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REGISTERED NUMBER: 07482530 (England and Wales)









Financial Statements

for the Year Ended 31 March 2024

for

MCM Film (Services) Limited

MCM Film (Services) Limited (Registered number: 07482530)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MCM Film (Services) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: K T McMahon
Miss D McMahon
O McMahon





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 07482530 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

MCM Film (Services) Limited (Registered number: 07482530)

Statement of Financial Position
31 March 2024

2024 2023
as restated
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 772,761 772,022

CURRENT ASSETS
Inventories 531,683 569,525
Debtors 5 459,462 631,987
Cash at bank 272,456 272,441
1,263,601 1,473,953
CREDITORS
Amounts falling due within one year 6 (503,456 ) (592,157 )
NET CURRENT ASSETS 760,145 881,796
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,532,906

1,653,818

CREDITORS
Amounts falling due after more than one
year

7

(112,294

)

(184,518

)

PROVISIONS FOR LIABILITIES (146,684 ) (146,684 )
NET ASSETS 1,273,928 1,322,616

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,273,828 1,322,516
SHAREHOLDERS' FUNDS 1,273,928 1,322,616

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 directors acknowledge their 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by:



Miss D McMahon - Director


MCM Film (Services) Limited (Registered number: 07482530)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

MCM Film (Services) 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 net invoiced sale of construction 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% Straight line, 10% on cost and Straight line over 5 years

Stocks
Inventories 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 inventories to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

MCM Film (Services) Limited (Registered number: 07482530)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2023 1,376,848
Additions 130,426
Disposals (4,300 )
At 31 March 2024 1,502,974
DEPRECIATION
At 1 April 2023 604,826
Charge for year 128,970
Eliminated on disposal (3,583 )
At 31 March 2024 730,213
NET BOOK VALUE
At 31 March 2024 772,761
At 31 March 2023 772,022

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

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 252,271
DEPRECIATION
At 1 April 2023 24,930
Charge for year 25,227
At 31 March 2024 50,157
NET BOOK VALUE
At 31 March 2024 202,114
At 31 March 2023 227,341

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 100,479 267,970
Other debtors 358,983 364,017
459,462 631,987

MCM Film (Services) Limited (Registered number: 07482530)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts 41,000 41,000
Hire purchase contracts 30,420 30,421
Trade creditors 30,337 41,020
Taxation and social security 30,004 72,929
Other creditors 371,695 406,787
503,456 592,157

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
as restated
£    £   
Bank loans 56,610 98,414
Hire purchase contracts 55,684 86,104
112,294 184,518

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
as restated
£    £   
Bank loans 97,610 139,414

The bank loan is secured by a fixed and floating charge over the assets of the company. Hire purchase creditors are secured over individual fixed assets owned by the company.