Acorah Software Products - Accounts Production 15.0.500 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 10460219 Mr Terry Murray Mr Duncan Murray iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10460219 2022-11-30 10460219 2023-11-30 10460219 2022-12-01 2023-11-30 10460219 frs-core:CurrentFinancialInstruments 2023-11-30 10460219 frs-core:Non-currentFinancialInstruments 2023-11-30 10460219 frs-core:ComputerEquipment 2023-11-30 10460219 frs-core:ComputerEquipment 2022-12-01 2023-11-30 10460219 frs-core:ComputerEquipment 2022-11-30 10460219 frs-core:MotorVehicles 2023-11-30 10460219 frs-core:MotorVehicles 2022-12-01 2023-11-30 10460219 frs-core:MotorVehicles 2022-11-30 10460219 frs-core:PlantMachinery 2023-11-30 10460219 frs-core:PlantMachinery 2022-12-01 2023-11-30 10460219 frs-core:PlantMachinery 2022-11-30 10460219 frs-core:ShareCapital 2023-11-30 10460219 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 10460219 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10460219 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 10460219 frs-bus:SmallEntities 2022-12-01 2023-11-30 10460219 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 10460219 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 10460219 frs-bus:Director1 2022-12-01 2023-11-30 10460219 frs-bus:Director2 2022-12-01 2023-11-30 10460219 frs-countries:EnglandWales 2022-12-01 2023-11-30 10460219 2021-11-30 10460219 2022-11-30 10460219 2021-12-01 2022-11-30 10460219 frs-core:CurrentFinancialInstruments 2022-11-30 10460219 frs-core:Non-currentFinancialInstruments 2022-11-30 10460219 frs-core:ShareCapital 2022-11-30 10460219 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 10460219
MCSL Contracts Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Goodwin & Laurie Ltd
Office 6
Dinnington Business Centre
Outgang Lane, Dinnington
South Yorkshire
S25 3QX
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10460219
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 33,343 22,992
33,343 22,992
CURRENT ASSETS
Stocks 5 39,245 82,519
Debtors 6 251,728 230,692
Cash at bank and in hand 9,099 1,303
300,072 314,514
Creditors: Amounts Falling Due Within One Year 7 (297,350 ) (284,302 )
NET CURRENT ASSETS (LIABILITIES) 2,722 30,212
TOTAL ASSETS LESS CURRENT LIABILITIES 36,065 53,204
Creditors: Amounts Falling Due After More Than One Year 8 (32,835 ) (38,373 )
NET ASSETS 3,230 14,831
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 3,130 14,731
SHAREHOLDERS' FUNDS 3,230 14,831
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Page 2
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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Terry Murray
Director
4th April 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
MCSL Contracts Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10460219 . The registered office is Office 6, Dinnington Business Centre, Outgang Lane, Dinnington, South Yorkshire, S25 3QX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% to 33%
Motor Vehicles 25%
Computer Equipment 25%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2022: 9)
9 9
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2022 35,593 36,739 1,878 74,210
Additions 125 21,340 - 21,465
As at 30 November 2023 35,718 58,079 1,878 95,675
Depreciation
As at 1 December 2022 23,517 27,231 470 51,218
Provided during the period 3,050 7,712 352 11,114
As at 30 November 2023 26,567 34,943 822 62,332
Net Book Value
As at 30 November 2023 9,151 23,136 1,056 33,343
As at 1 December 2022 12,076 9,508 1,408 22,992
5. Stocks
2023 2022
£ £
Stock and work in progress 39,245 82,519
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 116,323 94,924
Prepayments and accrued income 130,766 134,424
Net wages 4,639 1,344
251,728 230,692
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 82,225 40,852
Bank loans and overdrafts 30,682 49,382
Corporation tax 33,883 24,215
Other taxes and social security 10,242 7,518
VAT 37,690 64,026
Other creditors 2,900 2,235
Accruals and deferred income 69,991 94,991
Directors' loan accounts 29,737 1,083
297,350 284,302
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8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 32,835 38,373
32,835 38,373
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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