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MEC Consultancy Ltd
Registered Number:09346981
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
MEC Consultancy Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
09346981
As at 31 December 2023
MEC Consultancy Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
263
351
2
263
351
Current assets
Trade and other receivables
50,035
66
3
44,382
Cash and cash equivalents
29,080
29,146
94,417
Trade and other payables: amounts falling due within one
year
(63,692)
(1,895)
4
30,725
27,251
Net current assets
Total assets less current liabilities
27,514
31,076
(50)
(66)
Provisions for liabilities
27,464
Net assets
31,010
Capital and reserves
Called up share capital
2
2
Retained earnings
27,462
31,008
27,464
31,010
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr M Cummins Director
These financial statements were approved and authorised for issue by the Board on 06 March 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2023
MEC Consultancy Ltd
Notes to the Financial Statements
Statutory Information
MEC Consultancy Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 09346981.
Registered address:
22 North Down
Staplehurst
Tonbridge
Kent
TN12 0PG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for engineering consultancy services.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Reducing balance
25% Straight line
Computer Equipment
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
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5
For the year ended 31 December 2023
MEC Consultancy Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 January 2023
4,383
1,822
2,561
At 31 December 2023
2,561
1,822
4,383
Provision for depreciation and impairment
At 01 January 2023
4,032
1,822
2,210
Charge for year
88
-
88
At 31 December 2023
4,120
1,822
2,298
At 31 December 2023
Net book value
263
-
263
At 31 December 2022
351
-
351
3. Trade and other receivables
2022
2023
£
£
Trade debtors
-
50,035
Other debtors
66
-
50,035
66
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Taxation and social security
-
7,314
Other creditors
1,895
56,378
1,895
63,692
5. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
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