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Company Registration No. 12392988 (England and Wales)
Mackard Services Ltd Unaudited accounts for the year ended 31 January 2024
Mackard Services Ltd Unaudited accounts Contents
Page
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Mackard Services Ltd Company Information for the year ended 31 January 2024
Directors
Lee James Brewster Naveed Imran Mughal
Company Number
12392988 (England and Wales)
Registered Office
C/O Accurox Limited Brown Europe House Gleaming Wood Drive Chatham ME5 8RZ England
Accountants
Accurox Limited 5 Strand Court Bath Road Cheltenham GL53 7LW
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Mackard Services Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,542 
11,969 
Current assets
Inventories
- 
5,000 
Debtors
804,301 
15,052 
Cash at bank and in hand
275,993 
98,712 
1,080,294 
118,764 
Creditors: amounts falling due within one year
(972,880)
(47,879)
Net current assets
107,414 
70,885 
Total assets less current liabilities
114,956 
82,854 
Creditors: amounts falling due after more than one year
(5,363)
(10,289)
Net assets
109,593 
72,565 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
109,592 
72,564 
Shareholders' funds
109,593 
72,565 
For the year ending 31 January 2024 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 12 August 2024 and were signed on its behalf by
Lee James Brewster Director Company Registration No. 12392988
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Mackard Services Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Mackard Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 12392988. The registered office is C/O Accurox Limited Brown Europe House, Gleaming Wood Drive, Chatham, ME5 8RZ, England.
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
These financial statements for the year ended 31 January 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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.
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:
Motor vehicles
25% SL
Computer equipment
25% SL
Deferred income
Deferred income refers to money that your company receives for goods or services that haven't been delivered to your customer. This might be because goods are in high demand, because you or your supplier needs a deposit to pay for materials, or because the service is provided on a subscription model.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Mackard Services Ltd Notes to the Accounts for the year ended 31 January 2024
Additional Notes
These accounts have been reviewed by the current board of directors in line with s. 17 CDDA agreements. Allowing Mr L Brewster to continue as a director under the arrangement.
Rendering of Services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
12,916 
12,499 
25,415 
Additions
- 
2,155 
2,155 
At 31 January 2024
12,916 
14,654 
27,570 
Depreciation
At 1 February 2023
4,305 
9,141 
13,446 
Charge for the year
3,229 
3,353 
6,582 
At 31 January 2024
7,534 
12,494 
20,028 
Net book value
At 31 January 2024
5,382 
2,160 
7,542 
At 31 January 2023
8,611 
3,358 
11,969 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
804,301 
15,052 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,304 
4,404 
VAT
84,773 
14,812 
Trade creditors
32,946 
(10,088)
Taxes and social security
87,793 
36,055 
Other creditors
(236)
- 
Loans from directors
- 
1,796 
Accruals
63,300 
900 
Deferred income
700,000 
- 
972,880 
47,879 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,363 
10,289 
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Mackard Services Ltd Notes to the Accounts for the year ended 31 January 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Lee James Brewster
Director's Loan
1,796 
(1,796)
- 
- 
1,796 
(1,796)
- 
- 
Company owed Mr. Lee Brewster £1796 as at 31.01.2023 which was paid during the year. No director Loan account to carry forward as at 31.01.2024.
10
Controlling party
Mr. Lee James Brewster is the ultimate controlling party for Mackard Services Ltd.
11
Average number of employees
During the year the average number of employees was 2 (2023: 3).
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