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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
Page
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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
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Macinnes Tooling Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
(21)
(21)
Fixed assets
Tangible assets
177,250 
177,338 
Current assets
Inventories
59,123 
33,182 
Debtors
185,245 
89,469 
Cash at bank and in hand
454,934 
358,848 
699,302 
481,499 
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 
Capital and reserves
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
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Macinnes Tooling Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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.
Pension costs
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.
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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 
Revaluations
262 
- 
- 
262 
At 31 August 2024
175,262 
6,270 
9,193 
190,725 
Depreciation
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 
Net book value
At 31 August 2024
175,262 
802 
1,186 
177,250 
At 31 August 2023
175,000 
943 
1,395 
177,338 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
185,245 
85,683 
Amounts falling due after more than one year
Other debtors
- 
3,786 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
17,197 
17,305 
Trade creditors
68,122 
85,131 
Taxes and social security
91,388 
57,431 
Proposed dividends
(68,500)
(101,000)
Accruals
5,900 
6,900 
114,107 
65,767 
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).
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