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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
Page
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MAC FUELS AND RETAIL LIMITED Company Information for the year ended 31 August 2023
Director
Makesh Kaul
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
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MAC FUELS AND RETAIL LIMITED Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,731 
610 
Current assets
Inventories
432,677 
223,553 
Debtors
99,248 
75,499 
Cash at bank and in hand
667,266 
486,389 
1,199,191 
785,441 
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 
Capital and reserves
Share premium
2 
2 
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
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MAC FUELS AND RETAIL LIMITED Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
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.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Fixtures & fittings
20%
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2022
2,630 
Additions
1,698 
At 31 August 2023
4,328 
Depreciation
At 1 September 2022
2,020 
Charge for the year
577 
At 31 August 2023
2,597 
Net book value
At 31 August 2023
1,731 
At 31 August 2022
610 
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MAC FUELS AND RETAIL LIMITED Notes to the Accounts for the year ended 31 August 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
96,580 
67,958 
Accrued income and prepayments
558 
558 
Other debtors
2,110 
6,983 
99,248 
75,499 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
613,655 
382,877 
Taxes and social security
222,194 
111,403 
Other creditors
- 
12,470 
Loans from directors
30,754 
2,617 
Accruals
18,730 
12,430 
885,333 
521,797 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
30,556 
40,685 
8
Average number of employees
During the year the average number of employees was 70 (2022: 70).
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