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REGISTERED NUMBER: 09578277 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Mace Enterprises 1 Limited

Mace Enterprises 1 Limited (Registered number: 09578277)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mace Enterprises 1 Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: R Kakkar





SECRETARY:





REGISTERED OFFICE: 23 Whitcomb Street
Westminster
London
WC2H 7HA





REGISTERED NUMBER: 09578277 (England and Wales)





ACCOUNTANTS: SK Associates Ltd
1 Agincourt Villas
Uxbridge Road
Hillingdon
Middlesex
UB10 0NX

Mace Enterprises 1 Limited (Registered number: 09578277)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,750 15,000
Tangible assets 5 5,855 6,320
19,605 21,320

CURRENT ASSETS
Stocks 38,721 35,406
Debtors 6 9,000 10,750
Prepayments and accrued income 97 91
Cash at bank and in hand 95,480 92,999
143,298 139,246
CREDITORS
Amounts falling due within one year 7 123,475 120,049
NET CURRENT ASSETS 19,823 19,197
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,428

40,517

CREDITORS
Amounts falling due after more than
one year

8

(20,752

)

(30,745

)

PROVISIONS FOR LIABILITIES (704 ) (704 )
NET ASSETS 17,972 9,068

Mace Enterprises 1 Limited (Registered number: 09578277)

Balance Sheet - continued
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 17,872 8,968
17,972 9,068

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

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

The director acknowledges his 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.

The 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.

The financial statements were approved by the director and authorised for issue on 18 February 2025 and were signed by:





R Kakkar - Director


Mace Enterprises 1 Limited (Registered number: 09578277)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Mace Enterprises 1 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, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Mace Enterprises 1 Limited (Registered number: 09578277)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 25,000
AMORTISATION
At 1 June 2023 10,000
Charge for year 1,250
At 31 May 2024 11,250
NET BOOK VALUE
At 31 May 2024 13,750
At 31 May 2023 15,000

Mace Enterprises 1 Limited (Registered number: 09578277)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 2,386 18,305 20,691
Additions - 999 999
At 31 May 2024 2,386 19,304 21,690
DEPRECIATION
At 1 June 2023 1,986 12,385 14,371
Charge for year 80 1,384 1,464
At 31 May 2024 2,066 13,769 15,835
NET BOOK VALUE
At 31 May 2024 320 5,535 5,855
At 31 May 2023 400 5,920 6,320

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 9,000 10,750

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 17,193 20,549
Taxation and social security 4,054 2,255
Other creditors 102,228 97,245
123,475 120,049

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 20,752 30,745

Mace Enterprises 1 Limited (Registered number: 09578277)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
R Kakkar
Balance outstanding at start of year 92,881 95,792
Amounts advanced 5,282 -
Amounts repaid - (2,911 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 98,163 92,881