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REGISTERED NUMBER: 07582559 (England and Wales)















Unaudited Financial Statements

for the Period 1 August 2022 to 31 January 2024

for

MCL Solutions Limited

MCL Solutions Limited (Registered number: 07582559)






Contents of the Financial Statements
for the Period 1 August 2022 to 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MCL Solutions Limited

Company Information
for the Period 1 August 2022 to 31 January 2024







DIRECTOR: M C Lickley





SECRETARY:





REGISTERED OFFICE: Vicarage Chambers
9 Park Sq East
Leeds
West Yorkshire
LS1 2LH





REGISTERED NUMBER: 07582559 (England and Wales)





ACCOUNTANTS: A.G.L. Accountancy Services Limited
Flat 2
20 Harlow Moor Drive
Harrogate
North Yorkshire
HG2 0JX

MCL Solutions Limited (Registered number: 07582559)

Balance Sheet
31 January 2024

31.1.24 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 49,515 59,418
Tangible assets 5 3,500,910 866,119
3,550,425 925,537

CURRENT ASSETS
Stocks 520,000 335,000
Debtors 6 1,224,854 1,356,626
Cash at bank 156,441 51,154
1,901,295 1,742,780
CREDITORS
Amounts falling due within one year 7 4,184,128 1,782,625
NET CURRENT LIABILITIES (2,282,833 ) (39,845 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,267,592

885,692

CREDITORS
Amounts falling due after more than one
year

8

608,622

462,956
NET ASSETS 658,970 422,736

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 658,870 422,636
SHAREHOLDERS' FUNDS 658,970 422,736

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2024 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.

MCL Solutions Limited (Registered number: 07582559)

Balance Sheet - continued
31 January 2024


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 29 March 2024 and were signed by:





M C Lickley - Director


MCL Solutions Limited (Registered number: 07582559)

Notes to the Financial Statements
for the Period 1 August 2022 to 31 January 2024

1. STATUTORY INFORMATION

MCL Solutions 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 10% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

MCL Solutions Limited (Registered number: 07582559)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 31 January 2024

2. ACCOUNTING POLICIES - continued

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.

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 44 (2022 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 January 2024 66,020
AMORTISATION
At 1 August 2022 6,602
Charge for period 9,903
At 31 January 2024 16,505
NET BOOK VALUE
At 31 January 2024 49,515
At 31 July 2022 59,418

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 1,166,378
Additions 3,245,891
Disposals (361,870 )
At 31 January 2024 4,050,399
DEPRECIATION
At 1 August 2022 300,259
Charge for period 343,174
Eliminated on disposal (93,944 )
At 31 January 2024 549,489
NET BOOK VALUE
At 31 January 2024 3,500,910
At 31 July 2022 866,119

MCL Solutions Limited (Registered number: 07582559)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 31 January 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.7.22
£    £   
Trade debtors 992,633 886,108
Other debtors 232,221 470,518
1,224,854 1,356,626

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.7.22
£    £   
Bank loans and overdrafts 19,102 -
Hire purchase contracts 1,147,440 243,717
Trade creditors 1,501,111 536,636
Taxation and social security 622,432 513,289
Other creditors 894,043 488,983
4,184,128 1,782,625

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.7.22
£    £   
Hire purchase contracts 512,414 324,470
Other creditors 96,208 138,486
608,622 462,956

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 86,208 128,486

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.7.22
£    £   
Other loans 96,208 138,486
Swishfund 72,875 100,154
169,083 238,640

Floating charge covering all property or undertakings of the company