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REGISTERED NUMBER: 03620834 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

MACCONVILLES LIMITED

MACCONVILLES LIMITED (REGISTERED NUMBER: 03620834)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MACCONVILLES LIMITED

Company Information
for the year ended 30 April 2024







DIRECTORS: T A Rollestone
B R Coombs





REGISTERED OFFICE: Heversham House
18-22 Boundary Road
Hove
East Sussex
BN3 4EF





REGISTERED NUMBER: 03620834 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

MACCONVILLES LIMITED (REGISTERED NUMBER: 03620834)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 33,787 26,410
Investments 5 10,000 10,000
43,787 36,410

CURRENT ASSETS
Debtors 6 579,336 521,048
Cash at bank 203,626 484,056
782,962 1,005,104
CREDITORS
Amounts falling due within one year 7 (342,144 ) (428,254 )
NET CURRENT ASSETS 440,818 576,850
TOTAL ASSETS LESS CURRENT
LIABILITIES

484,605

613,260

CREDITORS
Amounts falling due after more than one
year

8

(52,963

)

(101,852

)

PROVISIONS FOR LIABILITIES 10 (8,015 ) (6,067 )
NET ASSETS 423,627 505,341

CAPITAL AND RESERVES
Called up share capital 11 26,667 26,667
Capital redemption reserve 3,333 3,333
Other reserves 1,718 1,718
Retained earnings 391,909 473,623
SHAREHOLDERS' FUNDS 423,627 505,341

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

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

The directors acknowledge their 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.

MACCONVILLES LIMITED (REGISTERED NUMBER: 03620834)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 December 2024 and were signed on its behalf by:





B R Coombs - Director


MACCONVILLES LIMITED (REGISTERED NUMBER: 03620834)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

MacConvilles Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Revenue is recognised as contract activity progresses. Revenue not billed is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Tangible fixed assets
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold improvements-over the period of the lease
Office equipment-20% on reducing balance
Fixtures and fittings -20% on reducing balance
Computer equipment -33% on reducing balance

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Financial instruments
Financial assets, financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, bank loans, third party loans, related party loans and investments in non-puttable shares.

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


MACCONVILLES LIMITED (REGISTERED NUMBER: 03620834)

Notes to the Financial Statements - continued
for the year ended 30 April 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.

Leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid, the company has no further payment obligations.

The contributions are recognised as an expense in the Income Statement when they fall due. Amounts not paid are shown as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

Fixed asset investments
Fixed asset investments are stated at cost less provision for diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Leasehold Office Computer
improvements equipment equipment Totals
£    £    £    £   
COST
At 1 May 2023 - 6,486 58,926 65,412
Additions 12,008 6,456 15,559 34,023
Disposals - (5,837 ) (35,224 ) (41,061 )
At 30 April 2024 12,008 7,105 39,261 58,374
DEPRECIATION
At 1 May 2023 - 2,767 36,235 39,002
Charge for year 2,402 2,381 9,779 14,562
Eliminated on disposal - (2,368 ) (26,609 ) (28,977 )
At 30 April 2024 2,402 2,780 19,405 24,587
NET BOOK VALUE
At 30 April 2024 9,606 4,325 19,856 33,787
At 30 April 2023 - 3,719 22,691 26,410

MACCONVILLES LIMITED (REGISTERED NUMBER: 03620834)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 10,000
NET BOOK VALUE
At 30 April 2024 10,000
At 30 April 2023 10,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 369,031 374,634
Other debtors 210,305 146,414
579,336 521,048

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 48,889 48,889
Trade creditors 112,448 37,872
Taxation and social security 154,129 264,478
Other creditors 26,678 77,015
342,144 428,254

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 52,963 101,852

9. SECURED DEBTS

The bank loan is secured by way of a fixed and floating charge over the company's assets.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 8,015 6,067

MACCONVILLES LIMITED (REGISTERED NUMBER: 03620834)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 6,067
Accelerated capital allowances 1,948
Balance at 30 April 2024 8,015

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number: Class: Nominal 2024 2023
value: £ £
20,000 Cumulative preference £1 20,000 20,000
3,333 Ordinary 'A' £1 3,333 3,333
3,333 Ordinary 'C' £1 3,333 3,333
1 Ordinary 'D' £1 1 1
26,667 26,667

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, £32,191 (2023: £17,991) was owed to the company by the directors. Interest totalling £762 (2023: £175) has been charged on these loans at the official rate of interest. These loans are repayable on demand.