Acorah Software Products - Accounts Production 15.0.600 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 12627631 Mr L K Mack Mrs E Mack iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12627631 2023-05-31 12627631 2024-05-31 12627631 2023-06-01 2024-05-31 12627631 frs-core:CurrentFinancialInstruments 2024-05-31 12627631 frs-core:ComputerEquipment 2024-05-31 12627631 frs-core:ComputerEquipment 2023-06-01 2024-05-31 12627631 frs-core:ComputerEquipment 2023-05-31 12627631 frs-core:FurnitureFittings 2024-05-31 12627631 frs-core:FurnitureFittings 2023-06-01 2024-05-31 12627631 frs-core:FurnitureFittings 2023-05-31 12627631 frs-core:MotorVehicles 2024-05-31 12627631 frs-core:MotorVehicles 2023-06-01 2024-05-31 12627631 frs-core:MotorVehicles 2023-05-31 12627631 frs-core:PlantMachinery 2024-05-31 12627631 frs-core:PlantMachinery 2023-06-01 2024-05-31 12627631 frs-core:PlantMachinery 2023-05-31 12627631 frs-core:ShareCapital 2024-05-31 12627631 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 12627631 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12627631 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 12627631 frs-bus:SmallEntities 2023-06-01 2024-05-31 12627631 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12627631 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 12627631 frs-bus:Director1 2023-06-01 2024-05-31 12627631 frs-bus:Director1 2023-05-31 12627631 frs-bus:Director1 2024-05-31 12627631 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 12627631 frs-countries:EnglandWales 2023-06-01 2024-05-31 12627631 2022-05-31 12627631 2023-05-31 12627631 2022-06-01 2023-05-31 12627631 frs-core:CurrentFinancialInstruments 2023-05-31 12627631 frs-core:ShareCapital 2023-05-31 12627631 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 12627631
Mack3 Engineering Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
WAC (Whale & Company) Limited
Chartered Accountants & Business Advisors
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12627631
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 81,175 1,962
81,175 1,962
CURRENT ASSETS
Stocks 5 4,380 5,093
Debtors 6 37,275 44,530
Cash at bank and in hand 168,053 27,606
209,708 77,229
Creditors: Amounts Falling Due Within One Year 7 (145,817 ) (42,583 )
NET CURRENT ASSETS (LIABILITIES) 63,891 34,646
TOTAL ASSETS LESS CURRENT LIABILITIES 145,066 36,608
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (17,475 ) -
NET ASSETS 127,591 36,608
CAPITAL AND RESERVES
Called up share capital 9 100 1
Profit and Loss Account 127,491 36,607
SHAREHOLDERS' FUNDS 127,591 36,608
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr L K Mack
Director
25th September 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mack3 Engineering Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12627631 . The registered office is 95 Darklands Road, Swadlincote, Derbyshire, DE11 0PQ. 
These financial statements are prepared in GBP (£), which is the functional currency of the business.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable,for the provision of services in the ordinary course of the comapny's activities. It is stated net of discounts returns, rebates and value added taxes. The company recognises turnover when the amount can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.  Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on a straightline basis over:
Plant & Machinery 3 to 5 years
Motor Vehicles 3 to 5 years
Fixtures & Fittings 3 to 5 years
Computer Equipment 3 to 5 years
2.5. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Financial Instruments
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly  liquid investments that are readily convertible to a known amount of cash and are subject to an  insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of  business. Trade debtors are recognised initially at the transaction price. They are subsequently  measured at amortised cost using the effective interest method, less provision for impairment. A  provision for the impairment of trade debtors is established when there is objective evidence that  the company will not be able to collect all amounts due according to the original terms of the  receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the  ordinary course of business from suppliers. Accounts payable are classified as current liabilities  if the company does not have an unconditional right, at the end of the reporting period, to defer  settlement of the creditor for at least twelve months after the reporting date. If there is an  unconditional right to defer settlement for at least twelve months after the reporting date, they  are presented as non current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Page 3
Page 4
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
 Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2023 - - - 2,091 2,091
Additions 17,678 55,925 13,037 7,213 93,853
Disposals - (10,600 ) - (1,049 ) (11,649 )
As at 31 May 2024 17,678 45,325 13,037 8,255 84,295
Depreciation
As at 1 June 2023 - - - 129 129
Provided during the period 366 2,816 1,012 1,426 5,620
Disposals - (2,061 ) - (568 ) (2,629 )
As at 31 May 2024 366 755 1,012 987 3,120
Net Book Value
As at 31 May 2024 17,312 44,570 12,025 7,268 81,175
As at 1 June 2023 - - - 1,962 1,962
5. Stocks
2024 2023
£ £
Stock 4,380 5,093
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 20,473 30,276
Prepayments and accrued income 344 896
Other debtors 16,458 13,358
37,275 44,530
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 83,296 29,447
Corporation tax 35,000 7,950
Other taxes and social security 23,919 -
VAT - 4,281
Net wages 1,649 -
Accruals and deferred income 1,953 905
145,817 42,583
8. Deferred Taxation
The provision for deferred tax arises from accelerated capital allowances:
2024 2023
£ £
Other timing differences 17,475 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 1
During the year the company made a scrip issue of 99 £1.00 shares by capitalising some of its reserves.
10. Directors Advances, Credits and Guarantees
Included within debtors is the following loan to a director, which is unsecured, interest free and repayable on demand.
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mr Lloyd Mack 13,358 1,489 13,358 - 1,489
The loan has been repaid since the end of the financial year.
11. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 56,000 -
Page 5
Page 6
12. Transition to FRS 102
The company has transitioned to FRS102 s1A from FRS105 without any amendment to the opening balances.  The value of taxation deferred due to accelerated capital allowances on the opening position was considered to be immaterial.
Page 6