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Company Registration No. 12722684 (England and Wales)
MC SIMS LIMITED Unaudited accounts for the year ended 31 July 2023
MC SIMS LIMITED Unaudited accounts Contents
Page
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MC SIMS LIMITED Company Information for the year ended 31 July 2023
Directors
Mahmud Rahil Nawer Adel Othman Shkab
Company Number
12722684 (England and Wales)
Registered Office
106 GLYN RHOSYN CARDIFF CF23 7DT WALES
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MC SIMS LIMITED Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,916 
41,378 
Current assets
Debtors
6,898 
3,868 
Cash at bank and in hand
24,889 
36,419 
31,787 
40,287 
Creditors: amounts falling due within one year
(47,377)
(26,489)
Net current (liabilities)/assets
(15,590)
13,798 
Total assets less current liabilities
12,326 
55,176 
Creditors: amounts falling due after more than one year
(189,546)
(189,546)
Net liabilities
(177,220)
(134,370)
Capital and reserves
Called up share capital
150 
150 
Profit and loss account
(177,370)
(134,520)
Shareholders' funds
(177,220)
(134,370)
For the year ending 31 July 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 2 April 2024 and were signed on its behalf by
Mahmud Rahil Nawer Director Company Registration No. 12722684
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MC SIMS LIMITED Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
MC SIMS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12722684. The registered office is 106 GLYN RHOSYN, CARDIFF, CF23 7DT, WALES.
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
Straight Line 20%
Fixtures & fittings
Straight Line 33.33%
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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MC SIMS LIMITED Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
37,427 
17,934 
55,361 
At 31 July 2023
37,427 
17,934 
55,361 
Depreciation
At 1 August 2022
7,983 
6,000 
13,983 
Charge for the year
7,485 
5,977 
13,462 
At 31 July 2023
15,468 
11,977 
27,445 
Net book value
At 31 July 2023
21,959 
5,957 
27,916 
At 31 July 2022
29,444 
11,934 
41,378 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
(3,030)
Accrued income and prepayments
6,898 
6,898 
6,898 
3,868 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
2,211 
- 
Trade creditors
25,733 
23,602 
Taxes and social security
721 
724 
Other creditors
16,953 
681 
Loans from directors
1,759 
1,482 
47,377 
26,489 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
189,546 
189,546 
8
Average number of employees
During the year the average number of employees was 8 (2022: 8).
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