Acorah Software Products - Accounts Production 16.1.300 false true true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 8809957 Mr Marc Matta Mr Joseph Matta Miss Christy Matta iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 8809957 2023-11-30 8809957 2024-11-30 8809957 2023-12-01 2024-11-30 8809957 frs-core:CurrentFinancialInstruments 2024-11-30 8809957 frs-core:Non-currentFinancialInstruments 2024-11-30 8809957 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-30 8809957 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 8809957 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 8809957 frs-core:ShareCapital 2024-11-30 8809957 frs-core:RetainedEarningsAccumulatedLosses 2023-12-01 2024-11-30 8809957 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 8809957 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 8809957 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 8809957 frs-bus:SmallEntities 2023-12-01 2024-11-30 8809957 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 8809957 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 8809957 frs-bus:Director1 2023-12-01 2024-11-30 8809957 frs-bus:Director2 2023-12-01 2024-11-30 8809957 frs-bus:Director3 2023-12-01 2024-11-30 8809957 frs-countries:EnglandWales 2023-12-01 2024-11-30 8809957 2022-11-30 8809957 2023-11-30 8809957 2022-12-01 2023-11-30 8809957 frs-core:CurrentFinancialInstruments 2023-11-30 8809957 frs-core:Non-currentFinancialInstruments 2023-11-30 8809957 frs-core:ShareCapital 2022-11-30 8809957 frs-core:ShareCapital 2023-11-30 8809957 frs-core:RetainedEarningsAccumulatedLosses 2022-12-01 2023-11-30 8809957 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-11-30 8809957 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 8809957
MCM (GB) LTD
Unaudited Financial Statements
For The Year Ended 30 November 2024
AMCI ASSOCIATES LTD
Contents
Page
Company Information 1
Balance Sheet 2—3
Statement of Changes in Equity 4
Notes to the Financial Statements 5—7
Page 1
Company Information
Directors Mr Marc Matta
Mr Joseph Matta
Miss Christy Matta
Company Number 8809957
Registered Office 133 Tame Road
Witton
Birmingham
West Midlands
B6 7DG
Accountants AMCI ASSOCIATES LTD
133 Tame Road
Witton
Birmingham
West Midlands
B6 7DG
Page 1
Page 2
Balance Sheet
Registered number: 8809957
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,020,856 1,020,856
1,020,856 1,020,856
CURRENT ASSETS
Debtors 5 51,440 50,000
Cash at bank and in hand 49,345 29,031
100,785 79,031
Creditors: Amounts Falling Due Within One Year 6 (844,396 ) (5,977 )
NET CURRENT ASSETS (LIABILITIES) (743,611 ) 73,054
TOTAL ASSETS LESS CURRENT LIABILITIES 277,245 1,093,910
Creditors: Amounts Falling Due After More Than One Year 7 (95,290 ) (932,174 )
NET ASSETS 181,955 161,736
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 181,855 161,636
SHAREHOLDERS' FUNDS 181,955 161,736
Page 2
Page 3
For the year ending 30 November 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Marc Matta
Director
16/01/2025
The notes on pages 5 to 7 form part of these financial statements.
Page 3
Page 4
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 December 2022 100 143,649 143,749
Profit for the year and total comprehensive income - 23,987 23,987
Dividends paid - (6,000) (6,000)
As at 30 November 2023 and 1 December 2023 100 161,636 161,736
Profit for the year and total comprehensive income - 26,219 26,219
Dividends paid - (6,000) (6,000)
As at 30 November 2024 100 181,855 181,955
Page 4
Page 5
Notes to the Financial Statements
1. General Information
MCM (GB) Ltd, Registered number 8809957 is a limited by shares company incorporated in England and Wales. The Registered Office is at 133 Tame Road, Birmingham, West Midlands, B6 7DG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 5
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 December 2023 1,020,856
As at 30 November 2024 1,020,856
Net Book Value
As at 30 November 2024 1,020,856
As at 1 December 2023 1,020,856
5. Debtors
2024 2023
£ £
Due within one year
Due after more than one year
Other debtors 51,440 50,000
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 8,188 3,954
Other taxes and social security 55 58
Other creditors 1,965 1,965
Directors' loan accounts 834,188 -
844,396 5,977
Page 6
Page 7
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 95,290 106,100
Directors loan account - 826,074
95,290 932,174
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Marc Matta 2,000 2,000
Miss Christy Matta 2,000 2,000
Mr Joseph Matta 2,000 2,000
Page 7