Company Registration No. 12392661 (England and Wales)
MAC PLANT (EASTERN) LTD
Unaudited accounts
for the year ended 31 January 2024
MAC PLANT (EASTERN) LTD
Unaudited accounts
Contents
MAC PLANT (EASTERN) LTD
Company Information
for the year ended 31 January 2024
Directors
Stuart Maclean
Melissa Maclean
Company Number
12392661 (England and Wales)
Registered Office
112 - 113 HIGH STREET
LINCOLN
LN5 7PY
ENGLAND
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA
Templar Accounting & Business Support
Services Limited (Incorp: Blake and Co )
112 - 113 High Street,
Lincoln, Lincolnshire
LN5 7PY
MAC PLANT (EASTERN) LTD
Statement of financial position
as at 31 January 2024
Tangible assets
345,942
126,059
Cash at bank and in hand
248,986
169,726
Creditors: amounts falling due within one year
(344,935)
(447,647)
Net current assets/(liabilities)
30,740
(73,159)
Total assets less current liabilities
376,682
52,900
Creditors: amounts falling due after more than one year
(129,458)
-
Provisions for liabilities
Deferred tax
(86,227)
(18,772)
Called up share capital
100
100
Profit and loss account
160,897
34,028
Shareholders' funds
160,997
34,128
For the year ending 31 January 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2024 and were signed on its behalf by
Stuart Maclean
Director
Company Registration No. 12392661
MAC PLANT (EASTERN) LTD
Notes to the Accounts
for the year ended 31 January 2024
MAC PLANT (EASTERN) LTD is a private company, limited by shares, registered in England and Wales, registration number 12392661. The registered office is 112 - 113 HIGH STREET, LINCOLN, LN5 7PY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
20% Reducing balance
Computer equipment
20% Reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
MAC PLANT (EASTERN) LTD
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
128,271
26,990
2,311
157,572
Additions
236,750
64,780
4,837
306,367
At 31 January 2024
365,021
91,770
7,148
463,939
At 1 February 2023
25,653
5,398
462
31,513
Charge for the year
67,874
17,273
1,337
86,484
At 31 January 2024
93,527
22,671
1,799
117,997
At 31 January 2024
271,494
69,099
5,349
345,942
At 31 January 2023
102,618
21,592
1,849
126,059
Amounts falling due within one year
Other debtors
72,757
79,511
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
56,949
-
Taxes and social security
14,764
-
Loans from directors
(71,626)
1,045
Deferred income
72,757
79,511
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
129,458
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
MAC PLANT (EASTERN) LTD
Notes to the Accounts
for the year ended 31 January 2024
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).