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REGISTERED NUMBER: 06791940 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

MCS PARTITIONING & DRYLINING LIMITED

MCS PARTITIONING & DRYLINING LIMITED (REGISTERED NUMBER: 06791940)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MCS PARTITIONING & DRYLINING LIMITED

COMPANY INFORMATION
For The Year Ended 31 January 2024







DIRECTOR: M C Smith





SECRETARIES: M C Smith
C Cave





REGISTERED OFFICE: 5 Enterprise Court, Falcon Way,
Eagle Business Park
Yaxley
Peterborough
Cambridgeshire
PE7 3GR





REGISTERED NUMBER: 06791940 (England and Wales)





ACCOUNTANTS: TC CH Limited
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

MCS PARTITIONING & DRYLINING LIMITED (REGISTERED NUMBER: 06791940)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 221,645 243,511

CURRENT ASSETS
Stocks 244,000 38,000
Debtors 5 782,780 921,089
Cash at bank and in hand 78,454 76,025
1,105,234 1,035,114
CREDITORS
Amounts falling due within one year 6 425,330 680,374
NET CURRENT ASSETS 679,904 354,740
TOTAL ASSETS LESS CURRENT LIABILITIES 901,549 598,251

CREDITORS
Amounts falling due after more than one
year

7

490,771

215,373
NET ASSETS 410,778 382,878

CAPITAL AND RESERVES
Called up share capital 99 99
Capital redemption reserve 1 1
Retained earnings 410,678 382,778
SHAREHOLDERS' FUNDS 410,778 382,878

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MCS PARTITIONING & DRYLINING LIMITED (REGISTERED NUMBER: 06791940)

BALANCE SHEET - continued
31 January 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 31 October 2024 and were signed by:





M C Smith - Director


MCS PARTITIONING & DRYLINING LIMITED (REGISTERED NUMBER: 06791940)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2024


1. STATUTORY INFORMATION

MCS Partitioning & Drylining Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents invoiced and applications for sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


MCS PARTITIONING & DRYLINING LIMITED (REGISTERED NUMBER: 06791940)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 27 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 484,227
Additions 65,905
Disposals (34,356 )
At 31 January 2024 515,776
DEPRECIATION
At 1 February 2023 240,716
Charge for year 73,881
Eliminated on disposal (20,466 )
At 31 January 2024 294,131
NET BOOK VALUE
At 31 January 2024 221,645
At 31 January 2023 243,511

MCS PARTITIONING & DRYLINING LIMITED (REGISTERED NUMBER: 06791940)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2023 291,001
Additions 65,036
Disposals (34,356 )
At 31 January 2024 321,681
DEPRECIATION
At 1 February 2023 121,839
Charge for year 55,077
Eliminated on disposal (20,466 )
At 31 January 2024 156,450
NET BOOK VALUE
At 31 January 2024 165,231
At 31 January 2023 169,162

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 280,943 629,533
Other debtors 445,648 173,367
726,591 802,900

Amounts falling due after more than one year:
Amounts owed by group undertakings 56,180 118,180
Other debtors 9 9
56,189 118,189

Aggregate amounts 782,780 921,089

Amounts owed by group undertakings are unsecured, are interest free and repayable on demand

MCS PARTITIONING & DRYLINING LIMITED (REGISTERED NUMBER: 06791940)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,192 11,192
Hire purchase contracts 60,170 60,170
Trade creditors 248,306 483,429
Taxation and social security 57,506 50,733
Other creditors 48,156 74,850
425,330 680,374

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 13,784 23,273
Hire purchase contracts 96,681 124,794
Amounts owed to group undertakings 380,306 67,306
490,771 215,373

Amounts owed to group undertakings are unsecured, are interest free and repayable on demand

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 156,851 184,964

Hire purchase contracts are secured against the assets to which they relate.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the director owed the company £5535.11 (2023: -£533.04) This loan is unsecured, interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is MCS Holdings (Cambs) Ltd.