Company Registration No. 08612170 (England and Wales)
M.C.S. Data Holdings Limited
Unaudited accounts
for the year ended 31 March 2024
M.C.S. Data Holdings Limited
Unaudited accounts
Contents
M.C.S. Data Holdings Limited
Company Information
for the year ended 31 March 2024
Directors
Mrs L Carr
Mr S Smith
Company Number
08612170 (England and Wales)
Registered Office
144 OVERWOODS ROAD
HOCKLEY
TAMWORTH
B77 5NF
Accountants
Reconcile Accountants
59 Nicholas Road
Streetly
Sutton Coldfield
West Midlands
B74 3QR
M.C.S. Data Holdings Limited
Statement of financial position
as at 31 March 2024
Investment property
210,230
210,230
Cash at bank and in hand
1,047
7,110
Creditors: amounts falling due within one year
(79,493)
(83,659)
Net current liabilities
(74,446)
(72,549)
Total assets less current liabilities
135,884
137,781
Creditors: amounts falling due after more than one year
(130,521)
(134,228)
Called up share capital
100
100
Profit and loss account
5,263
3,453
Shareholders' funds
5,363
3,553
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
Mrs L Carr
Director
Company Registration No. 08612170
M.C.S. Data Holdings Limited
Notes to the Accounts
for the year ended 31 March 2024
M.C.S. Data Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 08612170. The registered office is 144 OVERWOODS ROAD, HOCKLEY, TAMWORTH, 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.
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.
Preparation of consolidated financial statements
The financial statements contain information about M.C.S. Data Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.
Investment property is included at most recent valuation. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 April 2023
210,230
The directors consider that the properties are valued at fair value.
5
Investments
Subsidiary undertakings
Valuation at 1 April 2023
100
Valuation at 31 March 2024
100
M.C.S. Data Holdings Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,612
3,402
Amounts owed to group undertakings and other participating interests
67,160
71,060
Taxes and social security
424
900
Loans from directors
7,877
7,877
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
130,521
134,228
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).