05244318 2022-10-01 2023-09-30 05244318 uk-bus:Director1 2022-10-01 2023-09-30 05244318 uk-bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 05244318 uk-bus:SmallEntities 2022-10-01 2023-09-30 05244318 uk-bus:FullAccounts 2022-10-01 2023-09-30 05244318 uk-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 05244318 2022-10-01 05244318 2023-09-30 05244318 2021-10-01 2022-09-30 05244318 2022-09-30 xbrli:pure iso4217:GBP 05244318 2021-10-01 2022-09-30
Company Registration Number : 05244318 (England and Wales)
05244318
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-09-30
false
MACTURNER ACCOUNTING LIMITED
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2022-10-01
MACTURNER ACCOUNTING LIMITED
Unaudited financial statements and annual report
For the year ended 30 September 2023
MACTURNER ACCOUNTING LIMITED
Contents
For the year ended 30 September 2023

CONTENTS PAGE
Company Information 3
Director's Report 4
Director's Responsibilities Statement
Accountant's Report 5
Income Statement 6
Statement of Financial Position 7
Notes to the Financial Statements 8 - 10
Detailed Income Statement 11


MACTURNER ACCOUNTING LIMITED
Company Information
For the year ended 30 September 2023

Company registration number 05244318 (England and Wales)
Director Tolulope Atinuke Opaleye
Registered office address 31 Church Street
Dagenham
RM10 9UR
UK
Accountant Macturner Accounting Ltd
Petronne House
31 Church Street
RM10 9UR












Accountant

Macturner Accounting Ltd

Petronne House
31 Church Street
RM10 9UR
MACTURNER ACCOUNTING LIMITED
Director's Report
For the year ended 30 September 2023

The director presents his/her report and the Unaudited Financial Statements for the year ended 30 September 2023.
Principal activity
The principal activity of the company continued to be that of Accounting and Bookkeeping.
Going concern
The financial statements have been prepared on a going concern basis unless it is inappropriate to presume that the company will continue in business.
Director of the company
The following directors held office during the whole of the period:
Tolulope Atinuke Opaleye
Statement of director's responsibilities
The directors are responsible for preparing the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare such financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), FRS 102 1A Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to; select suitable accounting policies and then apply them consistently; make judgements and accounting estimates that are reasonable and prudent; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the special provisions for small companies within Part 15 of the Companies Act 2006.
Approved by the Board of directors and signed on its behalf by:
Tolulope Atinuke Opaleye (Director)
Date: 10 April 2024
This report was approved by the board on 2024-04-10 Date: 10 April 2024
MACTURNER ACCOUNTING LIMITED
Accountant's report
For the year ended 30 September 2023

Accountant's Report to the board of directors on the preparation of the unaudited statutory accounts of MACTURNER ACCOUNTING LIMITED for the year ended 30 September 2023.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MACTURNER ACCOUNTING LIMITED for the year ended 30 September 2023.

We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on these financial statements.

You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.

The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Macturner Accounting Ltd

Petronne House
31 Church Street

RM10 9UR
2024-04-10 Date: 10 April 2024
5
MACTURNER ACCOUNTING LIMITED
Income Statement
For the year ended 30 September 2023

2023 2022
Notes £ £
Turnover 5 50,806 76,440
Cost of sales (3,949) (3,965)
Gross profit 46,857 72,476
Selling and distribution expenses (3,458) (2,941)
Administrative expenses (46,630) (59,701)
Operating loss 6 (3,232) 9,833
Interest receivable and similar income - -
Loss on ordinary activities before taxation (3,232) 9,833
Tax - (1,868)
Loss for the year (3,232) 7,965
/* == Copy of Frs105 Profit Loss for XML COntent ============================================================ */
Profit and loss account
2023 2022
£ £
MACTURNER ACCOUNTING LIMITED
Statement of Financial Position
For the year ended 30 September 2023

2023 2022
Notes £ £
Current assets
Debtors 9 109,494 168,449
Cash and cash equivalents 10 480 -
109,974 168,449
Current liabilities
Creditors: Amounts falling due within one year 11 (69,738) (112,803)
Corporation tax payable (1,868) (1,868)
(71,607) (114,672)
Net current assets/(liabilities) 38,367 53,778
Total assets less current liabilities 38,367 53,778
Non-current liabilities
Creditors: Amounts falling due after more than one year 12 (40,926) (53,106)
Net (liabilities)/assets (2,559) 672
Capital and reserves
Called up share capital 13 100 100
Retained earnings (2,659) 572
Shareholder's funds (2,559) 672
For the year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
  • For the year ended 30 September 2023 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 director acknowledges their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 23 September 2021
.............................
Tolulope Atinuke Opaleye (Director)
Company registration number: 05244318
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-09-30 30 September 2023
2023 2022
£ £
Current Assets 109,974 168,449
Creditors: amounts falling due within one year (71,607) (114,672)
Net current assets (liabilities) 38,367 53,778
Total assets less current liabilities 38,367 53,778
CREDITORS: Amounts falling due more than one year (40,926) (53,106)
Net Assets (liabilities) (2,559) 672
Capital and Reserves (2,559) 672
For the year ending 30/09/2023 the company was entitled to exemption 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. For the year ending 30-09-2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the small companies provisions and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.
Approved by the board of directors on 23 September 2021 2024-04-10 and signed on behalf of the board,
.............................
Tolulope Atinuke Opaleye
Director
Company registration number: 05244318
MACTURNER ACCOUNTING LIMITED
Notes to the Financial Statements
For the year ended 30 September 2023

