IRIS Accounts Production v24.1.9.2 06220931 Board of Directors 1.5.23 30.4.24 30.4.24 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh062209312023-04-30062209312024-04-30062209312023-05-012024-04-30062209312022-04-30062209312022-05-012023-04-30062209312023-04-3006220931ns15:EnglandWales2023-05-012024-04-3006220931ns14:PoundSterling2023-05-012024-04-3006220931ns10:Director12023-05-012024-04-3006220931ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3006220931ns10:SmallEntities2023-05-012024-04-3006220931ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3006220931ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3006220931ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3006220931ns10:FullAccounts2023-05-012024-04-3006220931ns10:Director22023-05-012024-04-3006220931ns10:CompanySecretary12023-05-012024-04-3006220931ns10:RegisteredOffice2023-05-012024-04-3006220931ns5:CurrentFinancialInstruments2024-04-3006220931ns5:CurrentFinancialInstruments2023-04-3006220931ns5:Non-currentFinancialInstruments2024-04-3006220931ns5:Non-currentFinancialInstruments2023-04-3006220931ns5:ShareCapital2024-04-3006220931ns5:ShareCapital2023-04-3006220931ns5:RetainedEarningsAccumulatedLosses2024-04-3006220931ns5:RetainedEarningsAccumulatedLosses2023-04-3006220931ns5:PlantMachinery2023-04-3006220931ns5:PlantMachinery2023-05-012024-04-3006220931ns5:PlantMachinery2024-04-3006220931ns5:PlantMachinery2023-04-3006220931ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3006220931ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3006220931ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-04-3006220931ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-04-30
REGISTERED NUMBER: 06220931 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

M.E.C. 2001 LTD

M.E.C. 2001 LTD (REGISTERED NUMBER: 06220931)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M.E.C. 2001 LTD

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: I Jackson
P J Wise





SECRETARY: I Jackson





REGISTERED OFFICE: 19 North Street
Ashford
Kent
TN24 8LF





REGISTERED NUMBER: 06220931 (England and Wales)





ACCOUNTANTS: Calcutt Matthews WBZ Ltd
19 North Street
Ashford
Kent
TN24 8LF

M.E.C. 2001 LTD (REGISTERED NUMBER: 06220931)

BALANCE SHEET
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,608 3,259

CURRENT ASSETS
Debtors 5 43,243 57,306
Cash at bank 29,364 35,883
72,607 93,189
CREDITORS
Amounts falling due within one year 6 16,728 24,613
NET CURRENT ASSETS 55,879 68,576
TOTAL ASSETS LESS CURRENT LIABILITIES 58,487 71,835

CREDITORS
Amounts falling due after more than one
year

7

6,007

10,990
NET ASSETS 52,480 60,845

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 52,478 60,843
52,480 60,845

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

M.E.C. 2001 LTD (REGISTERED NUMBER: 06220931)

BALANCE SHEET - continued
30 April 2024


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 Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





I Jackson - Director


M.E.C. 2001 LTD (REGISTERED NUMBER: 06220931)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

M.E.C. 2001 Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2023 - NIL ) .

M.E.C. 2001 LTD (REGISTERED NUMBER: 06220931)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 18,383
DEPRECIATION
At 1 May 2023 15,124
Charge for year 651
At 30 April 2024 15,775
NET BOOK VALUE
At 30 April 2024 2,608
At 30 April 2023 3,259

5. DEBTORS
30.4.24 30.4.23
£    £   
Amounts falling due within one year:
Trade debtors 37,329 47,608
Other debtors - 9,698
37,329 57,306

Amounts falling due after more than one year:
Other debtors 5,914 -

Aggregate amounts 43,243 57,306

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 4,777 4,777
Trade creditors 10,331 4,351
Taxation and social security 1,971 12,485
Other creditors (351 ) 3,000
16,728 24,613

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 6,007 10,990

M.E.C. 2001 LTD (REGISTERED NUMBER: 06220931)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024


8. GOING CONCERN

The directors are planning to close the company in 2025 and will dispose of the company on a break up basis. the assets wil be sold by the company and all remaining liabilities will be settled in the latter half of 2024.