412022-05-30069018412023-05-30069018412022-05-312023-05-30069018412021-05-30069018412021-05-312022-05-30069018412022-05-3006901841ns15:EnglandWales2022-05-312023-05-3006901841ns14:PoundSterling2022-05-312023-05-3006901841ns10:Director12022-05-312023-05-3006901841ns10:PrivateLimitedCompanyLtd2022-05-312023-05-3006901841ns10:SmallEntities2022-05-312023-05-3006901841ns10:Audited2022-05-312023-05-3006901841ns10:SmallCompaniesRegimeForDirectorsReport2022-05-312023-05-3006901841ns10:SmallCompaniesRegimeForAccounts2022-05-312023-05-3006901841ns10:FullAccounts2022-05-312023-05-3006901841ns10:OrdinaryShareClass12022-05-312023-05-3006901841ns10:Director22022-05-312023-05-3006901841ns10:Director32022-05-312023-05-3006901841ns10:Director42022-05-312023-05-3006901841ns10:RegisteredOffice2022-05-312023-05-3006901841ns5:CurrentFinancialInstruments2023-05-3006901841ns5:CurrentFinancialInstruments2022-05-3006901841ns5:ShareCapital2023-05-3006901841ns5:ShareCapital2022-05-3006901841ns5:RetainedEarningsAccumulatedLosses2023-05-3006901841ns5:RetainedEarningsAccumulatedLosses2022-05-3006901841ns5:FurnitureFittings2022-05-312023-05-3006901841ns5:ComputerEquipment2022-05-312023-05-3006901841ns5:FurnitureFittings2022-05-3006901841ns5:ComputerEquipment2022-05-3006901841ns5:FurnitureFittings2023-05-3006901841ns5:ComputerEquipment2023-05-3006901841ns5:FurnitureFittings2022-05-3006901841ns5:ComputerEquipment2022-05-3006901841ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3006901841ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3006901841ns5:WithinOneYear2023-05-3006901841ns5:WithinOneYear2022-05-3006901841ns5:BetweenOneFiveYears2023-05-3006901841ns5:BetweenOneFiveYears2022-05-3006901841ns5:AllPeriods2023-05-3006901841ns5:AllPeriods2022-05-3006901841ns10:OrdinaryShareClass12023-05-3006901841ns10:Director332022-05-3006901841ns10:Director332021-05-3006901841ns10:Director332022-05-312023-05-3006901841ns10:Director332021-05-312022-05-3006901841ns10:Director332023-05-3006901841ns10:Director332022-05-30069018411ns10:Director12022-05-30069018411ns10:Director12021-05-30069018411ns10:Director12022-05-312023-05-30069018411ns10:Director12021-05-312022-05-30069018411ns10:Director12023-05-30069018411ns10:Director12022-05-30
REGISTERED NUMBER: 06901841 (England and Wales)















Financial Statements for the Year Ended 30 May 2023

for

MA Cost Consulting Limited

MA Cost Consulting Limited (Registered number: 06901841)

Contents of the Financial Statements
for the Year Ended 30 May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MA Cost Consulting Limited

Company Information
for the Year Ended 30 May 2023







DIRECTORS: Y Ghaznavi
A Nunn
G Witheat
J Christie





REGISTERED OFFICE: Bell House Seebeck Place
Knowlhill
Milton Keynes
MK5 8FR





REGISTERED NUMBER: 06901841 (England and Wales)





AUDITORS: TC Group
1 Rushmills
Northampton
NN4 7YB

MA Cost Consulting Limited (Registered number: 06901841)

Balance Sheet
30 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,629 17,536
Investments 5 - -
17,629 17,536

CURRENT ASSETS
Debtors 6 2,214,429 1,405,946
Cash at bank 1,507,398 914,567
3,721,827 2,320,513
CREDITORS
Amounts falling due within one year 7 1,215,677 962,095
NET CURRENT ASSETS 2,506,150 1,358,418
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,523,779

1,375,954

CAPITAL AND RESERVES
Called up share capital 9 1,100 1,100
Retained earnings 2,522,679 1,374,854
SHAREHOLDERS' FUNDS 2,523,779 1,375,954

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by:





G Witheat - Director


MA Cost Consulting Limited (Registered number: 06901841)

Notes to the Financial Statements
for the Year Ended 30 May 2023


1. STATUTORY INFORMATION

MA Cost Consulting 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.

There were no material departures from this standard.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The main estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are in relation to the bad debt and credit note provisions. These require management's best estimate of the amounts which may not be recoverable, based on their knowledge of the customer base and relationship.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

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.

MA Cost Consulting Limited (Registered number: 06901841)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2023


2. ACCOUNTING POLICIES - continued

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.

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 70 (2022 - 61 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 31 May 2022 18,445 64,482 82,927
Additions - 9,756 9,756
Disposals - (41,401 ) (41,401 )
At 30 May 2023 18,445 32,837 51,282
DEPRECIATION
At 31 May 2022 17,799 47,592 65,391
Charge for year 215 6,288 6,503
Eliminated on disposal - (38,241 ) (38,241 )
At 30 May 2023 18,014 15,639 33,653
NET BOOK VALUE
At 30 May 2023 431 17,198 17,629
At 30 May 2022 646 16,890 17,536

5. FIXED ASSET INVESTMENTS

The company owns 100% of the equity share capital of MAC Project Management Limited (2022: 0%). The address of the registered office of MAC Project Management Limited is Bell House, Seebeck Place, Milton Keynes, MK5 8FR.

The company owns 100% of the equity share capital of MAC Construction Consultants Limited (2022: 0%). The address of the registered office of MAC Construction Consultants Limited is Bell House, Seebeck Place, Milton Keynes, MK5 8FR.

The company owns 100% of the equity share capital of MAC Design Consultancy Services Limited (2022: 0%). The address of the registered office of MAC Design Consultancy Services Limited is Bell House, Seebeck Place, Milton Keynes, MK5 8FR.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,716,912 1,339,649
Amounts owed by group undertakings 407,292 -
Other debtors 38,340 24,330
Deferred tax asset 2,579 1,316
Prepayments 49,306 40,651
2,214,429 1,405,946

MA Cost Consulting Limited (Registered number: 06901841)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 334,585 104,552
Amounts owed to group undertakings - 16,000
Tax 292,934 324,759
Social security and other taxes 123,044 122,737
VAT 315,339 256,540
Other creditors 22,669 21,786
Directors' current accounts 1,529 1,529
Accrued expenses 125,577 114,192
1,215,677 962,095

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 157,018 81,201
Between one and five years 36,284 120,801
193,302 202,002

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,100 Ordinary £1 1,100 1,100

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Antonia Aldridge-Brown FCCA (Senior Statutory Auditor)
for and on behalf of TC Group

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 May 2023 and 30 May 2022:

2023 2022
£    £   
A Nunn
Balance outstanding at start of year (844 ) (844 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (844 ) (844 )

G Witheat
Balance outstanding at start of year (686 ) (686 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (686 ) (686 )

MA Cost Consulting Limited (Registered number: 06901841)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2023


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

The loans are interest free and repayable on demand.

Mr A Nunn and Mr G Witheat have also given personal guarantees to the company's bankers totalling £20,300.

12. ULTIMATE CONTROLLING PARTY

MAC CC Group Limited is the immediate parent. The ultimate controlling party is deemed to be the directors of MAC CC Group Limited and the MAC Employee Benefit Trust by virtue of their shareholding.