IRIS Accounts Production v23.4.0.336 03585605 Board of Directors 1.7.22 30.6.23 30.6.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh035856052022-06-30035856052023-06-30035856052022-07-012023-06-30035856052021-06-30035856052021-07-012022-06-30035856052022-06-3003585605ns15:EnglandWales2022-07-012023-06-3003585605ns14:PoundSterling2022-07-012023-06-3003585605ns10:Director12022-07-012023-06-3003585605ns10:PrivateLimitedCompanyLtd2022-07-012023-06-3003585605ns10:SmallEntities2022-07-012023-06-3003585605ns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3003585605ns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3003585605ns10:SmallCompaniesRegimeForAccounts2022-07-012023-06-3003585605ns10:FullAccounts2022-07-012023-06-3003585605ns10:Director22022-07-012023-06-3003585605ns10:CompanySecretary12022-07-012023-06-3003585605ns10:RegisteredOffice2022-07-012023-06-3003585605ns5:CurrentFinancialInstruments2023-06-3003585605ns5:CurrentFinancialInstruments2022-06-3003585605ns5:Non-currentFinancialInstruments2023-06-3003585605ns5:Non-currentFinancialInstruments2022-06-3003585605ns5:ShareCapital2023-06-3003585605ns5:ShareCapital2022-06-3003585605ns5:RetainedEarningsAccumulatedLosses2023-06-3003585605ns5:RetainedEarningsAccumulatedLosses2022-06-3003585605ns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-07-012023-06-3003585605ns5:PlantMachinery2022-07-012023-06-3003585605ns5:FurnitureFittings2022-07-012023-06-3003585605ns5:MotorVehicles2022-07-012023-06-3003585605ns5:ComputerEquipment2022-07-012023-06-3003585605ns5:LandBuildings2022-06-3003585605ns5:PlantMachinery2022-06-3003585605ns5:FurnitureFittings2022-06-3003585605ns5:LandBuildings2022-07-012023-06-3003585605ns5:LandBuildings2023-06-3003585605ns5:PlantMachinery2023-06-3003585605ns5:FurnitureFittings2023-06-3003585605ns5:LandBuildings2022-06-3003585605ns5:PlantMachinery2022-06-3003585605ns5:FurnitureFittings2022-06-3003585605ns5:MotorVehicles2022-06-3003585605ns5:ComputerEquipment2022-06-3003585605ns5:MotorVehicles2023-06-3003585605ns5:ComputerEquipment2023-06-3003585605ns5:MotorVehicles2022-06-3003585605ns5:ComputerEquipment2022-06-3003585605ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-06-3003585605ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-07-012023-06-3003585605ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-06-3003585605ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-06-3003585605ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3003585605ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3003585605ns5:RetainedEarningsAccumulatedLosses2022-06-3003585605ns5:RetainedEarningsAccumulatedLosses2022-07-012023-06-30
















MACKLIN GEOTECH LIMITED

Unaudited Financial Statements

for the Year Ended 30th June 2023






MACKLIN GEOTECH LIMITED (REGISTERED NUMBER: 03585605)






Contents of the Financial Statements
for the year ended 30th June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MACKLIN GEOTECH LIMITED

Company Information
for the year ended 30th June 2023







DIRECTORS: B R Macklin
Mrs S P Macklin





SECRETARY: Mrs S P Macklin





REGISTERED OFFICE: 14 Sandy Lane
Little Neston
Wirral
CH64 4DR





REGISTERED NUMBER: 03585605 (England and Wales)






MACKLIN GEOTECH LIMITED (REGISTERED NUMBER: 03585605)

Balance Sheet
30th June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 407,177 487,831

CURRENT ASSETS
Debtors 5 241,240 281,219
Cash at bank 409,353 347,064
650,593 628,283
CREDITORS
Amounts falling due within one year 6 199,297 223,764
NET CURRENT ASSETS 451,296 404,519
TOTAL ASSETS LESS CURRENT LIABILITIES 858,473 892,350

CREDITORS
Amounts falling due after more than one
year

7

(49,584

)

(84,584

)

PROVISIONS FOR LIABILITIES (92,386 ) (85,290 )
NET ASSETS 716,503 722,476

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 716,403 722,376
SHAREHOLDERS' FUNDS 716,503 722,476

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

MACKLIN GEOTECH LIMITED (REGISTERED NUMBER: 03585605)

Balance Sheet - continued
30th June 2023


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 14th March 2024 and were signed on its behalf by:





B R Macklin - Director


MACKLIN GEOTECH LIMITED (REGISTERED NUMBER: 03585605)

Notes to the Financial Statements
for the year ended 30th June 2023

1. STATUTORY INFORMATION

Macklin Geotech 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.

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.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates. The areas in the financial statements where these judgements and estimates have been made include:

- The useful lives of property, plant and equipment which are estimated based on the period over which the assets are expected to be available for use. The estimated useful lives are reviewed periodically and are updated if expectations differ from previous estimates due to physical wear and tear, technical or commercial obsolescence and legal or other limits on the use of the relevant assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on valuation
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.3% on cost

Financial instruments
Debtors and creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

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.


MACKLIN GEOTECH LIMITED (REGISTERED NUMBER: 03585605)

Notes to the Financial Statements - continued
for the year ended 30th June 2023

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 12 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1st July 2022 56,318 1,032,012 8,044
Additions - 42,876 -
Disposals - (54,997 ) -
At 30th June 2023 56,318 1,019,891 8,044
DEPRECIATION
At 1st July 2022 20,269 648,435 7,953
Charge for year 1,126 100,003 23
Eliminated on disposal - (28,556 ) -
At 30th June 2023 21,395 719,882 7,976
NET BOOK VALUE
At 30th June 2023 34,923 300,009 68
At 30th June 2022 36,049 383,577 91

MACKLIN GEOTECH LIMITED (REGISTERED NUMBER: 03585605)

Notes to the Financial Statements - continued
for the year ended 30th June 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st July 2022 221,390 18,017 1,335,781
Additions 28,318 1,826 73,020
Disposals - - (54,997 )
At 30th June 2023 249,708 19,843 1,353,804
DEPRECIATION
At 1st July 2022 155,721 15,572 847,950
Charge for year 23,497 2,584 127,233
Eliminated on disposal - - (28,556 )
At 30th June 2023 179,218 18,156 946,627
NET BOOK VALUE
At 30th June 2023 70,490 1,687 407,177
At 30th June 2022 65,669 2,445 487,831

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st July 2022 86,751
Reclassification/transfer (86,751 )
At 30th June 2023 -
DEPRECIATION
At 1st July 2022 65,497
Reclassification/transfer (65,497 )
At 30th June 2023 -
NET BOOK VALUE
At 30th June 2023 -
At 30th June 2022 21,254

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 217,380 269,668
Other debtors 23,860 11,551
241,240 281,219

MACKLIN GEOTECH LIMITED (REGISTERED NUMBER: 03585605)

Notes to the Financial Statements - continued
for the year ended 30th June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 35,000 35,000
Hire purchase contracts - 5,280
Trade creditors 29,419 61,515
Taxation and social security 130,831 118,626
Other creditors 4,047 3,343
199,297 223,764

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 49,584 84,584

8. RESERVES
Retained
earnings
£   

At 1st July 2022 722,376
Profit for the year 104,027
Dividends (110,000 )
At 30th June 2023 716,403