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REGISTERED NUMBER: SC737803 (Scotland)
















Unaudited Financial Statements

for the Period 8 July 2022 to 31 December 2023

for

M & C Consultants Ltd

M & C Consultants Ltd (Registered number: SC737803)






Contents of the Financial Statements
for the Period 8 July 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M & C Consultants Ltd

Company Information
for the Period 8 July 2022 to 31 December 2023







DIRECTORS: Mrs M McComb
C R McComb





REGISTERED OFFICE: Westburn Business Centre
Mcnee Road
Prestwick
Ayrshire
KA9 2PB





REGISTERED NUMBER: SC737803 (Scotland)





ACCOUNTANTS: Gillespie & Anderson
Chartered Accountants
Westburn Business Centre
McNee Road
Prestwick
KA9 2PB

M & C Consultants Ltd (Registered number: SC737803)

Balance Sheet
31 December 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 3,255

CURRENT ASSETS
Debtors 5 15,708

CREDITORS
Amounts falling due within one year 6 17,247
NET CURRENT LIABILITIES (1,539 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,716

PROVISIONS FOR LIABILITIES 814
NET ASSETS 902

CAPITAL AND RESERVES
Called up share capital 7 1
Retained earnings 901
SHAREHOLDERS' FUNDS 902

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2024 and were signed on its behalf by:





Mrs M McComb - Director


M & C Consultants Ltd (Registered number: SC737803)

Notes to the Financial Statements
for the Period 8 July 2022 to 31 December 2023

1. STATUTORY INFORMATION

M & C Consultants Ltd is a private company, limited by shares , registered in Scotland. 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.

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 the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Financial instruments
Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality. The company has two main categories of financial instruments, which are loans and other receivables and other financial liabilities:

Loans and other receivables
Loans and other receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Upon recognition, these assets are measured at fair value less directly related transaction expenses. In successive periods these are measured at amortised cost, and any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value less any allowance for credit losses.

Other financial liabilities
Other financial liabilities are recognised initially at fair value, net of transaction costs incurred. In successive periods these are measured at amortised cost. Any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value.

Impairment of financial instruments
A provision for impairment is established when there is objective evidence that, as a result of one or more events that occurred after the initial recognition, the estimated future cash flows have been impacted.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


M & C Consultants Ltd (Registered number: SC737803)

Notes to the Financial Statements - continued
for the Period 8 July 2022 to 31 December 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 period 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.

Cash and cash equivalents
Cash and cash equivalents comprise cash held by the company and short term bank deposits with an original maturity of three months or less from inception and are subject to insignificant risk of changes in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 4,340
At 31 December 2023 4,340
DEPRECIATION
Charge for period 1,085
At 31 December 2023 1,085
NET BOOK VALUE
At 31 December 2023 3,255

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 15,708

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 16,047
Other creditors 1,200
17,247

7. CALLED UP SHARE CAPITAL

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

M & C Consultants Ltd (Registered number: SC737803)

Notes to the Financial Statements - continued
for the Period 8 July 2022 to 31 December 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 December 2023:

£   
Mrs M McComb
Balance outstanding at start of period -
Amounts advanced 132,208
Amounts repaid (116,500 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period 15,708

The loan to the director is interest free and repayable on demand. This loan was repaid within 9 months of the year end.

9. CONTROLLING PARTY

The company is controlled by Mrs M McComb by virtue of her 100% ownership of the company,