Macklot (Shrewsbury) Ltd


FINANCIAL STATEMENTS


for the period ended 30th June 2023



Macklot (Shrewsbury) Ltd

CONTENTS

for the period ended 30th June 2023







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Macklot (Shrewsbury) Ltd

Company No. 13249044

STATEMENT OF FINANCIAL POSITION

as at 30th June 2023

20232022
Note£££
FIXED ASSETS
Property, plant and equipment454992
54992
CURRENT ASSETS
Stocks557271791573894
Debtors677264920
Cash at bank and in hand612533046
57410301611860
CURRENT LIABILITIES
Creditors: amounts falling due
within one year71129081866911
NET CURRENT ASSETS4611949744949
TOTAL ASSETS LESS CURRENT LIABILITIES4612498745041
 
Creditors: amounts falling due
after more than one year84612199745000
 
NET ASSETS29941
 
CAPITAL AND RESERVES
Called up share capital11
Retained earnings29840
SHAREHOLDERS FUNDS29941

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the period ended 30th June 2023 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 23 February 2024


Brown R C

Director

Company Number 13249044 (England)

Macklot (Shrewsbury) Ltd

NOTES TO THE ACCOUNTS

for the period ended 30th June 2023


1   Statutory information

Macklot (Shrewsbury) Ltd is a private company limited by shares and registered under company number 13249044 in England. Its registered office address is Cumberland Court, 80 Mount Street, Nottingham, Nottinghamshire, United Kingdom, NG1 6HH.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles20% reducing balance

Stocks

Stocks are valued at the lower of cost and expected selling price less any costs to sell.

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

3   Employee information

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

4   Property, plant and equipment
 
Plant
and
MachineryTotal
££
Cost
At 1st April 2022 102102
Additions480480
At 30th June 2023582582
 
Depreciation
At 1st April 2022 1010
Charge for year2323
At 30th June 20233333
 
Net Book Value
At 30th June 2023549549
At 31st March 20229292

5   Stocks20232022
££
 
Work in progress57271791573894
57271791573894

The difference between purchase price or production cost of stocks and their replacement cost is not material.


6   Debtors20232022
££
 
Other debtors-4920
Prepayments and accrued income7726-
77264920

7   Creditors: amounts falling due within one year20232022
££
 
Trade Creditors1263734993
Other creditors916862861918
Accruals and deferred income85846-
1129081866911

8   Creditors: amounts falling due after one year20232022
££
 
Loans and Overdrafts4612199745000
4612199745000

9   Loans20232022
££
Analysis of maturity of debt:
 
Between one and five years4612199745000
4612199745000
Secured loans4612199-

Loans are secured by all assets debenture


10   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

20232022
££
 
Brown R C463262431700
Brown R M450000425000
O'Shea L M36003600
916862860300

11   Subsidiary status

This Company is a direct subsidiary of Macklot Holdings Limited which holds 100% of the voting share capital. It's registered address or principle place of business is at Cumberland Court, 80 Mount Sreet, Nottingham, Nottinghamshire. NG1 6HH.

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