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Company Registration No. 12392661 (England and Wales)
MAC PLANT (EASTERN) LTD Unaudited accounts for the year ended 31 January 2024
MAC PLANT (EASTERN) LTD Unaudited accounts Contents
Page
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MAC PLANT (EASTERN) LTD Company Information for the year ended 31 January 2024
Directors
Stuart Maclean Melissa Maclean
Company Number
12392661 (England and Wales)
Registered Office
112 - 113 HIGH STREET LINCOLN LN5 7PY ENGLAND
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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MAC PLANT (EASTERN) LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
345,942 
126,059 
Current assets
Debtors
126,689 
204,762 
Cash at bank and in hand
248,986 
169,726 
375,675 
374,488 
Creditors: amounts falling due within one year
(344,935)
(447,647)
Net current assets/(liabilities)
30,740 
(73,159)
Total assets less current liabilities
376,682 
52,900 
Creditors: amounts falling due after more than one year
(129,458)
- 
Provisions for liabilities
Deferred tax
(86,227)
(18,772)
Net assets
160,997 
34,128 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
160,897 
34,028 
Shareholders' funds
160,997 
34,128 
For the year ending 31 January 2024 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2024 and were signed on its behalf by
Stuart Maclean Director Company Registration No. 12392661
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MAC PLANT (EASTERN) LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
MAC PLANT (EASTERN) LTD is a private company, limited by shares, registered in England and Wales, registration number 12392661. The registered office is 112 - 113 HIGH STREET, LINCOLN, LN5 7PY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
20% Reducing balance
Computer equipment
20% Reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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MAC PLANT (EASTERN) LTD Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
128,271 
26,990 
2,311 
157,572 
Additions
236,750 
64,780 
4,837 
306,367 
At 31 January 2024
365,021 
91,770 
7,148 
463,939 
Depreciation
At 1 February 2023
25,653 
5,398 
462 
31,513 
Charge for the year
67,874 
17,273 
1,337 
86,484 
At 31 January 2024
93,527 
22,671 
1,799 
117,997 
Net book value
At 31 January 2024
271,494 
69,099 
5,349 
345,942 
At 31 January 2023
102,618 
21,592 
1,849 
126,059 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
53,932 
21,564 
Trade debtors
- 
88,516 
Other debtors
72,757 
79,511 
126,689 
189,591 
Amounts falling due after more than one year
Other debtors
- 
15,171 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
56,949 
- 
Trade creditors
- 
366,091 
Taxes and social security
14,764 
- 
Loans from directors
(71,626)
1,045 
Accruals
272,091 
1,000 
Deferred income
72,757 
79,511 
344,935 
447,647 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
129,458 
- 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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MAC PLANT (EASTERN) LTD Notes to the Accounts for the year ended 31 January 2024
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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