MCS WASTE GROUP LIMITED

Company Registration Number:
15061744 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 10 August 2023

End date: 31 July 2024

MCS WASTE GROUP LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

MCS WASTE GROUP LIMITED

Directors' report period ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Principal activities of the company

The principal activity of the company was waste management services.



Directors

The directors shown below have held office during the whole of the period from
10 August 2023 to 31 July 2024

Giuseppe Catalanotto
Niamh


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
17 August 2024

And signed on behalf of the board by:
Name: Giuseppe Catalanotto
Status: Director

MCS WASTE GROUP LIMITED

Profit And Loss Account

for the Period Ended 31 July 2024

2024


£
Turnover: 261,312
Cost of sales: ( 168,246 )
Gross profit(or loss): 93,066
Administrative expenses: ( 38,775 )
Operating profit(or loss): 54,291
Profit(or loss) before tax: 54,291
Tax: ( 12,394 )
Profit(or loss) for the financial year: 41,897

MCS WASTE GROUP LIMITED

Balance sheet

As at 31 July 2024

Notes 2024


£
Current assets
Debtors: 3 64,075
Cash at bank and in hand: 46,396
Total current assets: 110,471
Creditors: amounts falling due within one year: 4 ( 68,554 )
Net current assets (liabilities): 41,917
Total assets less current liabilities: 41,917
Total net assets (liabilities): 41,917
Capital and reserves
Called up share capital: 20
Profit and loss account: 41,897
Total Shareholders' funds: 41,917

The notes form part of these financial statements

MCS WASTE GROUP LIMITED

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 17 August 2024
and signed on behalf of the board by:

Name: Giuseppe Catalanotto
Status: Director

The notes form part of these financial statements

MCS WASTE GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

    Other accounting policies

    DebtorsShort term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using effective interest method, less any impairment losses for bad and doubtful debts.CreditorsShort term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.TaxationA current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that they are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

MCS WASTE GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024
    Average number of employees during the period 2

MCS WASTE GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Debtors

2024
£
Trade debtors 64,075
Total 64,075

MCS WASTE GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Creditors: amounts falling due within one year note

2024
£
Trade creditors 1,800
Taxation and social security 29,458
Other creditors 37,296
Total 68,554

Director's current account of £37,296 is shown as other creditors