MAC UK TECHNICAL SERVICES LIMITED

Company Registration Number:
04950991 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

MAC UK TECHNICAL SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

MAC UK TECHNICAL SERVICES LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 4,558 9,534
Total fixed assets: 4,558 9,534
Current assets
Stocks: 128,686 182,050
Debtors:   224,441 161,194
Cash at bank and in hand: 191,016 133,957
Total current assets: 544,143 477,201
Creditors: amounts falling due within one year:   (190,733) (286,206)
Net current assets (liabilities): 353,410 190,995
Total assets less current liabilities: 357,968 200,529
Creditors: amounts falling due after more than one year:   0 (7,324)
Total net assets (liabilities): 357,968 193,205
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 357,868 193,105
Shareholders funds: 357,968 193,205

The notes form part of these financial statements

MAC UK TECHNICAL SERVICES LIMITED

Balance sheet statements

For the year ending 31 December 2023 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 06 August 2024
and signed on behalf of the board by:

Name: J Herter
Status: Director

The notes form part of these financial statements

MAC UK TECHNICAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

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 derived from the principal activity of the sale and maintenance of technical machinery.Turnover represents net invoiced sales of services rendered, excluding value added tax.In line with Financial Reporting Standard 102 income has been recognised when the company obtains the right to consideration in exchange for its performance.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.Plant and machinery etc - 25% on cost and 20% on reducing balance

Other accounting policies

StocksStocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.TaxationTaxation 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.Hire purchase and leasing commitmentsAssets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.Pension costs and other post-retirement benefitsThe 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.Going concernThe directors have considered the financial position of the company and believe it is well placed to manage its business risks successfully. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, thus they continue to adopt the going concern basis of preparation in preparing the financial statements.

MAC UK TECHNICAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 6 6

MAC UK TECHNICAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 91,353
Additions 3,186
At 31 December 2023 94,539
Depreciation
At 01 January 2023 81,819
Charge for year 8,162
At 31 December 2023 89,981
Net book value
At 31 December 2023 4,558
At 31 December 2022 9,534

Included in the fixed assets above are assets held under hire purchase agreements with a net book value of £nil; depreciation charged in the year on the assets was £7,501.

MAC UK TECHNICAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Related party transactions

The company is controlled by M R Farmer.