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REGISTERED NUMBER: 06765066 (England and Wales)















Unaudited Financial Statements

for the Period 1 April 2023 to 31 December 2023

for

MACS Automated Bollard Systems Limited

MACS Automated Bollard Systems Limited (Registered number: 06765066)






Contents of the Financial Statements
for the Period 1 April 2023 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MACS Automated Bollard Systems Limited

Company Information
for the Period 1 April 2023 to 31 December 2023







DIRECTORS: D Campbell
D Corcoran





REGISTERED OFFICE: Unit 8.1b Tameside Business Park
Windmill Lane
Denton
Manchester
Greater Manchester
M34 3QS





REGISTERED NUMBER: 06765066 (England and Wales)





ACCOUNTANTS: EBA
Ground Floor
Rear Barn
The Brookdale Centre
Knutsford
Cheshire
WA16 0SR

MACS Automated Bollard Systems Limited (Registered number: 06765066)

Balance Sheet
31 December 2023

31.12.23 31.3.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 39,696 49,614

CURRENT ASSETS
Stocks 121,364 94,207
Debtors 5 49,106 95,238
Cash at bank and in hand 99,353 242,972
269,823 432,417
CREDITORS
Amounts falling due within one year 6 113,074 178,492
NET CURRENT ASSETS 156,749 253,925
TOTAL ASSETS LESS CURRENT
LIABILITIES

196,445

303,539

CREDITORS
Amounts falling due after more than one
year

7

(23,352

)

(33,850

)

PROVISIONS FOR LIABILITIES (12,267 ) (15,433 )
NET ASSETS 160,826 254,256

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 160,726 254,156
SHAREHOLDERS' FUNDS 160,826 254,256

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.

MACS Automated Bollard Systems Limited (Registered number: 06765066)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 2 April 2024 and were signed on its behalf by:





D Campbell - Director


MACS Automated Bollard Systems Limited (Registered number: 06765066)

Notes to the Financial Statements
for the Period 1 April 2023 to 31 December 2023

1. STATUTORY INFORMATION

MACS Automated Bollard Systems Limited 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 etc - 25% on reducing balance, 15% on reducing balance and at variable rates on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

MACS Automated Bollard Systems Limited (Registered number: 06765066)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 April 2023 77,710
Additions 1,229
Disposals (5,021 )
At 31 December 2023 73,918
DEPRECIATION
At 1 April 2023 28,096
Charge for period 9,290
Eliminated on disposal (3,164 )
At 31 December 2023 34,222
NET BOOK VALUE
At 31 December 2023 39,696
At 31 March 2023 49,614

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.3.23
£ £
Trade debtors 25,274 37,688
Other debtors 23,832 57,550
49,106 95,238

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.3.23
£ £
Bank loans and overdrafts 14,000 14,000
Trade creditors 21,590 18,622
Taxation and social security 5,944 68,823
Other creditors 71,540 77,047
113,074 178,492

MACS Automated Bollard Systems Limited (Registered number: 06765066)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.3.23
£ £
Bank loans 23,352 33,850

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.