Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-312023-02-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity11falsetruefalse 13847429 2023-02-01 2024-07-31 13847429 2022-01-13 2023-01-31 13847429 2024-07-31 13847429 2023-01-31 13847429 c:Director1 2023-02-01 2024-07-31 13847429 d:OfficeEquipment 2023-02-01 2024-07-31 13847429 d:OfficeEquipment 2024-07-31 13847429 d:OfficeEquipment 2023-01-31 13847429 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-07-31 13847429 d:CurrentFinancialInstruments 2024-07-31 13847429 d:CurrentFinancialInstruments 2023-01-31 13847429 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 13847429 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13847429 d:ShareCapital 2024-07-31 13847429 d:ShareCapital 2023-01-31 13847429 d:RetainedEarningsAccumulatedLosses 2024-07-31 13847429 d:RetainedEarningsAccumulatedLosses 2023-01-31 13847429 c:FRS102 2023-02-01 2024-07-31 13847429 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-07-31 13847429 c:FullAccounts 2023-02-01 2024-07-31 13847429 c:PrivateLimitedCompanyLtd 2023-02-01 2024-07-31 13847429 e:PoundSterling 2023-02-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 13847429









MC MANAGEMENT ACCOUNTING SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JULY 2024

 
MC MANAGEMENT ACCOUNTING SERVICES LIMITED
REGISTERED NUMBER: 13847429

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

31 July
31 January
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
3,725
1,961

  
3,725
1,961

Current assets
  

Cash at bank and in hand
 6 
8,819
3,716

  
8,819
3,716

Creditors: amounts falling due within one year
 7 
(11,534)
(5,514)

Net current liabilities
  
 
 
(2,715)
 
 
(1,798)

Total assets less current liabilities
  
1,010
163

  

Net assets
  
1,010
163


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
910
63

  
1,010
163


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 October 2024.




Page 1

 
MC MANAGEMENT ACCOUNTING SERVICES LIMITED
REGISTERED NUMBER: 13847429
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

................................................
Michael Holmes
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
MC MANAGEMENT ACCOUNTING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

1.


General information

MC Management Accounting Services Limited is a private company limited by shares, registered in the United Kingdom number 13847429. Its registered office is Manor House, 35 St. Thomas’s Road, Chorley, Lancashire, PR7 1HP.  During the period, the principal activity of the company was that of Management consultancy activities other than financial management

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
MC MANAGEMENT ACCOUNTING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
15%
Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
MC MANAGEMENT ACCOUNTING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

There are no material judgements in applying accounting policies to disclose and there are no material key sources of estimation uncertainty.


4.


Employees

2024
2023
£
£

Wages and salaries
17,816
10,480

Social security costs
784
201

18,600
10,681


The average monthly number of employees, including directors, during the period was 1 (2023 - 1).

Page 5

 
MC MANAGEMENT ACCOUNTING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

5.


Tangible fixed assets







Office equipment

£



Cost or valuation


At 1 February 2023
2,203


Additions
2,298



At 31 July 2024

4,501



Depreciation


At 1 February 2023
242


Charge for the period on owned assets
534



At 31 July 2024

776



Net book value



At 31 July 2024
3,725



At 31 January 2023
1,961


6.


Cash and cash equivalents

31 July
31 January
2024
2023
£
£

Cash at bank and in hand
8,819
3,716

8,819
3,716


Page 6

 
MC MANAGEMENT ACCOUNTING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

7.


Creditors: Amounts falling due within one year

31 July
31 January
2024
2023
£
£

Trade creditors
84
-

Corporation tax
8,347
3,270

Other creditors
1,365
684

Accruals and deferred income
1,738
1,560

11,534
5,514


 
Page 7