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Company Registration No. 04834491 (England and Wales)
MC Lead Glaziers Limited Unaudited accounts for the year ended 30 November 2023
MC Lead Glaziers Limited Unaudited accounts Contents
Page
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MC Lead Glaziers Limited Company Information for the year ended 30 November 2023
Director
P M Campling
Company Number
04834491 (England and Wales)
Registered Office
Unit 2 251 Holt Road Horsford Norwich Norfolk NR10 3EB
Accountants
Mrs A C Howell 13 Ipswich Grove Norwich Norfolk NR2 2LU
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MC Lead Glaziers Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
128,585 
140,901 
Tangible assets
25,620 
31,910 
154,205 
172,811 
Current assets
Inventories
1,463 
500 
Debtors
34,851 
39,025 
Cash at bank and in hand
51,778 
142,872 
88,092 
182,397 
Creditors: amounts falling due within one year
(138,828)
(174,707)
Net current (liabilities)/assets
(50,736)
7,690 
Total assets less current liabilities
103,469 
180,501 
Creditors: amounts falling due after more than one year
(14,598)
(24,300)
Provisions for liabilities
Deferred tax
(4,868)
(5,276)
Net assets
84,003 
150,925 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
84,002 
150,924 
Shareholders' funds
84,003 
150,925 
For the year ending 30 November 2023 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 director acknowledges his 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 and authorised for issue on 15 August 2024 and were signed on its behalf by
P M Campling Director Company Registration No. 04834491
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MC Lead Glaziers Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
MC Lead Glaziers Limited is a private company, limited by shares, registered in England and Wales, registration number 04834491. The registered office is Unit 2 251 Holt Road, Horsford, Norwich, Norfolk, NR10 3EB.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Stock
Stock has been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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MC Lead Glaziers Limited Notes to the Accounts for the year ended 30 November 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 December 2022
246,313 
At 30 November 2023
246,313 
Amortisation
At 1 December 2022
105,412 
Charge for the year
12,316 
At 30 November 2023
117,728 
Net book value
At 30 November 2023
128,585 
At 30 November 2022
140,901 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
83,170 
46,234 
129,404 
Additions
242 
- 
242 
At 30 November 2023
83,412 
46,234 
129,646 
Depreciation
At 1 December 2022
65,752 
31,742 
97,494 
Charge for the year
2,908 
3,624 
6,532 
At 30 November 2023
68,660 
35,366 
104,026 
Net book value
At 30 November 2023
14,752 
10,868 
25,620 
At 30 November 2022
17,418 
14,492 
31,910 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
2,319 
- 
Trade debtors
25,012 
24,080 
Accrued income and prepayments
6,369 
11,023 
Other debtors
1,151 
3,922 
34,851 
39,025 
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MC Lead Glaziers Limited Notes to the Accounts for the year ended 30 November 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,648 
10,648 
VAT
- 
13,367 
Trade creditors
1,969 
2,148 
Taxes and social security
(6,065)
6,065 
Loans from directors
130,682 
138,889 
Accruals
1,594 
3,590 
138,828 
174,707 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
14,598 
24,300 
9
Transactions with related parties
The director provided the company with an unsecured interest free loan on balances outstanding at the year end. At the year end this amounted to £130,682 (2022: £138,889)
10
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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