1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-27 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 14832348 2023-04-27 2024-04-30 14832348 2024-04-30 14832348 2023-04-26 14832348 core:PlantMachinery 2023-04-27 2024-04-30 14832348 core:MotorVehicles 2023-04-27 2024-04-30 14832348 bus:Director1 2023-04-27 2024-04-30 14832348 core:PlantMachinery 2024-04-30 14832348 core:MotorVehicles 2024-04-30 14832348 core:WithinOneYear 2024-04-30 14832348 core:AfterOneYear 2024-04-30 14832348 core:ShareCapital 2024-04-30 14832348 core:RetainedEarningsAccumulatedLosses 2024-04-30 14832348 bus:SmallEntities 2023-04-27 2024-04-30 14832348 bus:AuditExemptWithAccountantsReport 2023-04-27 2024-04-30 14832348 bus:SmallCompaniesRegimeForAccounts 2023-04-27 2024-04-30 14832348 bus:PrivateLimitedCompanyLtd 2023-04-27 2024-04-30 14832348 bus:FullAccounts 2023-04-27 2024-04-30
COMPANY REGISTRATION NUMBER: 14832348
MCC Civils Ltd
Filleted Unaudited Financial Statements
30 April 2024
MCC Civils Ltd
Statement of Financial Position
30 April 2024
30 Apr 24
Note
£
£
Fixed assets
Tangible assets
5
28,968
Current assets
Debtors
6
23,405
Cash at bank and in hand
22,897
-------
46,302
Creditors: amounts falling due within one year
7
54,013
-------
Net current liabilities
7,711
-------
Total assets less current liabilities
21,257
Creditors: amounts falling due after more than one year
8
20,663
-------
Net assets
594
-------
Capital and reserves
Called up share capital
100
Profit and loss account
494
----
Shareholders funds
594
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
MCC Civils Ltd
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 13 January 2025 , and are signed on behalf of the board by:
M. Chance
Director
Company registration number: 14832348
MCC Civils Ltd
Notes to the Financial Statements
Period from 27 April 2023 to 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 15 Orford Rise, Galley Common, Nuneaton, CV10 9RY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
In preparing these financial statements the directors have had to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. Estimates and associated assumptions are based on historic experience and various other factors including expectations of future events that are believed to be reasonable under the circumstances, however actual results may differ from these estimates. For this reporting date there are no significant judgements, estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
Motor vehicles
-
33% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1 .
5. Tangible assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 27 April 2023
Additions
29,900
21,162
51,062
Disposals
( 14,750)
( 3,167)
( 17,917)
-------
-------
-------
At 30 April 2024
15,150
17,995
33,145
-------
-------
-------
Depreciation
At 27 April 2023
Charge for the period
1,178
2,999
4,177
-------
-------
-------
At 30 April 2024
1,178
2,999
4,177
-------
-------
-------
Carrying amount
At 30 April 2024
13,972
14,996
28,968
-------
-------
-------
6. Debtors
30 Apr 24
£
Trade debtors
22,079
Other debtors
1,326
-------
23,405
-------
7. Creditors: amounts falling due within one year
30 Apr 24
£
Trade creditors
42,076
Social security and other taxes
466
Other creditors
11,471
-------
54,013
-------
8. Creditors: amounts falling due after more than one year
30 Apr 24
£
Other creditors
20,663
-------
9. Financial instruments
The company only has basic financial instruments. - Financial assets Financial assets comprise items such as cash at bank and in hand and trade and other debtors. These are initially recorded at cost on the date they originate, the company considers evidence of impairment for all individual elements comprising financial assets and any subsequent impairment is recognised in profit and loss. - Financial liabilities Financial liabilities comprise items such as corporation and other taxes, bank and other loans, accruals and trade and other creditors. These are initially recorded at cost on the date they originate, net of transaction costs where applicable, the company considers evidence of impairment for all individual elements comprising financial liabilities and any subsequent impairment is recognised in profit and loss.
10. Directors' advances, credits and guarantees
At the reporting date the directors loan account was in credit by £3,688. There is no fixed term for repayment and no interest is charged.
11. Related party transactions
The company was under the control of M Chance during the current period.