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REGISTERED NUMBER: 03413930 (England and Wales)















MCM NET LIMITED

Unaudited Financial Statements

For The Year Ended 31 August 2024






MCM NET LIMITED (REGISTERED NUMBER: 03413930)

Contents of the Financial Statements
For The Year Ended 31 August 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MCM NET LIMITED

Company Information
For The Year Ended 31 August 2024







DIRECTORS: J R McMahon
T McMahon





SECRETARY: Mrs T A McMahon





REGISTERED OFFICE: Scott House
Suite 1 The Concourse
Waterloo Station
London
London
SE1 7LY





REGISTERED NUMBER: 03413930 (England and Wales)





ACCOUNTANTS: Hilden Park Accountants Limited
Hilden Park House
79 Tonbridge Road
Hildenborough
Tonbridge
Kent
TN11 9BH

MCM NET LIMITED (REGISTERED NUMBER: 03413930)

Abridged Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,393 19,363

CURRENT ASSETS
Debtors 442,447 349,043
Cash at bank 748,126 758,565
1,190,573 1,107,608
CREDITORS
Amounts falling due within one year 1,026,741 496,353
NET CURRENT ASSETS 163,832 611,255
TOTAL ASSETS LESS CURRENT
LIABILITIES

182,225

630,618

PROVISIONS FOR LIABILITIES 4,598 3,679
NET ASSETS 177,627 626,939

CAPITAL AND RESERVES
Called up share capital 95 95
Capital redemption reserve 5 5
Retained earnings 177,527 626,839
SHAREHOLDERS' FUNDS 177,627 626,939

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MCM NET LIMITED (REGISTERED NUMBER: 03413930)

Abridged Balance Sheet - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2025 and were signed on its behalf by:




J R McMahon - Director



T McMahon - Director


MCM NET LIMITED (REGISTERED NUMBER: 03413930)

Notes to the Financial Statements
For The Year Ended 31 August 2024


1. STATUTORY INFORMATION

MCM Net Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax, from the provision of digital marketing services during the period. Turnover is recognised according to the stage of completion of the contract to which it relates. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MCM NET LIMITED (REGISTERED NUMBER: 03413930)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 26 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023 69,629
Additions 3,628
At 31 August 2024 73,257
DEPRECIATION
At 1 September 2023 50,266
Charge for year 4,598
At 31 August 2024 54,864
NET BOOK VALUE
At 31 August 2024 18,393
At 31 August 2023 19,363