Company Registration No. 07439769 (England and Wales)
Mack Structures Ltd
Unaudited accounts
for the year ended 30 November 2023
Mack Structures Ltd
Unaudited accounts
Contents
Mack Structures Ltd
Company Information
for the year ended 30 November 2023
Company Number
07439769 (England and Wales)
Registered Office
16 Queensway
Sawston
Cambridge
Cambridgeshire
CB22 3DJ
England
Mack Structures Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
34,177
3,644
Cash at bank and in hand
4,428
4
Creditors: amounts falling due within one year
(52,075)
(50,096)
Net current assets
22,468
33,318
Total assets less current liabilities
56,645
36,962
Creditors: amounts falling due after more than one year
(50,787)
(32,417)
Called up share capital
1
1
Profit and loss account
5,857
4,544
Shareholders' funds
5,858
4,545
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 21 August 2024 and were signed on its behalf by
Daniel McKenzie
Director
Company Registration No. 07439769
Mack Structures Ltd
Notes to the Accounts
for the year ended 30 November 2023
Mack Structures Ltd is a private company, limited by shares, registered in England and Wales, registration number 07439769. The registered office is 16 Queensway, Sawston, Cambridge, Cambridgeshire, CB22 3DJ, 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.
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.
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 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
25% reducing balance
Motor vehicles
25% reducing balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Mack Structures Ltd
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 December 2022
7,195
24,068
31,263
Additions
12,675
29,250
41,925
At 30 November 2023
19,870
53,318
73,188
At 1 December 2022
6,456
21,163
27,619
Charge for the year
3,353
8,039
11,392
At 30 November 2023
9,809
29,202
39,011
At 30 November 2023
10,061
24,116
34,177
At 30 November 2022
739
2,905
3,644
Amounts falling due within one year
Trade debtors
57,491
65,436
Other debtors
12,624
17,974
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,833
6,552
Obligations under finance leases and hire purchase contracts
12,412
-
Taxes and social security
193
193
Other creditors
24,750
23,250
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
24,204
-
8
Average number of employees
During the year the average number of employees was 2 (2022: 1).