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
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
Mackard Services Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
7,542
11,969
Cash at bank and in hand
275,993
98,712
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)
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
Mackard Services Ltd
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
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 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.
Mackard Services Ltd
Notes to the Accounts
for the year ended 31 January 2024
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.
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
At 31 January 2024
12,916
14,654
27,570
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
At 31 January 2024
5,382
2,160
7,542
At 31 January 2023
8,611
3,358
11,969
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
Trade creditors
32,946
(10,088)
Taxes and social security
87,793
36,055
Loans from directors
-
1,796
7
Creditors: amounts falling due after more than one year
2024
2023
Mackard Services Ltd
Notes to the Accounts
for the year ended 31 January 2024
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan
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.
Mr. Lee James Brewster is the ultimate controlling party for Mackard Services Ltd.
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Average number of employees
During the year the average number of employees was 2 (2023: 3).