(1) General Information
MACTURNER ACCOUNTING LIMITED is a private company limited by shares, domiciled and incorporated in England and Wales. Its registered office is Petronne House, 31 Church Street, Dagenham RM10 9UR.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies regime.
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Foreign currency
Transactions in foreign currencies other than its functional currency are recorded at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the year-end date are translated at the foreign exchange rate ruling at that date. Foreign exchange differences arising on translation are recognised in the income statement within financial income or expense, as appropriate. Non-monetary assets that are measured in terms of historical cost in foreign currency are translated using the exchange rate at the date of the transaction.
Interest income
Interest income is recognised using the effective interest method.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Employee benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

(4) Critical accounting judgements and key sources of estimation uncertainty
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.

(5) Turnover
The revenue from company's operations comprise:
2023 2022
£ £
Sales 50,270 76,610
Other Trading Income 536 (170)
50,806 76,440

(6) Operating profit
Operating profit for the year from continuing operations has been arrived after charging:
2023 2022
£ £
Staff costs 20,268 39,732
Director's remuneration 11,168 2,333
31,437 42,065

(7) Employees
During the year, the average number of employees including director was 0 (2022 : 0).

The above numbers are averages for the year and calculated on a full-time equivalent basis. The aggregate payroll costs of the above were:
2023 2022
£ £
Wages and salaries 31,218 41,943
Pension contributions 218 122
31,437 42,065

(8) Tax
Current tax
2023 2022
£ £
Corporation tax charge for current year - 1,868
Total current tax - 1,868

(9) Debtors
Amounts falling due within one year
2023 2022
£ £
Trade debtors 35,401 34,064
Other debtors 74,092 134,385
109,494 168,449

(10) Cash and cash equivalents
2023 2022
£ £
Bank balance 480 -
480 -

(11) Creditors: Amounts falling due within one year
2023 2022
£ £
Trade creditors 143 -
Bank loans and overdrafts 250 3,390
Other taxes and social security 26,410 17,443
Other creditors 42,935 91,970
69,738 112,803

(12) Creditors: Amounts falling due after more than one year
2023 2022
£ £
Bank loans and overdrafts 39,806 45,000
Other creditors 1,120 8,106
40,926 53,106

(13) Share capital and reserves
Alloted,called up and fully paid: 2023 2022
£ £
100 (2022 : 100) Ordinary Shares of £ 1 each100100
100 100
Ordinary shares hold equal voting rights.
Retained earnings 2023
£
At 1 October 2022 3,793
Loss of the year (6,453)
At 30 September 2023 (2,660)
MACTURNER ACCOUNTING LIMITED
Detailed Income Statement
For the year ended 30 September 2023




This section does not form part of the statutory accounts.




2023 2022
£ £
Turnover 50,806 76,440
Less : Cost of sales
Subcontractor costs - 100
Cost of sales 454 -
Other Direct Expenditure 3,254 2,987
Transportation Costs 241 877
3,949 3,965
Gross Profit 46,857 72,476
Less : Selling and distribution expenses
Advertising and Marketing 3,213 2,784
Subsistence 245 157
3,458 2,941
Less : Administrative expenses
Rent 7,040 11,716
Directors' Remuneration 10,950 2,300
Employee Salary Expense 20,268 39,643
Employers NI 781 1,256
Employers NI allowance (781) (1,256)
Employer Pension Contributions - 89
Director Pension Contributions 218 33
Training and Development 130 123
IT Costs 50 143
Insurance 282 267
Printing, Postage and Stationery 6 84
Telephone and Internet 1,409 1,565
Charitable Donations 3,910 2,124
KICC Charitable donations 567 -
Bank Fees 1,800 1,615
46,630 59,701
Operating loss (3,232) 9,833
Loss on ordinary activities before taxation (3,232) 9,833
Less : Tax
Corporation Tax - 1,868
- 1,868
Net loss for the year after taxation (3,232) 7,965
Net loss for the year after dividends (3,232) 7,965
Retained profits brought forward 3,793 (4,171)
Retained profits carried forward 562 3,793