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
Mechanical Advantage Limited
Statement of financial position
as at 29 February 2024
Tangible assets
2,887
6,728
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)
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
Mechanical Advantage Limited
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
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:
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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
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
At 29 February 2024
2,507
380
2,887
At 28 February 2023
5,653
1,075
6,728
Mechanical Advantage Limited
Notes to the Accounts
for the year ended 29 February 2024
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Investments
Other investments
Valuation at 1 March 2023
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
Loans from directors
84,851
67,575
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Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
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).