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REGISTERED NUMBER: 09190424 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 AUGUST 2023

FOR

MCLAREN (GB) LTD

MCLAREN (GB) LTD (REGISTERED NUMBER: 09190424)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


MCLAREN (GB) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







Director: B Rose





Secretary: Mrs F Rose





Registered office: 25 Whitford Drive
Solihull
West Midlands
B90 4YG





Registered number: 09190424 (England and Wales)





Accountants: Athos Business Solutions Limited
1623 Warwick Road
Knowle
Solihull
West Midlands
B93 9LF

MCLAREN (GB) LTD (REGISTERED NUMBER: 09190424)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,071 44,724

CURRENT ASSETS
Debtors 5 62,475 53,159
Cash at bank 49,708 66,375
112,183 119,534
CREDITORS
Amounts falling due within one year 6 95,526 75,908
NET CURRENT ASSETS 16,657 43,626
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,728

88,350

CREDITORS
Amounts falling due after more than one year 7 (32,306 ) (37,624 )

PROVISIONS FOR LIABILITIES (11,319 ) (7,919 )
NET ASSETS 35,103 42,807

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 35,003 42,707
35,103 42,807

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MCLAREN (GB) LTD (REGISTERED NUMBER: 09190424)

BALANCE SHEET - continued
31 AUGUST 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 director and authorised for issue on 12 January 2024 and were signed by:





B Rose - Director


MCLAREN (GB) LTD (REGISTERED NUMBER: 09190424)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

Mclaren (Gb) Ltd 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.

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.
Plant and machinery - 20% on cost
Fixtures & Fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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.

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.

MCLAREN (GB) LTD (REGISTERED NUMBER: 09190424)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Fixtures Motor Computer
machinery & Fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 September 2022 52,246 4,945 27,950 24,884 110,025
Additions 32,179 216 - 1,823 34,218
At 31 August 2023 84,425 5,161 27,950 26,707 144,243
Depreciation
At 1 September 2022 34,898 644 16,404 13,355 65,301
Charge for year 7,552 672 2,887 5,760 16,871
At 31 August 2023 42,450 1,316 19,291 19,115 82,172
Net book value
At 31 August 2023 41,975 3,845 8,659 7,592 62,071
At 31 August 2022 17,348 4,301 11,546 11,529 44,724

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 56,345 31,336
Other debtors 6,130 21,823
62,475 53,159

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,530 5,530
Trade creditors 81,146 58,326
Taxation and social security 6,593 9,826
Other creditors 2,257 2,226
95,526 75,908

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 32,306 37,624

MCLAREN (GB) LTD (REGISTERED NUMBER: 09190424)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,186 15,504