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REGISTERED NUMBER: 10174849 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Mack Flat Roof Systems Ltd

Mack Flat Roof Systems Ltd (Registered number: 10174849)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mack Flat Roof Systems Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr D Mack
Mrs Y Mack





SECRETARY: Mrs Y Mack





REGISTERED OFFICE: 295/297 Church Street
Blackpool
Lancashire
FY1 3PJ





BUSINESS ADDRESS: Myrtle Bank Cottage
Hambleton
Poulton Le Fylde
Lancashire
FY6 9AS





REGISTERED NUMBER: 10174849 (England and Wales)





ACCOUNTANTS: CCW Limited
Chartered Accountants
295/297 Church Street
Blackpool
Lancashire
FY1 3PJ

Mack Flat Roof Systems Ltd (Registered number: 10174849)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,000 3,000
Tangible assets 5 18,027 23,299
20,027 26,299

CURRENT ASSETS
Stocks 200 13,820
Debtors 6 12,994 4,743
Cash at bank 8,149 4,768
21,343 23,331
CREDITORS
Amounts falling due within one year 7 18,753 21,897
NET CURRENT ASSETS 2,590 1,434
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,617

27,733

CREDITORS
Amounts falling due after more than one
year

8

(14,965

)

(17,728

)

PROVISIONS FOR LIABILITIES (3,425 ) (4,426 )
NET ASSETS 4,227 5,579

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,127 5,479
4,227 5,579

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Mack Flat Roof Systems Ltd (Registered number: 10174849)

Balance Sheet - continued
31 May 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:




Mr D Mack - Director



Mrs Y Mack - Director


Mack Flat Roof Systems Ltd (Registered number: 10174849)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Mack Flat Roof Systems Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Mack Flat Roof Systems Ltd (Registered number: 10174849)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 10,000
AMORTISATION
At 1 June 2023 7,000
Amortisation for year 1,000
At 31 May 2024 8,000
NET BOOK VALUE
At 31 May 2024 2,000
At 31 May 2023 3,000

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2023 5,779 52,022 57,801
Additions 1,790 - 1,790
Disposals (3,211 ) - (3,211 )
At 31 May 2024 4,358 52,022 56,380
DEPRECIATION
At 1 June 2023 3,003 31,499 34,502
Charge for year 464 5,131 5,595
Eliminated on disposal (1,744 ) - (1,744 )
At 31 May 2024 1,723 36,630 38,353
NET BOOK VALUE
At 31 May 2024 2,635 15,392 18,027
At 31 May 2023 2,776 20,523 23,299

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 8,388 890
Other debtors 1,398 1,864
Prepayments 3,208 1,989
12,994 4,743

Mack Flat Roof Systems Ltd (Registered number: 10174849)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 2,763 2,763
Trade creditors 3,847 7,090
Tax 6,580 8,386
Social security and other taxes 1,363 1,581
Directors' loan accounts 2,292 148
Accrued expenses 1,908 1,929
18,753 21,897

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans - 1-2 years 2,763 2,763
Bank loans - 2-5 years 8,288 8,288
Bank loans more 5 yr by instal 3,914 6,677
14,965 17,728

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,914 6,677