MCH Solutions Limited SC663486 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is that of construction related activities. Digita Accounts Production Advanced 6.30.9574.0 true SC663486 2023-07-01 2024-06-30 SC663486 2024-06-30 SC663486 core:RetainedEarningsAccumulatedLosses 2024-06-30 SC663486 core:ShareCapital 2024-06-30 SC663486 core:CurrentFinancialInstruments 2024-06-30 SC663486 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 SC663486 core:FurnitureFittingsToolsEquipment 2024-06-30 SC663486 core:MotorVehicles 2024-06-30 SC663486 core:OtherPropertyPlantEquipment 2024-06-30 SC663486 bus:SmallEntities 2023-07-01 2024-06-30 SC663486 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 SC663486 bus:FilletedAccounts 2023-07-01 2024-06-30 SC663486 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC663486 bus:RegisteredOffice 2023-07-01 2024-06-30 SC663486 bus:CompanySecretaryDirector1 2023-07-01 2024-06-30 SC663486 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC663486 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 SC663486 core:MotorVehicles 2023-07-01 2024-06-30 SC663486 core:OfficeEquipment 2023-07-01 2024-06-30 SC663486 core:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 SC663486 core:PlantMachinery 2023-07-01 2024-06-30 SC663486 countries:Scotland 2023-07-01 2024-06-30 SC663486 2023-06-30 SC663486 core:FurnitureFittingsToolsEquipment 2023-06-30 SC663486 core:MotorVehicles 2023-06-30 SC663486 core:OtherPropertyPlantEquipment 2023-06-30 SC663486 2022-07-01 2023-06-30 SC663486 2023-06-30 SC663486 core:RetainedEarningsAccumulatedLosses 2023-06-30 SC663486 core:ShareCapital 2023-06-30 SC663486 core:CurrentFinancialInstruments 2023-06-30 SC663486 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 SC663486 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2023-06-30 SC663486 core:FurnitureFittingsToolsEquipment 2023-06-30 SC663486 core:MotorVehicles 2023-06-30 SC663486 core:OtherPropertyPlantEquipment 2023-06-30 SC663486 core:PreviouslyStatedAmount 2023-06-30 iso4217:GBP xbrli:pure

Registration number: SC663486

MCH Solutions Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

MCH Solutions Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

MCH Solutions Limited

(Registration number: SC663486)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

37,283

28,270

Current assets

 

Stocks

5

5,100

2,425

Debtors

6

42,826

4,779

Cash at bank and in hand

 

6,540

15,094

 

54,466

22,298

Creditors: Amounts falling due within one year

7

(57,719)

(73,062)

Net current liabilities

 

(3,253)

(50,764)

Total assets less current liabilities

 

34,030

(22,494)

Provisions for liabilities

(7,084)

-

Net assets/(liabilities)

 

26,946

(22,494)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

26,846

(22,594)

Shareholders' funds/(deficit)

 

26,946

(22,494)

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 his 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 17 January 2025
 

.........................................
M E C McHugh
Company secretary and director

 

MCH Solutions Limited

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

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Summit House
4-5 Mitchell Street
Edinburgh
EH6 7BD

These financial statements were authorised for issue by the director on 17 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

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

Plant and equipment

15% straight line

 

MCH Solutions Limited

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

Office equipment

15% straight line

Motor vehicle

20% reducing balance

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 1).

 

MCH Solutions Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2023

4,943

27,246

17,542

49,731

Additions

822

10,200

7,267

18,289

At 30 June 2024

5,765

37,446

24,809

68,020

Depreciation

At 1 July 2023

1,645

13,993

5,823

21,461

Charge for the year

865

4,690

3,721

9,276

At 30 June 2024

2,510

18,683

9,544

30,737

Carrying amount

At 30 June 2024

3,255

18,763

15,265

37,283

At 30 June 2023

3,298

13,253

11,719

28,270

5

Stocks

2024
£

2023
£

Other inventories

5,100

2,425

6

Debtors

Current

2024
£

2023
£

Trade debtors

27,496

4,779

Other debtors

15,330

-

 

42,826

4,779

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

5,318

-

Taxation and social security

12,478

6,114

Other creditors

1,411

1,060

Directors loan

38,512

65,888

57,719

73,062