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
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
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
MC Accountancy Limited
Statement of financial position
as at 31 March 2024
Tangible assets
54,756
20,266
Cash at bank and in hand
30,729
39,077
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)
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
MC Accountancy Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Goodwill is to be written off over its useful economical life of 5 years
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
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
At 31 March 2024
4,736
48,544
1,476
54,756
At 31 March 2023
1,473
18,235
558
20,266
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
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
8
Deferred taxation
2024
2023
Accelerated capital allowances
10,404
3,850
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
MC Accountancy Limited
Notes to the Accounts
for the year ended 31 March 2024
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
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).