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Company Registration No. 10797045 (England and Wales)
MC Accountancy Limited Unaudited accounts for the year ended 31 March 2024
MC Accountancy Limited Unaudited accounts Contents
Page
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MC Accountancy Limited Company Information for the year ended 31 March 2024
Directors
Malcolm Peter Clamp Michele Ann Clamp Rebecca Louise Clamp William George Clamp
Secretary
Michele Ann Clamp
Company Number
10797045 (England and Wales)
Registered Office
4 CATTERICK ROAD BICESTER OXFORDSHIRE OX26 1AW ENGLAND
Accountants
MC Accountancy Limited 4 Catterick Road Bicester Oxfordshire OX26 1AW
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MC Accountancy Limited Accountants' report
Accountants' report to the board of directors of MC Accountancy Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 March 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 March 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
MC Accountancy Limited 4 Catterick Road Bicester Oxfordshire OX26 1AW 8 April 2024
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MC Accountancy Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
54,756 
20,266 
Current assets
Debtors
8,222 
6,851 
Cash at bank and in hand
30,729 
39,077 
38,951 
45,928 
Creditors: amounts falling due within one year
(45,392)
(45,839)
Net current (liabilities)/assets
(6,441)
89 
Total assets less current liabilities
48,315 
20,355 
Provisions for liabilities
Deferred tax
(10,404)
(3,850)
Net assets
37,911 
16,505 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
36,911 
15,505 
Shareholders' funds
37,911 
16,505 
For the year ending 31 March 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 8 April 2024 and were signed on its behalf by
Malcolm Peter Clamp Director Company Registration No. 10797045
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MC Accountancy Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
MC Accountancy Limited is a private company, limited by shares, registered in England and Wales, registration number 10797045. The registered office is 4 CATTERICK ROAD, BICESTER, OXFORDSHIRE, OX26 1AW, ENGLAND.
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
10% Straight Line on home office / 20% straight line on office equipment
Motor vehicles
25% Straight Line
Computer equipment
33% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
12,000 
At 31 March 2024
12,000 
Amortisation
At 1 April 2023
12,000 
At 31 March 2024
12,000 
Net book value
At 31 March 2024
- 
Goodwill is to be written off over its useful economical life of 5 years
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MC Accountancy Limited Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
4,461 
36,451 
2,794 
43,706 
Additions
5,507 
53,938 
1,796 
61,241 
Disposals
- 
(36,451)
- 
(36,451)
At 31 March 2024
9,968 
53,938 
4,590 
68,496 
Depreciation
At 1 April 2023
2,988 
18,216 
2,236 
23,440 
Charge for the year
2,244 
5,394 
878 
8,516 
On disposals
- 
(18,216)
- 
(18,216)
At 31 March 2024
5,232 
5,394 
3,114 
13,740 
Net book value
At 31 March 2024
4,736 
48,544 
1,476 
54,756 
At 31 March 2023
1,473 
18,235 
558 
20,266 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,222 
5,851 
Other debtors
1,000 
1,000 
8,222 
6,851 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,302 
7,610 
Obligations under finance leases and hire purchase contracts
- 
7,416 
Trade creditors
9,807 
(624)
Taxes and social security
3,189 
10,125 
Other creditors
2,990 
1,435 
Loans from directors
25,104 
19,877 
45,392 
45,839 
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
10,404 
3,850 
2024 
2023 
£ 
£ 
Provision at start of year
3,850 
5,614 
Charged/(credited) to the profit and loss account
6,554 
(1,764)
Provision at end of year
10,404 
3,850 
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MC Accountancy Limited Notes to the Accounts for the year ended 31 March 2024
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
10
Controlling party
Mr M Clamp is the controlling party due to his 50% shareholding in the business
11
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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