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Company Registration No. 05270467 (England and Wales)
M.C.S. DATA NETWORKS LIMITED Unaudited accounts for the year ended 31 March 2024
M.C.S. DATA NETWORKS LIMITED Unaudited accounts Contents
Page
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M.C.S. DATA NETWORKS LIMITED Company Information for the year ended 31 March 2024
Directors
Laura Carr Sam Smith
Company Number
05270467 (England and Wales)
Registered Office
144 OVERWOODS ROAD, HOCKLEY TAMWORTH STAFFORDSHIRE B77 5NF
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M.C.S. DATA NETWORKS LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
59,205 
57,474 
Current assets
Debtors
322,388 
323,088 
Cash at bank and in hand
10,955 
29,781 
333,343 
352,869 
Creditors: amounts falling due within one year
(168,173)
(168,405)
Net current assets
165,170 
184,464 
Total assets less current liabilities
224,375 
241,938 
Creditors: amounts falling due after more than one year
(85,869)
(92,078)
Provisions for liabilities
Deferred tax
(11,249)
(10,920)
Net assets
127,257 
138,940 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
127,157 
138,840 
Shareholders' funds
127,257 
138,940 
For the year ending 31 March 2024 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 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 of Directors and authorised for issue on 3 September 2024 and were signed on its behalf by
Laura Carr Director Company Registration No. 05270467
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M.C.S. DATA NETWORKS LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
M.C.S. DATA NETWORKS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05270467. The registered office is 144 OVERWOODS ROAD, HOCKLEY, TAMWORTH, STAFFORDSHIRE, B77 5NF.
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Plant & machinery
20% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
33.3% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
The company received Coronavirus Job Retention Scheme government grants during the year ended 31 March 2021. These grants are recognised at fair value when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the performance model.
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M.C.S. DATA NETWORKS LIMITED Notes to the Accounts for the year ended 31 March 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
2,538 
127,573 
21,311 
1,665 
153,087 
Additions
- 
25,000 
- 
- 
25,000 
Disposals
- 
(21,995)
- 
- 
(21,995)
At 31 March 2024
2,538 
130,578 
21,311 
1,665 
156,092 
Depreciation
At 1 April 2023
2,538 
70,801 
20,609 
1,665 
95,613 
Charge for the year
- 
22,567 
702 
- 
23,269 
On disposals
- 
(21,995)
- 
- 
(21,995)
At 31 March 2024
2,538 
71,373 
21,311 
1,665 
96,887 
Net book value
At 31 March 2024
- 
59,205 
- 
- 
59,205 
At 31 March 2023
- 
56,772 
702 
- 
57,474 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
255,228 
252,028 
Amounts due from group undertakings etc.
67,160 
71,060 
322,388 
323,088 
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M.C.S. DATA NETWORKS LIMITED Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,420 
6,420 
Obligations under finance leases and hire purchase contracts
21,741 
16,313 
Trade creditors
98,480 
60,812 
Taxes and social security
14,627 
69,049 
Other creditors
25,105 
14,011 
Accruals
1,800 
1,800 
168,173 
168,405 
Hire purchase liabilities are secured over the asset to which they relate.
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
28,341 
34,321 
Obligations under finance leases and hire purchase contracts
57,528 
57,757 
85,869 
92,078 
8
Average number of employees
During the year the average number of employees was 12 (2023: 9).
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