Company Registration No. 08371256 (England and Wales)
MC Sports (Skipton) Ltd
Unaudited accounts
for the year ended 31 March 2024
MC Sports (Skipton) Ltd
Unaudited accounts
Contents
MC Sports (Skipton) Ltd
Company Information
for the year ended 31 March 2024
Directors
C Hardwick
A R Hardwick
C Hardwick
Company Number
08371256 (England and Wales)
Registered Office
Sackville House
15 - 17 Sackville Street
Skipton
North Yorkshire
BD23 2PB
Accountants
Pearson & Associates
Suite E, Canal Wharf
Eshton Road
Gargrave, Skipton
North Yorkshire
BD23 3SE
MC Sports (Skipton) Ltd
Statement of financial position
as at 31 March 2024
Intangible assets
67,250
67,250
Tangible assets
22,222
28,369
Creditors: amounts falling due within one year
(55,492)
(90,790)
Net current liabilities
(32,124)
(77,707)
Total assets less current liabilities
57,348
17,912
Creditors: amounts falling due after more than one year
(10,283)
(11,501)
Called up share capital
4
4
Profit and loss account
47,061
6,407
Shareholders' funds
47,065
6,411
For the year ending 31 March 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 March 2025 and were signed on its behalf by
A R Hardwick
Director
Company Registration No. 08371256
MC Sports (Skipton) Ltd
Notes to the Accounts
for the year ended 31 March 2024
MC Sports (Skipton) Ltd is a private company, limited by shares, registered in England and Wales, registration number 08371256. The registered office is Sackville House, 15 - 17 Sackville Street, Skipton, North Yorkshire, BD23 2PB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
25% on reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
MC Sports (Skipton) Ltd
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
37,056
20,570
6,681
8,517
72,824
Additions
-
-
1,159
-
1,159
At 31 March 2024
37,056
20,570
7,840
8,517
73,983
At 1 April 2023
18,106
13,158
5,379
7,812
44,455
Charge for the year
4,804
1,853
467
182
7,306
At 31 March 2024
22,910
15,011
5,846
7,994
51,761
At 31 March 2024
14,146
5,559
1,994
523
22,222
At 31 March 2023
18,950
7,412
1,302
705
28,369
Amounts falling due within one year
Other debtors
15,540
4,617
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
24,640
30,807
Taxes and social security
10,510
5,278
Other creditors
29,418
21,510
Loans from directors
(9,076)
29,325
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
1,823
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).