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REGISTERED NUMBER: 04304622 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MAC BUILDING CONTRACTORS LIMITED

MAC BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04304622)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAC BUILDING CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: T S Macdonald





REGISTERED OFFICE: 18 High West Street
Dorchester
Dorset
DT1 1UW





REGISTERED NUMBER: 04304622 (England and Wales)





ACCOUNTANTS: Pugsley Revill
18 High West Street
Dorchester
Dorset
DT1 1UW

MAC BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04304622)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 101,612 85,443
101,612 85,443

CURRENT ASSETS
Stocks 2,870 65,005
Debtors 6 59,021 71,878
Cash at bank 249,615 148,932
311,506 285,815
CREDITORS
Amounts falling due within one year 7 123,452 61,794
NET CURRENT ASSETS 188,054 224,021
TOTAL ASSETS LESS CURRENT
LIABILITIES

289,666

309,464

CREDITORS
Amounts falling due after more than one
year

8

-

(30,041

)

PROVISIONS FOR LIABILITIES 10 (7,544 ) (3,722 )
NET ASSETS 282,122 275,701

CAPITAL AND RESERVES
Called up share capital 11 101 101
Retained earnings 282,021 275,600
SHAREHOLDERS' FUNDS 282,122 275,701

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MAC BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04304622)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 March 2024 and were signed by:





T S Macdonald - Director


MAC BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04304622)

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

1. STATUTORY INFORMATION

Mac Building Contractors 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office Equipment - 20% on reducing balance

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

Cost includes all direct costs and an appropriate proportion of fixed and variable overheads and in the case of work in progress a proportion of attributable profit.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


MAC BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04304622)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 15,000
AMORTISATION
At 1 January 2023
and 31 December 2023 15,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

MAC BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04304622)

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

5. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles Equipment Totals
£    £    £    £   
COST
At 1 January 2023 96,875 180,535 17,017 294,427
Additions 254 46,082 - 46,336
Disposals - (29,000 ) - (29,000 )
At 31 December 2023 97,129 197,617 17,017 311,763
DEPRECIATION
At 1 January 2023 70,330 125,837 12,817 208,984
Charge for year 5,360 22,378 840 28,578
Eliminated on disposal - (27,411 ) - (27,411 )
At 31 December 2023 75,690 120,804 13,657 210,151
NET BOOK VALUE
At 31 December 2023 21,439 76,813 3,360 101,612
At 31 December 2022 26,545 54,698 4,200 85,443

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023
and 31 December 2023 60,825
DEPRECIATION
At 1 January 2023 27,326
Charge for year 8,375
At 31 December 2023 35,701
NET BOOK VALUE
At 31 December 2023 25,124
At 31 December 2022 33,499

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 40,000 51,076
Other debtors 10,000 10,000
Director's loan account 592 -
VAT - 5,022
Prepayments 8,429 5,780
59,021 71,878

MAC BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04304622)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 30,041 5,821
Trade creditors 35,635 36,893
Taxation and social security 50,218 14,309
Other creditors 7,558 4,771
123,452 61,794

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts - 30,041

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 30,041 35,862

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 7,544 3,722

Deferred
tax
£   
Balance at 1 January 2023 3,722
Charge to Statement of Income and Retained Earnings during year 3,822
Balance at 31 December 2023 7,544

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary A £1 100 100
1 Ordinary B £1 1 1
101 101

Ordinary 'B' shares are non-voting shares.

MAC BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04304622)

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

12. TRANSACTIONS WITH DIRECTOR

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
T S Macdonald
Balance outstanding at start of year - -
Amounts advanced 41,192 -
Amounts repaid (40,600 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 592 -