2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2024 - FRS102_2024 50 50 50 5,220 2,015 481 2,496 2,724 3,205 xbrli:pure xbrli:shares iso4217:GBP 11321947 2023-05-01 2024-04-30 11321947 2024-04-30 11321947 2023-04-30 11321947 2022-05-01 2023-04-30 11321947 2023-04-30 11321947 2022-04-30 11321947 bus:Director1 2023-05-01 2024-04-30 11321947 core:AfterOneYear 2024-04-30 11321947 core:AfterOneYear 2023-04-30 11321947 core:WithinOneYear 2024-04-30 11321947 core:WithinOneYear 2023-04-30 11321947 core:ShareCapital 2024-04-30 11321947 core:ShareCapital 2023-04-30 11321947 core:RetainedEarningsAccumulatedLosses 2024-04-30 11321947 core:RetainedEarningsAccumulatedLosses 2023-04-30 11321947 bus:Director1 2023-04-30 11321947 bus:Director1 2024-04-30 11321947 bus:Director1 2022-04-30 11321947 bus:Director1 2023-04-30 11321947 bus:Director1 2022-05-01 2023-04-30 11321947 bus:SmallEntities 2023-05-01 2024-04-30 11321947 bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11321947 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11321947 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11321947 bus:FullAccounts 2023-05-01 2024-04-30 11321947 core:OfficeEquipment 2023-05-01 2024-04-30 11321947 core:IntangibleAssetsOtherThanGoodwill 2024-04-30 11321947 core:IntangibleAssetsOtherThanGoodwill 2023-04-30 11321947 core:OfficeEquipment 2024-04-30 11321947 core:OfficeEquipment 2023-04-30
COMPANY REGISTRATION NUMBER: 11321947
Mach Developments Limited
Filleted Unaudited Financial Statements
30 April 2024
Mach Developments Limited
Financial Statements
Year ended 30 April 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Mach Developments Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
£
Fixed assets
Intangible assets
5
50
50
Tangible assets
6
2,724
3,205
-------
-------
2,774
3,255
Current assets
Debtors
7
697,113
52,308
Cash at bank and in hand
469
6,829
---------
--------
697,582
59,137
Creditors: amounts falling due within one year
8
41,972
39,851
---------
--------
Net current assets
655,610
19,286
---------
--------
Total assets less current liabilities
658,384
22,541
Creditors: amounts falling due after more than one year
9
14,852
22,360
---------
--------
Net assets
643,532
181
---------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
643,432
81
---------
----
Shareholders funds
643,532
181
---------
----
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 income and retained earnings has not been delivered.
For the year 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 year 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 .
Mach Developments Limited
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 31 January 2025 , and are signed on behalf of the board by:
Mr M. McConville
Director
Company registration number: 11321947
Mach Developments Limited
Notes to the Financial Statements
Year ended 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 Alex House, 260/8 Chapel Street, Salford, Manchester, M3 5JZ, UK.
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.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value 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:
Equipment
-
15% 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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Intangible assets
Investments
£
Cost
At 1 May 2023 and 30 April 2024
50
----
Amortisation
At 1 May 2023 and 30 April 2024
----
Carrying amount
At 30 April 2024
50
----
At 30 April 2023
50
----
6. Tangible assets
Equipment
£
Cost
At 1 May 2023 and 30 April 2024
5,220
-------
Depreciation
At 1 May 2023
2,015
Charge for the year
481
-------
At 30 April 2024
2,496
-------
Carrying amount
At 30 April 2024
2,724
-------
At 30 April 2023
3,205
-------
7. Debtors
2024
2023
£
£
Other debtors
697,113
52,308
---------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,824
1,379
Social security and other taxes
36,898
36,972
Other creditors
3,250
1,500
--------
--------
41,972
39,851
--------
--------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
14,852
22,360
--------
--------
10. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr M. McConville
7,210
644,805
652,015
-------
---------
----
---------
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr M. McConville
10,453
7,210
( 10,453)
7,210
--------
-------
--------
-------