Registered number
10455181
MCL Digital Media Solutions Ltd
Unaudited Filleted Accounts
30 November 2023
MCL Digital Media Solutions Ltd
Registered number: 10455181
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 188 251
Current assets
Debtors 4 - 2,044
Cash at bank and in hand 3,392 3,505
3,392 5,549
Creditors: amounts falling due within one year 5 (4,197) (1,066)
Net current (liabilities)/assets (805) 4,483
Net (liabilities)/assets (617) 4,734
Capital and reserves
Called up share capital 10 10
Profit and loss account (627) 4,724
Shareholders' funds (617) 4,734
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Cookson
Director
Approved by the board on 30 August 2024
MCL Digital Media Solutions Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 1,189
At 30 November 2023 1,189
Depreciation
At 1 December 2022 938
Charge for the year 63
At 30 November 2023 1,001
Net book value
At 30 November 2023 188
At 30 November 2022 251
4 Debtors 2023 2022
£ £
Other debtors - 2,044
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 360 566
Other creditors 3,837 500
4,197 1,066
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
M Cookson
Loan 7,848 - (4,911) 2,937
7,848 - (4,911) 2,937
7 Other information
MCL Digital Media Solutions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
58 Falconers Green
Westbrook
Warrington
Cheshire
WA5 7XD
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