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Registered Number: 13118629
England and Wales

 

 

 

MC EVENTS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 February 2023

End date: 31 January 2024
Director M Cox
Registered Number 13118629
Registered Office Stoddah Gate Barn
Penruddock
Penrith
Cumbria
CA11 0RY
Accountants Shaun Brown Accountants Ltd
14A Hartness Road
Gilwilly Industrial Estate
Penrith
Cumbria
CA11 9BD
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 35,752    13,968 
35,752    13,968 
Current assets      
Debtors 4 27,496   
Cash at bank and in hand 39,645    82,812 
67,141    82,812 
Creditors: amount falling due within one year 5 (64,534)   (72,965)
Net current assets 2,607    9,847 
 
Total assets less current liabilities 38,359    23,815 
Provisions for liabilities 6 (6,793)   (2,654)
Net assets 31,566    21,161 
 

Capital and reserves
     
Profit and loss account 31,566    21,161 
Shareholders' funds 31,566    21,161 
 


For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 06 January 2025 and were signed by:


-------------------------------
M Cox
Director
2
General Information
MC Events Ltd is a private company, limited by shares, registered in England and Wales, registration number 13118629, registration address Stoddah Gate Barn, Penruddock, Penrith, Cumbria, CA11 0RY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 February 2023 3,000    20,833      23,833 
Additions   41,490    3,931    45,421 
Disposals   (20,834)     (20,834)
At 31 January 2024 3,000    41,489    3,931    48,420 
Depreciation
At 01 February 2023 750    9,115      9,865 
Charge for year 563    1,257    983    2,803 
On disposals      
At 31 January 2024 1,313    10,372    983    12,668 
Net book values
Closing balance as at 31 January 2024 1,687    31,117    2,948    35,752 
Opening balance as at 01 February 2023 2,250    11,718      13,968 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 6,819   
Other Debtors 20,677   
27,496   

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 5,797   
Taxation and Social Security 22,032    24,152 
Other Creditors 36,705    48,813 
64,534    72,965 

6.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 6,793    2,654 
6,793    2,654 

7.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1 Class A share of £1.00 each  
 

3