Company registration number 05438257 (England and Wales)
MC REFRIGERATION LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
MC REFRIGERATION LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
MC REFRIGERATION LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
611,835
462,631
Current assets
Stocks
50,000
30,000
Debtors
5
536,658
487,103
Cash at bank and in hand
430,655
241,266
1,017,313
758,369
Creditors: amounts falling due within one year
6
(366,851)
(268,109)
Net current assets
650,462
490,260
Total assets less current liabilities
1,262,297
952,891
Creditors: amounts falling due after more than one year
7
(145,493)
(147,643)
Provisions for liabilities
(152,958)
(115,657)
Net assets
963,846
689,591
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
963,746
689,491
Total equity
963,846
689,591

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

MC REFRIGERATION LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 6 September 2024
Mr M Carvell
Director
Company Registration No. 05438257
MC REFRIGERATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
1
Accounting policies
Company information

MC Refrigeration Limited is a private company limited by shares incorporated in England and Wales. The registered office is Thorpe House, 93 Headlands, Kettering, Northamptonshire, United Kingdom, NN15 6BL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.3
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% on reducing balance
Fixtures and fittings
25% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.5

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

MC REFRIGERATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
19
17
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 May 2023
267,824
42,980
732,392
1,043,196
Additions
94,847
-
0
207,577
302,424
Disposals
(128,412)
-
0
(156,918)
(285,330)
Transfers
90,617
5,600
(96,217)
-
0
At 30 April 2024
324,876
48,580
686,834
1,060,290
Depreciation and impairment
At 1 May 2023
169,510
22,206
388,849
580,565
Depreciation charged in the year
24,579
5,193
85,885
115,657
Eliminated in respect of disposals
(111,722)
-
0
(136,045)
(247,767)
Transfers
51,669
5,511
(57,180)
-
0
At 30 April 2024
134,036
32,910
281,509
448,455
Carrying amount
At 30 April 2024
190,840
15,670
405,325
611,835
At 30 April 2023
98,314
20,774
343,543
462,631

 

5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
485,529
451,891
Other debtors
29,118
14,737
Prepayments and accrued income
22,011
20,475
536,658
487,103
MC REFRIGERATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 5 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Obligations under finance leases
8
52,844
48,207
Trade creditors
154,573
152,622
Corporation tax
125,275
47,287
Other taxation and social security
24,909
11,243
Accruals and deferred income
9,250
8,750
366,851
268,109
7
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loans and overdrafts
60,000
90,000
Obligations under finance leases
8
59,347
30,692
Other creditors
26,146
26,951
145,493
147,643
8
Finance lease obligations
2024
2023
Future minimum lease payments due under finance leases:
£
£
112,191
78,899

The finance lease obligations are secured under normal commercial terms.

9
Other financial commitments

The company has operating lease commitments on land and buildings which expire within five years totalling £329,735.

10
Directors' transactions
Description
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
Loan
2.25
8,687
(8,687)
-
8,687
(8,687)
-
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