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REGISTERED NUMBER: 03481616 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MACC UK LIMITED

MACC UK LIMITED (REGISTERED NUMBER: 03481616)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MACC UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: B Lavrard-Meyer





REGISTERED OFFICE: The Counting House
High Street
Lutterworth
Leicestershire
LE17 4AY





REGISTERED NUMBER: 03481616 (England and Wales)





AUDITORS: PWH Accountancy Ltd (Statutory Auditors)
The Counting House
High Street
Lutterworth
Leicestershire
LE17 4AY

MACC UK LIMITED (REGISTERED NUMBER: 03481616)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 11,813 10,799
Debtors 6 47,145 44,045
Cash at bank 135,382 134,579
194,340 189,423
CREDITORS
Amounts falling due within one year 7 53,079 50,877
NET CURRENT ASSETS 141,261 138,546
TOTAL ASSETS LESS CURRENT
LIABILITIES

141,261

138,546

CAPITAL AND RESERVES
Called up share capital 8 1,164,622 1,164,622
Retained earnings 9 (1,023,361 ) (1,026,076 )
SHAREHOLDERS' FUNDS 141,261 138,546

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 1 May 2024 and were signed by:





B Lavrard-Meyer - Director


MACC UK LIMITED (REGISTERED NUMBER: 03481616)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

MACC UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant, Actual results may differ from these estimates.

Turnover
Revenue comprises the fair value of the consideration received or receivable for the rendering of services in the ordinary course of the company's activities. Revenue is shown net of VAT and trade discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities. The amount of revenue is not considered to be reliably measurable until all contingencies relating to the sale have been resolved. The company bases its estimates on historical results, taking into consideration the type of customer, the type of transaction and the specifics of each arrangement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost

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

MACC UK LIMITED (REGISTERED NUMBER: 03481616)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. ACCOUNTING POLICIES - continued

Financial instruments

Financial assets
Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of receivables is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of payment. Receivables are considered for impairment on a case by case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable.

Financial liabilities
The company's financial liabilities include trade and other payables, which are measured at amortised cost using the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in which they are incurred.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts.

Taxation
Taxation for the year 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 year 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.

Foreign currencies
The financial statements are presented in GBP, being both the company's functional and presentation currency. Transactions denominated in foreign currencies are translated into GBP at the rates of exchange in operation on the dates of the transactions. Monetary assets and liabilities expressed in foreign currencies are translated into GBP at the rates of exchange prevailing at the date of the Statements of Financial Position. Translation differences are dealt with through the Statement of Comprehensive Income in the period in which they arise.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

MACC UK LIMITED (REGISTERED NUMBER: 03481616)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 January 2023
and 31 December 2023 7,975
DEPRECIATION
At 1 January 2023
and 31 December 2023 7,975
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 47,145 44,045

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 42,637 42,270
Tax 233 21
VAT 10,209 8,586
53,079 50,877

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,164,622 Ordinary £1 1,164,622 1,164,622

9. RESERVES
Retained
earnings
£   

At 1 January 2023 (1,026,076 )
Profit for the year 2,715
At 31 December 2023 (1,023,361 )

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Roger A Platt (Senior Statutory Auditor)
for and on behalf of PWH Accountancy Ltd (Statutory Auditors)

MACC UK LIMITED (REGISTERED NUMBER: 03481616)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

11. CONTINGENT LIABILITIES

The company has entered into an agreement with its parent company such that if the company makes a profit in any future financial year, the parent company will be entitled to recover previously waived charges to the extent of the profit made, subject to various specific conditions.

12. RELATED PARTY DISCLOSURES

During the year the company had the following transactions with its parent company MACC SA:

Amount due to MACC SA £42,403 (2022 £42,110)

2023 2022
Purchases of goods from MACC SA 109,766 101,520
Management charges paid to MACC SA 30,122 25,135

Recovery of waived charges 1,287 4,527



13. ULTIMATE CONTROLLING PARTY

MACC (UK) is a wholly owned subsidiary of MACC SA a company registered in France. whose address is Zl du Sanital, CS50427, 86104 Chatellerault Cx, France. Mr J-F Lavrard-Meyer and Mr B Lavrard-Meyer act as ultimate controlling party by way of their controlling interest in the shares of the parent company MACC SA.