1 July 2023 false Taxfiler 2024.6 SC508752business:PrivateLimitedCompanyLtd2023-07-012024-06-30 SC5087522023-06-30 SC5087522023-07-012024-06-30 SC508752business:AuditExempt-NoAccountantsReport2023-07-012024-06-30 SC508752business:FilletedAccounts2023-07-012024-06-30 SC5087522024-06-30 SC5087522023-06-30 SC508752core:WithinOneYear2024-06-30 SC508752core:WithinOneYear2023-06-30 SC508752core:AfterOneYear2024-06-30 SC508752core:AfterOneYear2023-06-30 SC508752core:SharePremiumcore:PreviouslyStatedAmount2024-06-30 SC508752core:SharePremiumcore:PreviouslyStatedAmount2023-06-30 SC508752core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 SC508752core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 SC508752core:PreviouslyStatedAmount2024-06-30 SC508752core:PreviouslyStatedAmount2023-06-30 SC508752business:SmallEntities2023-07-012024-06-30 SC508752business:Director12023-07-012024-06-30 SC508752countries:Scotland2023-07-012024-06-30 SC508752business:RegisteredOffice2023-07-012024-06-30 SC508752core:LandBuildings2023-07-012024-06-30 SC508752core:PlantMachinery2023-07-012024-06-30 SC508752core:MotorVehicles2023-07-012024-06-30 SC508752core:ComputerEquipment2023-07-012024-06-30 SC508752core:LandBuildings2023-06-30 SC508752core:PlantMachinery2023-06-30 SC508752core:MotorVehicles2023-06-30 SC508752core:FurnitureFittings2023-06-30 SC508752core:ComputerEquipment2023-06-30 SC508752core:FurnitureFittings2023-07-012024-06-30 SC508752core:LandBuildings2024-06-30 SC508752core:PlantMachinery2024-06-30 SC508752core:MotorVehicles2024-06-30 SC508752core:FurnitureFittings2024-06-30 SC508752core:ComputerEquipment2024-06-30 SC5087522022-07-012023-06-30 iso4217:GBP xbrli:pure
Company Registration No. SC508752 (Scotland)
MAC Motorsport Ltd Unaudited accounts for the year ended 30 June 2024
MAC Motorsport Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
135,266 
158,067 
Current assets
Inventories
41,407 
40,765 
Debtors
- 
(39,200)
Cash at bank and in hand
19,815 
8,154 
61,222 
9,719 
Creditors: amounts falling due within one year
(730,347)
(591,333)
Net current liabilities
(669,125)
(581,614)
Total assets less current liabilities
(533,859)
(423,547)
Creditors: amounts falling due after more than one year
(20,753)
(49,256)
Net liabilities
(554,612)
(472,803)
Capital and reserves
Share premium
2 
2 
Profit and loss account
(554,614)
(472,805)
Shareholders' funds
(554,612)
(472,803)
For the year ending 30 June 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 17 March 2025 and were signed on its behalf by
Sylwia Mucha Director Company Registration No. SC508752
- 2 -
MAC Motorsport Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
MAC Motorsport Ltd is a private company, limited by shares, registered in Scotland, registration number SC508752. The registered office is UNIT 4 DUNSINANE AVENUE, DUNSINANE INDUSTRIAL ESTATE, DUNDEE, DD2 3QN, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Land & buildings
5%
Plant & machinery
20%
Motor vehicles
20%
Computer equipment
20%
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 July 2023
18,455 
199,415 
141,545 
220 
23,856 
383,491 
Additions
- 
11,036 
- 
- 
- 
11,036 
At 30 June 2024
18,455 
210,451 
141,545 
220 
23,856 
394,527 
Depreciation
At 1 July 2023
7,032 
120,483 
80,130 
108 
17,671 
225,424 
Charge for the year
2,285 
18,009 
12,283 
23 
1,237 
33,837 
At 30 June 2024
9,317 
138,492 
92,413 
131 
18,908 
259,261 
Net book value
At 30 June 2024
9,138 
71,959 
49,132 
89 
4,948 
135,266 
At 30 June 2023
11,423 
78,932 
61,415 
112 
6,185 
158,067 
- 3 -
MAC Motorsport Ltd Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
(39,200)
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
221,207 
143,631 
Taxes and social security
29,761 
41,864 
Other creditors
3,556 
2,676 
Loans from directors
475,823 
403,162 
730,347 
591,333 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
20,753 
30,746 
Trade creditors
- 
18,510 
20,753 
49,256 
8
Average number of employees
During the year the average number of employees was 6 (2023: 6).
- 4 -