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REGISTERED NUMBER: 14712014 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

7TH MARCH 2023 TO 31ST JANUARY 2024

FOR

MEC HOLDINGS LIMITED

MEC HOLDINGS LIMITED (REGISTERED NUMBER: 14712014)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 7TH MARCH 2023 TO 31ST JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MEC HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 7TH MARCH 2023 TO 31ST JANUARY 2024







DIRECTOR: L G Wood





REGISTERED OFFICE: Old Halls Barn Brows Farm Business Park
Farnham Road
Liss
Hampshire
GU33 6JG





REGISTERED NUMBER: 14712014 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

MEC HOLDINGS LIMITED (REGISTERED NUMBER: 14712014)

BALANCE SHEET
31ST JANUARY 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 130,499
Tangible assets 5 130,141
Investments 6 200
260,840

CURRENT ASSETS
Debtors 7 44,492
Investments 8 548,129
Cash at bank 30,189
622,810
CREDITORS
Amounts falling due within one year 9 14,043
NET CURRENT ASSETS 608,767
TOTAL ASSETS LESS CURRENT
LIABILITIES

869,607

PROVISIONS FOR LIABILITIES 10 411
NET ASSETS 869,196

CAPITAL AND RESERVES
Called up share capital 11 200
Retained earnings 868,996
SHAREHOLDERS' FUNDS 869,196

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

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

The director acknowledges his 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.

MEC HOLDINGS LIMITED (REGISTERED NUMBER: 14712014)

BALANCE SHEET - continued
31ST JANUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11th September 2024 and were signed by:





L G Wood - Director


MEC HOLDINGS LIMITED (REGISTERED NUMBER: 14712014)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 7TH MARCH 2023 TO 31ST JANUARY 2024


1. STATUTORY INFORMATION

MEC Holdings Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about MEC 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.

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 2023, 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.

Other intangibles are being amortised evenly over their estimated useful life of five years.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


MEC HOLDINGS LIMITED (REGISTERED NUMBER: 14712014)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 7TH MARCH 2023 TO 31ST JANUARY 2024


2. ACCOUNTING POLICIES - continued
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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
Additions 144,995 5 145,000
At 31st January 2024 144,995 5 145,000
AMORTISATION
Charge for period 14,500 1 14,501
At 31st January 2024 14,500 1 14,501
NET BOOK VALUE
At 31st January 2024 130,495 4 130,499

MEC HOLDINGS LIMITED (REGISTERED NUMBER: 14712014)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 7TH MARCH 2023 TO 31ST JANUARY 2024


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
Additions 61,113 106,074 320 167,507
At 31st January 2024 61,113 106,074 320 167,507
DEPRECIATION
Charge for period 10,741 26,519 106 37,366
At 31st January 2024 10,741 26,519 106 37,366
NET BOOK VALUE
At 31st January 2024 50,372 79,555 214 130,141

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 200
At 31st January 2024 200
NET BOOK VALUE
At 31st January 2024 200

The company's investments at the Balance Sheet date in the share capital of companies include the following:

L G Wood Ltd
Registered office: Old Halls Barn, Brows Farm Business Park, Farnham Road, Liss GU33 6JG
Nature of business: Construction of water projects
%
Class of shares: holding
Ordinary 100.00
2024
£   
Aggregate capital and reserves 242,580
Profit for the period 336,237

L G Wood Digital Limited
Registered office: Old Halls Barn,Brows Business Park, Farnham Road, Liss GU33 6JG
Nature of business: Construction of water projects
%
Class of shares: holding
Ordinary 100.00

L G Wood Digital Limited was dormant at 31 January 2024.

MEC HOLDINGS LIMITED (REGISTERED NUMBER: 14712014)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 7TH MARCH 2023 TO 31ST JANUARY 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 42,474
Amounts owed by group undertakings 1,117
Other debtors 901
44,492

8. CURRENT ASSET INVESTMENTS
£   
Other 548,129

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 2,991
Taxation and social security 4,152
Other creditors 6,900
14,043

10. PROVISIONS FOR LIABILITIES
£   
Deferred tax 411

Deferred
tax
£   
Deferred tax 411
Balance at 31st January 2024 411

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
90 Ordinary £1 90
90 Ordinary A £1 90
20 Ordinary B £1 20
200

The following shares were allotted and fully paid for cash at par during the period:

90 Ordinary shares of £1 each
90 Ordinary A shares of £1 each
20 Ordinary B shares of £1 each

MEC HOLDINGS LIMITED (REGISTERED NUMBER: 14712014)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 7TH MARCH 2023 TO 31ST JANUARY 2024


12. OTHER FINANCIAL COMMITMENTS

Future commitments for operating leases ending withing twelve months total £1,245.

13. RELATED PARTY DISCLOSURES

All transactions were conducted on an arms-length basis. At the year end £1,117, being an amount material to the understanding of the financial statements was due to group companies.

At 31 January 2024 shareholder loans to the Company total £3,211. No interest was charged to the Company on these loans. The loans are repayable on demand.

14. ULTIMATE CONTROLLING PARTY

MEC Holdings Limited has no ultimate controlling party. A number of shareholders can combine to hold a controlling interest.