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REGISTERED NUMBER: 02593146 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

MCL ENERGY LIMITED

MCL ENERGY LIMITED (REGISTERED NUMBER: 02593146)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MCL ENERGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: B J Perry
Mrs C D Perry
J J Perry





REGISTERED OFFICE: Metcalfe House
Park View
Langwith
MANSFIELD
NG20 9DE





REGISTERED NUMBER: 02593146 (England and Wales)

MCL ENERGY LIMITED (REGISTERED NUMBER: 02593146)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 168,697 155,232

CURRENT ASSETS
Stocks 226,915 368,726
Debtors 5 831,440 576,293
Cash at bank and in hand 1,849,149 2,241,372
2,907,504 3,186,391
CREDITORS
Amounts falling due within one year 6 860,470 903,519
NET CURRENT ASSETS 2,047,034 2,282,872
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,215,731

2,438,104

PROVISIONS FOR LIABILITIES 25,742 19,400
NET ASSETS 2,189,989 2,418,704

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 2,179,989 2,408,704
SHAREHOLDERS' FUNDS 2,189,989 2,418,704

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

MCL ENERGY LIMITED (REGISTERED NUMBER: 02593146)

BALANCE SHEET - continued
30 APRIL 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 Board of Directors and authorised for issue on 16 November 2024 and were signed on its behalf by:




B J Perry - Director



J J Perry - Director


MCL ENERGY LIMITED (REGISTERED NUMBER: 02593146)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

MCL Energy 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
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 33% on cost, 25% on cost and at varying rates 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 33 ) .

MCL ENERGY LIMITED (REGISTERED NUMBER: 02593146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 1,083,551
Additions 87,416
Disposals (67,454 )
At 30 April 2024 1,103,513
DEPRECIATION
At 1 May 2023 928,319
Charge for year 73,431
Eliminated on disposal (66,934 )
At 30 April 2024 934,816
NET BOOK VALUE
At 30 April 2024 168,697
At 30 April 2023 155,232

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 794,996 542,994
Other debtors - 138
Prepayments 36,444 33,161
831,440 576,293

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 387,298 225,574
Tax 58,250 77,908
Social security and other taxes 7,017 7,049
VAT 85,723 104,760
Other creditors 7,802 7,020
Accrued expenses 314,380 481,208
860,470 903,519

7. OTHER FINANCIAL COMMITMENTS

The company is committed to pay lease payments of £886 (2023: £4,430) for a lease expiring in October 2024 and £3,439 (2023: £9,334) for a lease expiring in December 2024.

8. ULTIMATE CONTROLLING PARTY

The Ultimate controlling party is Mr B & Mrs C Perry due to their directorships and shareholdings in MCL Energy Ltd's ultimate parent company Medetcrown Ltd.