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Registration number: 12677896

Maclaines Warehouse Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Maclaines Warehouse Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Maclaines Warehouse Limited

Company Information

Director

G R Eddy

Registered office

The Old Church School
Butts Hill
Frome
Somerset
BA11 1HR

Accountants

Burton Sweet Limited
Chartered Accountants and Business Advisors
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

 

Maclaines Warehouse Limited

(Registration number: 12677896)
Balance Sheet
30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

506,415

247,021

Current assets

 

Debtors

5

20,316

4,404

Cash at bank and in hand

 

7,866

328

 

28,182

4,732

Creditors: Amounts falling due within one year

6

(544,900)

(252,500)

Net current liabilities

 

(516,718)

(247,768)

Net liabilities

 

(10,303)

(747)

Capital and reserves

 

Called up share capital

-

100

Revaluation reserve

100

-

Retained earnings

(10,403)

(847)

Shareholders' deficit

 

(10,303)

(747)

 

Maclaines Warehouse Limited

(Registration number: 12677896)
Balance Sheet
30 June 2024

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 January 2025
 

.........................................
G R Eddy
Director

 

Maclaines Warehouse Limited

Notes to the Unaudited Financial Statements
Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Old Church School
Butts Hill
Frome
Somerset
BA11 1HR

These financial statements were authorised for issue by the director on 2 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis due to the ongoing support of the director. Trading is due to commence in early 2026.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Maclaines Warehouse Limited

Notes to the Unaudited Financial Statements
Year Ended 30 June 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold Property

nil while property is being developed

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 July 2023

247,021

247,021

Additions

259,394

259,394

At 30 June 2024

506,415

506,415

Depreciation

Carrying amount

At 30 June 2024

506,415

506,415

At 30 June 2023

247,021

247,021

5

Debtors

2024
£

2023
£

Other debtors

20,316

4,404

20,316

4,404

 

Maclaines Warehouse Limited

Notes to the Unaudited Financial Statements
Year Ended 30 June 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

450,000

-

Accruals and deferred income

 

700

600

Other creditors

 

94,200

251,900

 

544,900

252,500

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

450,000

-