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MC2 Trading Ltd

Registered Number
10281012
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

MC2 Trading Ltd
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

D Chennells
M G Chennells

Registered Address

Parkhill House Scarle Lane
Eagle
Lincoln
LN6 9FT

Registered Number

10281012 (England and Wales)
MC2 Trading Ltd
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Current assets
Debtors325,00429,848
Cash at bank and on hand7745,603
25,77835,451
Creditors amounts falling due within one year4(11,290)(10,356)
Net current assets (liabilities)14,48825,095
Total assets less current liabilities14,48825,095
Creditors amounts falling due after one year5(13,094)(21,508)
Net assets1,3943,587
Capital and reserves
Called up share capital11
Profit and loss account1,3933,586
Shareholders' funds1,3943,587
The financial statements were approved and authorised for issue by the Board of Directors on 29 August 2024, and are signed on its behalf by:
M G Chennells
Director
Registered Company No. 10281012
MC2 Trading Ltd
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2.Average number of employees

20232022
Average number of employees during the year00
3.Debtors: amounts due within one year

2023

2022

££
Amounts owed by group undertakings24,64829,648
Other debtors356200
Total25,00429,848
4.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables934-
Bank borrowings and overdrafts8,9008,900
Accrued liabilities and deferred income1,4561,456
Total11,29010,356
5.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts13,09421,508
Total13,09421,508
6.Related party transactions
A loan exists between the company and its parent. At the year end the balance due from MC2 London Ltd was £24,648 (2022 - £29,648).