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REGISTERED NUMBER: 03473731 (England and Wales)







Financial Statements for the Year Ended 31 December 2023

for

MCM Architecture Ltd

MCM Architecture Ltd (Registered number: 03473731)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MCM Architecture Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J M Race
S E Hatcher
D Parmar
Ms S Pope-Ellis



REGISTERED OFFICE: 4th Floor
Great Suffolk Yard
131 Great Suffolk Street
London
SE1 1PP



REGISTERED NUMBER: 03473731 (England and Wales)



SENIOR STATUTORY AUDITOR: Matthew Dobbins FCA



AUDITORS: Dunkley's
Statutory Auditor
Chartered Accountants
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

MCM Architecture Ltd (Registered number: 03473731)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 61,243 38,302

CURRENT ASSETS
Debtors 5 1,278,039 1,262,211
Cash at bank and in hand 385,463 423,140
1,663,502 1,685,351
CREDITORS
Amounts falling due within one year 6 (648,883 ) (576,130 )
NET CURRENT ASSETS 1,014,619 1,109,221
TOTAL ASSETS LESS CURRENT LIABILITIES 1,075,862 1,147,523

CREDITORS
Amounts falling due after more than one year 7 (44,542 ) (134,694 )

PROVISIONS FOR LIABILITIES (11,636 ) (7,277 )
NET ASSETS 1,019,684 1,005,552

CAPITAL AND RESERVES
Called up share capital 9 315,000 315,000
Share premium 10 2,000 2,000
Capital redemption reserve 10 153,000 153,000
Retained earnings 10 549,684 535,552
SHAREHOLDERS' FUNDS 1,019,684 1,005,552

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 25 September 2024 and were signed on its behalf by:





J M Race - Director


MCM Architecture Ltd (Registered number: 03473731)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

MCM Architecture 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.

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
Fixtures and fittings - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit or loss on a straight line basis over the period of the lease. Some lease agreements hold an option to buy at the end of the lease. This option to buy is not determined until the lease is over and is assessed on an item by item basis. If the option to buy is exercised, the item will be capitalised and depreciated accordingly

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2022 - 43 ) .

MCM Architecture Ltd (Registered number: 03473731)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2023 210,849 24,986 235,835
Additions 16,189 24,808 40,997
Disposals (667 ) - (667 )
At 31 December 2023 226,371 49,794 276,165
DEPRECIATION
At 1 January 2023 180,846 16,687 197,533
Charge for year 14,616 2,986 17,602
Eliminated on disposal (213 ) - (213 )
At 31 December 2023 195,249 19,673 214,922
NET BOOK VALUE
At 31 December 2023 31,122 30,121 61,243
At 31 December 2022 30,003 8,299 38,302

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 889,083 1,062,875
Amounts owed by group undertakings - 72,185
Other debtors 221,375 40,800
Tax - 30,807
Prepayments 167,581 55,544
1,278,039 1,262,211

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 26,725 48,980
Trade creditors 174,474 95,972
Tax 1,245 2,307
Social security and other taxes 83,279 98,462
VAT 64,407 102,937
Other creditors 8,450 11,578
Accrued expenses 290,303 215,894
648,883 576,130

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 26,725 48,980
Bank loans - 2-5 years 17,817 85,714
44,542 134,694

MCM Architecture Ltd (Registered number: 03473731)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 337,661 194,333
Between one and five years 929,260 23,888
In more than five years 1,333,827 -
2,600,748 218,221

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
315,000 Ordinary £1 315,000 315,000

10. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 January 2023 535,552 2,000 153,000 690,552
Profit for the year 14,132 14,132
At 31 December 2023 549,684 2,000 153,000 704,684

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matthew Dobbins FCA (Senior Statutory Auditor)
for and on behalf of Dunkley's

12. CONTINGENT LIABILITIES

MCM Architecture Ltd made a provision of £91,823 against a trade creditor.

There is an ongoing dispute with one of its suppliers and at the date of signing the report the directors are uncertain on the exact value. However, there is a reasonable possibility that there will be an outflow.

13. RELATED PARTY DISCLOSURES

There is an intercompany debtor balance as at 31 December 2023 with Cadfluence Ltd of £nil (2022 - £72,185).

14. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.