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REGISTERED NUMBER: 06828961 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

MC Global Solutions Ltd

MC Global Solutions Ltd (Registered number: 06828961)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MC Global Solutions Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: S P Martin





REGISTERED OFFICE: Innovation Centre
Gallows Hill
Warwick
Warwickshire
CV34 6UW





REGISTERED NUMBER: 06828961 (England and Wales)






MC Global Solutions Ltd (Registered number: 06828961)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,149 3,265

CURRENT ASSETS
Debtors 5 42,525 67,596
Cash at bank 17,270 10,219
59,795 77,815
CREDITORS
Amounts falling due within one year 6 60,350 50,722
NET CURRENT (LIABILITIES)/ASSETS (555 ) 27,093
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,594

30,358

CREDITORS
Amounts falling due after more than
one year

7

66,701

26,612
NET (LIABILITIES)/ASSETS (52,107 ) 3,746

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (52,108 ) 3,745
(52,107 ) 3,746

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MC Global Solutions Ltd (Registered number: 06828961)

Balance Sheet - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 December 2024 and were signed by:





S P Martin - Director


MC Global Solutions Ltd (Registered number: 06828961)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

MC Global Solutions Ltd 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.

The accounts have been prepared on a going concern basis, which assumes that the company will continue to trade for at least one year from the date of approval of these financial statements by the director and thereafter for the foreseeable future. The director considers it appropriate to prepare the financial statements on this basis since the company's parent undertaking, Stemar Solutions PTY Limited, will provide sufficient funds to enable the company to meet its day to day working capital requirements. The financial statements do not include any judgement that would result from a withdrawal of the support by the parent undertaking.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.The policies adopted for the recognition of turnover are as follows:

Sale of goods
Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from rendering of services is recognised by reference to the stage of completion at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 33% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

MC Global Solutions Ltd (Registered number: 06828961)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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.

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 1 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 - 6,615 6,615
Additions 18,610 150 18,760
Disposals - (3,562 ) (3,562 )
At 30 June 2024 18,610 3,203 21,813
DEPRECIATION
At 1 July 2023 - 3,350 3,350
Charge for year 3,582 29 3,611
Eliminated on disposal - (297 ) (297 )
At 30 June 2024 3,582 3,082 6,664
NET BOOK VALUE
At 30 June 2024 15,028 121 15,149
At 30 June 2023 - 3,265 3,265

MC Global Solutions Ltd (Registered number: 06828961)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 40,959 62,466
Other debtors 1,566 5,130
42,525 67,596

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 47,565 31,160
Taxation and social security 2,907 7,584
Other creditors 9,878 11,978
60,350 50,722

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Amounts owed to group undertakings 48,330 -
Other creditors 18,371 26,612
66,701 26,612

8. ULTIMATE CONTROLLING PARTY

Stemar Solutions PTY Limited is regarded by the director as being the company's immediate undertaking and ultimate parent undertaking.

The company address is:
29 Boom Ct
Birkdale
Queensland 4159
Australia