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Company Registration No. 09445037 (England and Wales)
Mechanical Advantage Limited Unaudited accounts for the year ended 29 February 2024
Mechanical Advantage Limited Unaudited accounts Contents
Page
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Mechanical Advantage Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,887 
6,728 
Investments
- 
7,186 
2,887 
13,914 
Current assets
Cash at bank and in hand
100,835 
71,661 
Creditors: amounts falling due within one year
(90,990)
(72,593)
Net current assets/(liabilities)
9,845 
(932)
Total assets less current liabilities
12,732 
12,982 
Creditors: amounts falling due after more than one year
(8,847)
(12,133)
Net assets
3,885 
849 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
3,884 
848 
Shareholders' funds
3,885 
849 
For the year ending 29 February 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 director acknowledges his 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 and authorised for issue on 11 November 2024 and were signed on its behalf by
Edan Blomme Director Company Registration No. 09445037
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Mechanical Advantage Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Mechanical Advantage Limited is a private company, limited by shares, registered in England and Wales, registration number 09445037. The registered office is 27 Mayesbrook Road, Dagenham, Essex, RM8 2EA.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Motor vehicles
33.33%
Computer equipment
33.33%
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
10,023 
2,084 
12,107 
At 29 February 2024
10,023 
2,084 
12,107 
Depreciation
At 1 March 2023
4,370 
1,009 
5,379 
Charge for the year
3,146 
695 
3,841 
At 29 February 2024
7,516 
1,704 
9,220 
Net book value
At 29 February 2024
2,507 
380 
2,887 
At 28 February 2023
5,653 
1,075 
6,728 
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Mechanical Advantage Limited Notes to the Accounts for the year ended 29 February 2024
5
Investments
Other investments 
£ 
Valuation at 1 March 2023
7,186 
Disposals
(7,186)
Valuation at 29 February 2024
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,795 
- 
Taxes and social security
3,384 
4,178 
Other creditors
960 
840 
Loans from directors
84,851 
67,575 
90,990 
72,593 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,847 
12,133 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Controlling party
The company was under the control of Mr Edan Blomme throughout the current and previous year. Mr Blomme is the managing director and majority shareholder.
10
Average number of employees
During the year the average number of employees was 1 (2023: 2).
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