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REGISTERED NUMBER: 05350027 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

MCH LIMITED

MCH LIMITED (REGISTERED NUMBER: 05350027)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance sheet 1

Notes to the financial statements 2


MCH LIMITED (REGISTERED NUMBER: 05350027)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 27,808 36,652

Current assets
Stocks 123,756 52,810
Debtors 5 581,221 666,224
Cash at bank and in hand 210 214
705,187 719,248
Creditors
Amounts falling due within one year 6 545,580 568,601
Net current assets 159,607 150,647
Total assets less current liabilities 187,415 187,299

Creditors
Amounts falling due after more than one year 7 (12,235 ) (31,501 )

Provisions for liabilities 10 (5,926 ) (8,481 )
Net assets 169,254 147,317

Capital and reserves
Called up share capital 11 100 100
Retained earnings 169,154 147,217
Shareholders' funds 169,254 147,317

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 June 2024 and were signed by:




Mr M Hanlon - Director


MCH LIMITED (REGISTERED NUMBER: 05350027)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. Statutory information

MCH Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05350027. The Registered Office address is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and the business address is Unit 28, Bailie Gate Industrial Estate, Sturminster Marshall, Wimborne, Dorset, BH21 4DB.

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 amounts receivable for goods and services provided in the year, net of VAT and trade discounts where applicable.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 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.

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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

MCH LIMITED (REGISTERED NUMBER: 05350027)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. Employees and directors

The average number of employees during the year was 6 (2023 - 6 ) .

4. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 April 2023 43,797 8,136 18,000 69,933
Additions - 424 - 424
At 31 March 2024 43,797 8,560 18,000 70,357
Depreciation
At 1 April 2023 20,290 5,116 7,875 33,281
Charge for year 5,876 861 2,531 9,268
At 31 March 2024 26,166 5,977 10,406 42,549
Net book value
At 31 March 2024 17,631 2,583 7,594 27,808
At 31 March 2023 23,507 3,020 10,125 36,652

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 127,212 280,920
Other debtors 90,002 72,951
Directors' loan accounts 337,655 285,189
VAT 5,005 -
Prepayments and accrued income 21,347 27,164
581,221 666,224

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 232,618 278,409
Other loans 8,685 22,147
Trade creditors 191,683 154,821
Tax 97,490 75,769
Social security and other taxes 5,986 20,980
VAT - 3,383
Other creditors 1,231 919
Accruals and deferred income 7,887 12,173
545,580 568,601

MCH LIMITED (REGISTERED NUMBER: 05350027)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 10,462 10,204
Bank loans - 2-5 years 1,773 12,233
Other loans 1-2 years - 9,064
12,235 31,501

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 9,950 9,950
Between one and five years - 9,950
9,950 19,900

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 222,414 268,457

The bank overdraft is secured by a fixed and floating charge over the company assets together with a personal guarantee provided by the director, Mr M Hanlon.

10. Provisions for liabilities
2024 2023
£    £   
Deferred tax 5,926 8,481

Deferred
tax
£   
Balance at 1 April 2023 8,481
Credit to Statement of comprehensive income during year (2,555 )
Balance at 31 March 2024 5,926

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1.00 100 100

MCH LIMITED (REGISTERED NUMBER: 05350027)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


12. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr M Hanlon
Balance outstanding at start of year 285,189 400,000
Amounts advanced 148,457 136,828
Amounts repaid (95,991 ) (251,639 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 337,655 285,189

13. Ultimate controlling party

The company is controlled by the director, Mr M Hanlon, who owns 100% of the issued share capital.