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REGISTERED NUMBER: 07058940 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Mack Homes Limited

Mack Homes Limited (Registered number: 07058940)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mack Homes Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mrs C Kirkbride





REGISTERED OFFICE: 31 Ivanhoe Way
Sprotbrough
Doncaster
South Yorkshire
DN5 8EA





REGISTERED NUMBER: 07058940 (England and Wales)





ACCOUNTANT: L Green & Co
Chartered Certified Accountants
Unit 7 Shaw Wood Way
Doncaster
South Yorkshire
DN2 5TB

Mack Homes Limited (Registered number: 07058940)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,097 12,658

CURRENT ASSETS
Stocks - 750
Debtors 5 37,856 28,808
Cash at bank and in hand 177 6,432
38,033 35,990
CREDITORS
Amounts falling due within one year 6 234,026 228,164
NET CURRENT LIABILITIES (195,993 ) (192,174 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(188,896

)

(179,516

)

PROVISIONS FOR LIABILITIES 2,405 2,405
NET LIABILITIES (191,301 ) (181,921 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (191,302 ) (181,922 )
(191,301 ) (181,921 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Mack Homes Limited (Registered number: 07058940)

Balance Sheet - continued
29 February 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 25 November 2024 and were signed by:





Mrs C Kirkbride - Director


Mack Homes Limited (Registered number: 07058940)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Mack Homes 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis. This basis may not be appropriate because the company has historic losses and large liabilities in the balance sheet. This liability is mainly a loan made to it by a director which is not due to e repaid until the company can meet the repayments. should the company be unable to continue trading adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for any further liabilities which might arise and t reclassify fixed assets as current assets. The director considers that the going concern basis is appropriate.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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 etc - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.


Mack Homes Limited (Registered number: 07058940)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 25,241
Additions 999
At 29 February 2024 26,240
DEPRECIATION
At 1 March 2023 12,583
Charge for year 6,560
At 29 February 2024 19,143
NET BOOK VALUE
At 29 February 2024 7,097
At 28 February 2023 12,658

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 20,668 -
Other debtors 17,188 28,808
37,856 28,808

Mack Homes Limited (Registered number: 07058940)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 451 2,565
Taxation and social security - 718
Other creditors 233,575 224,881
234,026 228,164

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
Mrs C Kirkbride
Balance outstanding at start of year (172,709 ) (158,309 )
Amounts advanced 5,840 -
Amounts repaid (66,205 ) (14,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (233,074 ) (172,709 )