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REGISTERED NUMBER: SC724061 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Mc3 Consulting Ltd

Mc3 Consulting Ltd (Registered number: SC724061)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mc3 Consulting Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mrs L M Macfarlane McEwan





REGISTERED OFFICE: 3 Fodderty Way
Dingwall
IV15 9XB





REGISTERED NUMBER: SC724061 (Scotland)





ACCOUNTANTS: Mackay & Co CA
3 Fodderty Way
Dingwall
Ross-shire
IV15 9XB

Mc3 Consulting Ltd (Registered number: SC724061)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,000 8,000
Tangible assets 5 5,853 7,501
11,853 15,501

CURRENT ASSETS
Stocks 180 -
Debtors 6 1,233 1,409
Cash at bank 14,071 19,958
15,484 21,367
CREDITORS
Amounts falling due within one year 7 18,847 30,275
NET CURRENT LIABILITIES (3,363 ) (8,908 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,490

6,593

PROVISIONS FOR LIABILITIES 1,112 1,425
NET ASSETS 7,378 5,168

CAPITAL AND RESERVES
Called up share capital 3,100 3,100
Retained earnings 4,278 2,068
7,378 5,168

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Mc3 Consulting Ltd (Registered number: SC724061)

Balance Sheet - continued
29 February 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 director and authorised for issue on 2 September 2024 and were signed by:





Mrs L M Macfarlane McEwan - Director


Mc3 Consulting Ltd (Registered number: SC724061)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Mc3 Consulting Ltd is a private company, limited by shares , registered in Scotland. 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 2022, is being amortised evenly over its estimated useful life of five 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 etc - 25% on cost

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.


Mc3 Consulting Ltd (Registered number: SC724061)

Notes to the Financial Statements - continued
for the Year Ended 29 February 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 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 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 year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 10,000
AMORTISATION
At 1 March 2023 2,000
Charge for year 2,000
At 29 February 2024 4,000
NET BOOK VALUE
At 29 February 2024 6,000
At 28 February 2023 8,000

Mc3 Consulting Ltd (Registered number: SC724061)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 10,002
Additions 1,136
At 29 February 2024 11,138
DEPRECIATION
At 1 March 2023 2,501
Charge for year 2,784
At 29 February 2024 5,285
NET BOOK VALUE
At 29 February 2024 5,853
At 28 February 2023 7,501

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 952 1,409
Other debtors 281 -
1,233 1,409

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 66 -
Taxation and social security 3,283 3,767
Other creditors 15,498 26,508
18,847 30,275