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Registered Number: 09280079
England and Wales

 

 

 

MACS VENTURES LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 November 2022

End date: 31 October 2023
Report to the directors on the preparation of the unaudited statutory accounts of MACS Ventures Limited for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MACS Ventures Limited for the year ended 31 October 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of MACS Ventures Limited, as a body, in accordance with the terms of our engagement letter dated 31 July 2024 Our work has been undertaken solely to prepare for your approval the accounts of MACS Ventures Limited and state those matters that we have agreed to state to the Board of Directors of MACS Ventures Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MACS Ventures Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MACS Ventures Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of MACS Ventures Limited. You consider that MACS Ventures Limited is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of MACS Ventures Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 October 2023



....................................................
Martin Morrison & Co Limited
Unit 43 The Coach House
66-70 Bourne Road
Bexley
DA5 1LU
31 July 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 688    1,539 
688    1,539 
Current assets      
Debtors 9,723    11,470 
Cash at bank and in hand (5,531)   (5,590)
4,192    5,880 
Creditors: amount falling due within one year (2,431)   (4,616)
Net current assets 1,761    1,264 
 
Total assets less current liabilities 2,449    2,803 
Creditors: amount falling due after more than one year (4,779)  
Net assets (2,330)   2,803 
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account (2,332)   2,801 
Shareholders' funds (2,330)   2,803 
 


For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 31 July 2024 and were signed by:


-------------------------------
Michael Asare
Director
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General Information
MACS Ventures Limited is a private company, limited by shares, registered in England and Wales, registration number 09280079, registration address Unit 43 The Coach House, 66-67 Bourne Road, Bexley, Kent, DA5 1LU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 November 2022 3,405    1,650    5,055 
Additions    
Disposals    
At 31 October 2023 3,405    1,650    5,055 
Depreciation
At 01 November 2022 1,867    1,649    3,516 
Charge for year 851      851 
On disposals    
At 31 October 2023 2,718    1,649    4,367 
Net book values
Closing balance as at 31 October 2023 687    1    688 
Opening balance as at 01 November 2022 1,538    1    1,539 


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