2022-08-012023-07-312023-07-31false11313661THE MC2 NETWORK LTD2023-09-2041100iso4217:GBPxbrli:pure113136612022-08-01113136612023-07-31113136612022-08-012023-07-31113136612021-08-01113136612022-07-31113136612021-08-012022-07-3111313661bus:SmallEntities2022-08-012023-07-3111313661bus:AuditExempt-NoAccountantsReport2022-08-012023-07-3111313661bus:FullAccounts2022-08-012023-07-3111313661bus:PrivateLimitedCompanyLtd2022-08-012023-07-3111313661core:WithinOneYear2023-07-3111313661core:AfterOneYear2023-07-3111313661core:WithinOneYear2022-07-3111313661core:AfterOneYear2022-07-3111313661core:ShareCapital2023-07-3111313661core:SharePremium2023-07-3111313661core:RevaluationReserve2023-07-3111313661core:OtherReservesSubtotal2023-07-3111313661core:RetainedEarningsAccumulatedLosses2023-07-3111313661core:ShareCapital2022-07-3111313661core:SharePremium2022-07-3111313661core:RevaluationReserve2022-07-3111313661core:OtherReservesSubtotal2022-07-3111313661core:RetainedEarningsAccumulatedLosses2022-07-3111313661core:LandBuildings2023-07-3111313661core:PlantMachinery2023-07-3111313661core:Vehicles2023-07-3111313661core:FurnitureFittings2023-07-3111313661core:OfficeEquipment2023-07-3111313661core:NetGoodwill2023-07-3111313661core:IntangibleAssetsOtherThanGoodwill2023-07-3111313661core:ListedExchangeTraded2023-07-3111313661core:UnlistedNon-exchangeTraded2023-07-3111313661core:LandBuildings2022-07-3111313661core:PlantMachinery2022-07-3111313661core:Vehicles2022-07-3111313661core:FurnitureFittings2022-07-3111313661core:OfficeEquipment2022-07-3111313661core:NetGoodwill2022-07-3111313661core:IntangibleAssetsOtherThanGoodwill2022-07-3111313661core:ListedExchangeTraded2022-07-3111313661core:UnlistedNon-exchangeTraded2022-07-3111313661core:LandBuildings2022-08-012023-07-3111313661core:PlantMachinery2022-08-012023-07-3111313661core:Vehicles2022-08-012023-07-3111313661core:FurnitureFittings2022-08-012023-07-3111313661core:OfficeEquipment2022-08-012023-07-3111313661core:NetGoodwill2022-08-012023-07-3111313661core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3111313661core:ListedExchangeTraded2022-08-012023-07-3111313661core:UnlistedNon-exchangeTraded2022-08-012023-07-3111313661core:MoreThanFiveYears2022-08-012023-07-3111313661core:Non-currentFinancialInstruments2023-07-3111313661core:Non-currentFinancialInstruments2022-07-3111313661dpl:CostSales2022-08-012023-07-3111313661dpl:DistributionCosts2022-08-012023-07-3111313661core:LandBuildings2022-08-012023-07-3111313661core:PlantMachinery2022-08-012023-07-3111313661core:Vehicles2022-08-012023-07-3111313661core:FurnitureFittings2022-08-012023-07-3111313661core:OfficeEquipment2022-08-012023-07-3111313661dpl:AdministrativeExpenses2022-08-012023-07-3111313661core:NetGoodwill2022-08-012023-07-3111313661core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3111313661dpl:GroupUndertakings2022-08-012023-07-3111313661dpl:ParticipatingInterests2022-08-012023-07-3111313661dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-012023-07-3111313661core:ListedExchangeTraded2022-08-012023-07-3111313661dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-012023-07-3111313661core:UnlistedNon-exchangeTraded2022-08-012023-07-3111313661dpl:CostSales2021-08-012022-07-3111313661dpl:DistributionCosts2021-08-012022-07-3111313661core:LandBuildings2021-08-012022-07-3111313661core:PlantMachinery2021-08-012022-07-3111313661core:Vehicles2021-08-012022-07-3111313661core:FurnitureFittings2021-08-012022-07-3111313661core:OfficeEquipment2021-08-012022-07-3111313661dpl:AdministrativeExpenses2021-08-012022-07-3111313661core:NetGoodwill2021-08-012022-07-3111313661core:IntangibleAssetsOtherThanGoodwill2021-08-012022-07-3111313661dpl:GroupUndertakings2021-08-012022-07-3111313661dpl:ParticipatingInterests2021-08-012022-07-3111313661dpl:GroupUndertakingscore:ListedExchangeTraded2021-08-012022-07-3111313661core:ListedExchangeTraded2021-08-012022-07-3111313661dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-08-012022-07-3111313661core:UnlistedNon-exchangeTraded2021-08-012022-07-3111313661core:NetGoodwill2023-07-3111313661core:IntangibleAssetsOtherThanGoodwill2023-07-3111313661core:LandBuildings2023-07-3111313661core:PlantMachinery2023-07-3111313661core:Vehicles2023-07-3111313661core:FurnitureFittings2023-07-3111313661core:OfficeEquipment2023-07-3111313661core:AfterOneYear2023-07-3111313661core:WithinOneYear2023-07-3111313661core:ListedExchangeTraded2023-07-3111313661core:UnlistedNon-exchangeTraded2023-07-3111313661core:ShareCapital2023-07-3111313661core:SharePremium2023-07-3111313661core:RevaluationReserve2023-07-3111313661core:OtherReservesSubtotal2023-07-3111313661core:RetainedEarningsAccumulatedLosses2023-07-3111313661core:NetGoodwill2022-07-3111313661core:IntangibleAssetsOtherThanGoodwill2022-07-3111313661core:LandBuildings2022-07-3111313661core:PlantMachinery2022-07-3111313661core:Vehicles2022-07-3111313661core:FurnitureFittings2022-07-3111313661core:OfficeEquipment2022-07-3111313661core:AfterOneYear2022-07-3111313661core:WithinOneYear2022-07-3111313661core:ListedExc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THE MC2 NETWORK LTD

