Company Registration No. 10178593 (England and Wales)
MAC FUELS AND RETAIL LIMITED
Unaudited accounts
for the year ended 31 August 2023
MAC FUELS AND RETAIL LIMITED
Unaudited accounts
Contents
MAC FUELS AND RETAIL LIMITED
Company Information
for the year ended 31 August 2023
Company Number
10178593 (England and Wales)
Registered Office
209 The Heights
Northolt
Middlesex
UB5 4BX
United Kingdom
Accountants
IRTS Business Solutions Limited
209 The Heights
Northolt
Middlesex
UB5 4BX
MAC FUELS AND RETAIL LIMITED
Statement of financial position
as at 31 August 2023
Inventories
432,677
223,553
Cash at bank and in hand
667,266
486,389
Creditors: amounts falling due within one year
(885,333)
(521,797)
Net current assets
313,858
263,644
Total assets less current liabilities
315,589
264,254
Creditors: amounts falling due after more than one year
(30,556)
(40,685)
Net assets
285,033
223,569
Profit and loss account
285,031
223,567
Shareholders' funds
285,033
223,569
For the year ending 31 August 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 31 August 2024 and were signed on its behalf by
Makesh Kaul
Director
Company Registration No. 10178593
MAC FUELS AND RETAIL LIMITED
Notes to the Accounts
for the year ended 31 August 2023
MAC FUELS AND RETAIL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10178593. The registered office is 209 The Heights, Northolt, Middlesex, UB5 4BX, United Kingdom.
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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.
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:
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Tangible fixed assets
Plant & machinery
MAC FUELS AND RETAIL LIMITED
Notes to the Accounts
for the year ended 31 August 2023
Amounts falling due within one year
Trade debtors
96,580
67,958
Accrued income and prepayments
558
558
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
613,655
382,877
Taxes and social security
222,194
111,403
Loans from directors
30,754
2,617
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Creditors: amounts falling due after more than one year
2023
2022
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Average number of employees
During the year the average number of employees was 70 (2022: 70).