1 September 2022 false No description of principal activity Taxfiler 2024.1 NI603961business:PrivateLimitedCompanyLtd2022-09-012023-08-31 NI6039612022-08-31 NI6039612022-09-012023-08-31 NI603961business:AuditExempt-NoAccountantsReport2022-09-012023-08-31 NI603961business:FilletedAccounts2022-09-012023-08-31 NI6039612023-08-31 NI603961business:Director12022-09-012023-08-31 NI603961business:Director22022-09-012023-08-31 NI603961business:RegisteredOffice2022-09-012023-08-31 NI6039612022-08-31 NI603961core:WithinOneYear2023-08-31 NI603961core:WithinOneYear2022-08-31 NI603961core:AfterOneYear2023-08-31 NI603961core:AfterOneYear2022-08-31 NI603961core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 NI603961core:ShareCapitalcore:PreviouslyStatedAmount2022-08-31 NI603961core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 NI603961core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-08-31 NI603961core:PreviouslyStatedAmount2023-08-31 NI603961core:PreviouslyStatedAmount2022-08-31 NI603961business:SmallEntities2022-09-012023-08-31 NI603961countries:NorthernIreland2022-09-012023-08-31 NI603961core:PlantMachinery2022-09-012023-08-31 NI603961core:LandBuildings2022-08-31 NI603961core:PlantMachinery2022-08-31 NI603961core:LandBuildings2022-09-012023-08-31 NI603961core:LandBuildings2023-08-31 NI603961core:PlantMachinery2023-08-31 NI6039612021-09-012022-08-31 iso4217:GBP xbrli:pure
Company Registration No. NI603961 (Northern Ireland)
MAC Farms Ltd Unaudited accounts for the year ended 31 August 2023
MAC Farms Ltd Unaudited accounts Contents
Page
- 2 -
MAC Farms Ltd Company Information for the year ended 31 August 2023
Directors
Niall McKelvey Sonya McKelvey
Company Number
NI603961 (Northern Ireland)
Registered Office
43 Skreen Road Omagh Co Tyrone BT78 1SR
Accountants
A D Pottie & Co Ltd 1 Church Street Fintona Tyrone BT78 2BR
- 3 -
MAC Farms Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,538,768 
578,872 
Current assets
Inventories
186,051 
117,840 
Debtors
125,399 
121,000 
Investments
100 
100 
Cash at bank and in hand
59,029 
27,491 
370,579 
266,431 
Creditors: amounts falling due within one year
(620,781)
(281,659)
Net current liabilities
(250,202)
(15,228)
Total assets less current liabilities
1,288,566 
563,644 
Creditors: amounts falling due after more than one year
(627,273)
(49,252)
Net assets
661,293 
514,392 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
661,193 
514,292 
Shareholders' funds
661,293 
514,392 
For the year ending 31 August 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 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 11 April 2024 and were signed on its behalf by
Niall McKelvey Director Company Registration No. NI603961
- 4 -
MAC Farms Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
MAC Farms Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI603961. The registered office is 43 Skreen Road, Omagh, Co Tyrone, BT78 1SR.
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.
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
25% reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2022
459,400 
664,262 
1,123,662 
Additions
960,750 
35,850 
996,600 
At 31 August 2023
1,420,150 
700,112 
2,120,262 
Depreciation
At 1 September 2022
- 
544,790 
544,790 
Charge for the year
- 
36,704 
36,704 
At 31 August 2023
- 
581,494 
581,494 
Net book value
At 31 August 2023
1,420,150 
118,618 
1,538,768 
At 31 August 2022
459,400 
119,472 
578,872 
- 5 -
MAC Farms Ltd Notes to the Accounts for the year ended 31 August 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
11,123 
10,439 
Trade debtors
92,656 
105,242 
Other debtors
21,620 
5,319 
125,399 
121,000 
6
Investments held as current assets
2023 
2022 
£ 
£ 
Unlisted investments
100 
100 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
22,595 
18,694 
Obligations under finance leases and hire purchase contracts
27,456 
16,296 
Trade creditors
102,708 
104,318 
Taxes and social security
19,904 
- 
Loans from directors
447,118 
141,351 
Accruals
1,000 
1,000 
620,781 
281,659 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
603,646 
33,857 
Obligations under finance leases and hire purchase contracts
23,627 
15,395 
627,273 
49,252 
9
Average number of employees
During the year the average number of employees was 7 (2022: 7).
- 6 -