Registered Number
11313661
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2023

THE MC2 NETWORK LTD
Company Information
for the year from 1 August 2022 to 31 July 2023

Directors

ALDRICH, Murray Russell Brian
CROTTY, Michael David

Registered Address

2 Colchester Road
St. Osyth
Clacton-On-Sea
CO16 8HA

Registered Number

11313661 (England and Wales)
THE MC2 NETWORK LTD
Balance Sheet as at
31 July 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets53,2183,804
3,2183,804
Current assets
Stocks65,885-
Debtors72,68811,408
Cash at bank and on hand49,83937,961
58,41249,369
Creditors amounts falling due within one year8(53,449)(48,062)
Net current assets (liabilities)4,9631,307
Total assets less current liabilities8,1815,111
Net assets8,1815,111
Capital and reserves
Called up share capital44
Profit and loss account8,1775,107
Shareholders' funds8,1815,111
The financial statements were approved and authorised for issue by the Board of Directors on 20 September 2023, and are signed on its behalf by:
CROTTY, Michael David
Director
Registered Company No. 11313661
THE MC2 NETWORK LTD
Notes to the Financial Statements
for the year ended 31 July 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

20232022
Average number of employees during the year22
5.Property, plant and equipment

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 August 224,0631,0085,071
Additions488-488
At 31 July 234,5511,0085,559
Depreciation and impairment
At 01 August 221,0162511,267
Charge for year8841901,074
At 31 July 231,9004412,341
Net book value
At 31 July 232,6515673,218
At 31 July 223,0477573,804
6.Stocks

2023

2022

££
Work in progress5,885-
Total5,885-
7.Debtors

2023

2022

££
Trade debtors / trade receivables4868,160
Other debtors2,2023,248
Total2,68811,408
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables480462
Bank borrowings and overdrafts11,02415,234
Taxation and social security21,92219,157
Other creditors20,02313,209
Total53,44948,062
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.