05244318 2023-10-01 2024-09-30 05244318 uk-bus:Director1 2023-10-01 2024-09-30 05244318 uk-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 05244318 uk-bus:SmallEntities 2023-10-01 2024-09-30 05244318 uk-bus:FullAccounts 2023-10-01 2024-09-30 05244318 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05244318 2023-10-01 05244318 2024-09-30 05244318 2022-10-01 2023-09-30 05244318 2023-09-30 xbrli:pure iso4217:GBP 05244318 2022-10-01 2023-09-30
Company Registration Number : 05244318 (England and Wales)
05244318
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-09-30
false
MACTURNER ACCOUNTING LIMITED
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-10-01
MACTURNER ACCOUNTING LIMITED
Unaudited financial statements and annual report
For the year ended 30 September 2024
MACTURNER ACCOUNTING LIMITED
Contents
For the year ended 30 September 2024

CONTENTS PAGE
Company Information 3
Director's Report 4
Director's Responsibilities Statement
Accountant's Report 5
Income Statement 6
Statement of Financial Position 7
Notes to the Financial Statements 8 - 10


MACTURNER ACCOUNTING LIMITED
Company Information
For the year ended 30 September 2024

Company registration number 05244318 (England and Wales)
Director Tolulope Atinuke Opaleye
Registered office address 31 Church Street
Dagenham
RM10 9UR
Accountant












Accountant





MACTURNER ACCOUNTING LIMITED
Director's Report
For the year ended 30 September 2024

The director presents his/her report and the Unaudited Financial Statements for the year ended 30 September 2024.
Principal activity
Accounting and Bookkeeping
Director of the company
The following directors held office during the whole of the period:
Tolulope Atinuke Opaleye
Statement of director's responsibilities
The directors are responsible for preparing the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare such financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), FRS 102 1A.
Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to;
-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;and
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Board of directors and signed on its behalf by:
Tolulope Atinuke Opaleye (Director)
Date: 09 January 2025
This report was approved by the board on 2025-01-09 Date: 09 January 2025
MACTURNER ACCOUNTING LIMITED
Accountant's report
For the year ended 30 September 2024

Accountant's Report to the board of directors on the preparation of the unaudited statutory accounts of MACTURNER ACCOUNTING LIMITED for the year ended 30 September 2024.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MACTURNER ACCOUNTING LIMITED for the year ended 30 September 2024.


We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on these financial statements.


You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.


The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.






2025-01-09 Date: 09 January 2025
5
MACTURNER ACCOUNTING LIMITED
Income Statement
For the year ended 30 September 2024

2024 2023
Notes £ £
Turnover 5 38,744 50,806
Cost of sales (5,351) (3,949)
Gross profit 33,392 46,857
Selling and distribution expenses (1,212) (3,458)
Administrative expenses (34,990) (46,958)
Operating loss 6 (2,810) (3,559)
Interest receivable and similar income - -
Loss on ordinary activities before taxation (2,810) (3,559)
Loss for the year (2,810) (3,559)
/* == Copy of Frs105 Profit Loss for XML COntent ============================================================ */
Profit and loss account
2024 2023
£ £
MACTURNER ACCOUNTING LIMITED
Statement of Financial Position
For the year ended 30 September 2024

2024 2023
Notes £ £
Current assets
Inventories 8 (1,467) 1,467
Debtors 9 147,023 117,122
Debtors: Amounts falling due after more than one year 9 - 1,347
Cash and cash equivalents 10 - 480
145,556 120,416
Current liabilities
Creditors: Amounts falling due within one year 11 (80,208) (79,161)
Corporation tax payable (1,868) (1,868)
(82,076) (81,030)
Net current assets/(liabilities) 63,479 39,386
Total assets less current liabilities 63,479 39,386
Non-current liabilities
Creditors: Amounts falling due after more than one year 12 (40,851) (42,273)
Net assets/(liabilities) 22,628 (2,887)
Capital and reserves
Called up share capital 13 100 100
Other reserve - (28,325)
Retained earnings 22,528 25,338
Shareholder's funds 22,628 (2,887)
For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
  • For the year ended 30 September 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 their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 09 January 2025
.............................
Tolulope Atinuke Opaleye (Director)
Company registration number: 05244318
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-09-30 30 September 2024
2024 2023
£ £
Current Assets 147,023 119,069
Creditors: amounts falling due within one year (83,543) (81,030)
Net current assets (liabilities) 63,479 38,039
Total assets less current liabilities 63,479 38,039
CREDITORS: Amounts falling due more than one year (40,851) (40,926)
Net Assets (liabilities) 22,628 (2,887)
Capital and Reserves 22,628 (2,887)
For the year ending 30/09/2024 the company was entitled to exemption 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. For the year ending 30-09-2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge 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 small companies provisions and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.
Approved by the board of directors on 09 January 2025 2025-01-09 and signed on behalf of the board,
.............................
Tolulope Atinuke Opaleye
Director
Company registration number: 05244318
MACTURNER ACCOUNTING LIMITED
Notes to the Financial Statements
For the year ended 30 September 2024

(1) General Information
MACTURNER ACCOUNTING LIMITED is a private company limited by shares, domiciled and incorporated in England and Wales. Its registered office is Petronne House, 31 Church Street, Dagenham RM10 9UR.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
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. These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies regime.
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Foreign currency
Transactions in foreign currencies other than its functional currency are recorded at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the year-end date are translated at the foreign exchange rate ruling at that date. Foreign exchange differences arising on translation are recognised in the income statement within financial income or expense, as appropriate. Non-monetary assets that are measured in terms of historical cost in foreign currency are translated using the exchange rate at the date of the transaction.
Interest income
Interest income is recognised using the effective interest method.
Inventories
Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale.
Employee benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

(4) Critical accounting judgements and key sources of estimation uncertainty
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.

(5) Turnover
The revenue from company's operations comprise:
2024 2023
£ £
Sales 38,339 50,270
Other Trading Income 405 536
38,744 50,806

(6) Operating profit
Operating profit for the year from continuing operations has been arrived after charging:
2024 2023
£ £
Staff costs 12,445 20,268
Director's remuneration 11,109 11,168
23,554 31,437

(7) Employees
During the year, the average number of employees including director was 0 (2023 : 0).

The above numbers are averages for the year and calculated on a full-time equivalent basis. The aggregate payroll costs of the above were:
2024 2023
£ £
Wages and salaries 23,445 31,218
Pension contributions 109 218
23,554 31,437

(8) Inventories
2024 2023
£ £
Assets B/Fwd (1,467) 1,467
(1,467) 1,467

(9) Debtors
Amounts falling due within one year
2024 2023
£ £
Trade debtors - 35,474
Other debtors 147,023 81,648
147,023 117,122
Amounts falling due after more than one year
2024 2023
£ £
Other debtors - 1,347
- - -
- 1,347

(10) Cash and cash equivalents
2024 2023
£ £
Bank balance - 480
- 480

(11) Creditors: Amounts falling due within one year
2024 2023
£ £
Trade creditors - 543
Bank loans and overdrafts 80 250
Other taxes and social security 34,616 26,410
Other creditors 45,512 51,958
80,208 79,161

(12) Creditors: Amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 39,731 38,460
Other creditors 1,120 2,467
40,851 40,927

(13) Share capital and reserves
Alloted, called up and fully paid: 2024 2023
£ £
100 (2023 : 100) Ordinary shares of £ 1 each100100
100 100
Ordinary shares hold equal voting rights.
Retained earnings 2024
£
At 1 October 2023 28,559
Loss of the year (6,031)
At 30 September 2024 22,528