Company Registration No. 02742082 (England and Wales)
Macinnes Tooling Limited
Unaudited accounts
for the year ended 31 August 2024
Macinnes Tooling Limited
Unaudited accounts
Contents
Macinnes Tooling Limited
Company Information
for the year ended 31 August 2024
Directors
James Boyle
Audrey Boyle
Company Number
02742082 (England and Wales)
Registered Office
International House
46 The Priory Queensway
Birmingham
B4 7LR
United Kingdom
Accountants
DAVID ALEXANDER ROSEWEIR
24 Rickard Avenue
STRATHAVEN
UK
ML10 6GW
Macinnes Tooling Limited
Statement of financial position
as at 31 August 2024
Called up share capital not paid
(21)
(21)
Tangible assets
177,250
177,338
Cash at bank and in hand
454,934
358,848
Creditors: amounts falling due within one year
(114,107)
(65,767)
Net current assets
585,195
415,732
Total assets less current liabilities
762,424
593,049
Creditors: amounts falling due after more than one year
(12,357)
(10,547)
Net assets
750,067
582,502
Profit and loss account
750,067
582,502
Shareholders' funds
750,067
582,502
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by
James Boyle
Director
Company Registration No. 02742082
Macinnes Tooling Limited
Notes to the Accounts
for the year ended 31 August 2024
Macinnes Tooling Limited is a private company, limited by shares, registered in England and Wales, registration number 02742082. The registered office is International House, 46 The Priory Queensway, Birmingham, B4 7LR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Fixtures & fittings
15% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Macinnes Tooling Limited
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At valuation
At cost
At cost
At 1 September 2023
175,000
6,270
9,193
190,463
At 31 August 2024
175,262
6,270
9,193
190,725
At 1 September 2023
-
5,327
7,798
13,125
Charge for the year
-
141
209
350
At 31 August 2024
-
5,468
8,007
13,475
At 31 August 2024
175,262
802
1,186
177,250
At 31 August 2023
175,000
943
1,395
177,338
Amounts falling due within one year
Trade debtors
185,245
85,683
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
68,122
85,131
Taxes and social security
91,388
57,431
Proposed dividends
(68,500)
(101,000)
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
12,357
10,547
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).