Mac Interior Consultants Limited SC406096 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is retail of furniture, lighting, and similar Digita Accounts Production Advanced 6.30.9574.0 true true SC406096 2023-07-01 2024-06-30 SC406096 2024-06-30 SC406096 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-06-30 SC406096 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-06-30 SC406096 core:CurrentFinancialInstruments 2024-06-30 SC406096 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 SC406096 core:Non-currentFinancialInstruments 2024-06-30 SC406096 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 SC406096 core:Goodwill 2024-06-30 SC406096 core:PatentsTrademarksLicencesConcessionsSimilar 2024-06-30 SC406096 core:BetweenTwoFiveYears 2024-06-30 SC406096 core:WithinOneYear 2024-06-30 SC406096 core:MotorVehicles 2024-06-30 SC406096 bus:SmallEntities 2023-07-01 2024-06-30 SC406096 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 SC406096 bus:FilletedAccounts 2023-07-01 2024-06-30 SC406096 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC406096 bus:RegisteredOffice 2023-07-01 2024-06-30 SC406096 bus:Director1 2023-07-01 2024-06-30 SC406096 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC406096 core:Goodwill 2023-07-01 2024-06-30 SC406096 core:PatentsTrademarksLicencesConcessionsSimilar 2023-07-01 2024-06-30 SC406096 core:MotorVehicles 2023-07-01 2024-06-30 SC406096 countries:EnglandWales 2023-07-01 2024-06-30 SC406096 2023-06-30 SC406096 core:Goodwill 2023-06-30 SC406096 core:PatentsTrademarksLicencesConcessionsSimilar 2023-06-30 SC406096 core:MotorVehicles 2023-06-30 SC406096 2022-07-01 2023-06-30 SC406096 2023-06-30 SC406096 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-06-30 SC406096 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-06-30 SC406096 core:CurrentFinancialInstruments 2023-06-30 SC406096 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 SC406096 core:Non-currentFinancialInstruments 2023-06-30 SC406096 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 SC406096 core:Goodwill 2023-06-30 SC406096 core:PatentsTrademarksLicencesConcessionsSimilar 2023-06-30 SC406096 core:BetweenTwoFiveYears 2023-06-30 SC406096 core:WithinOneYear 2023-06-30 SC406096 core:MotorVehicles 2023-06-30 iso4217:GBP xbrli:pure

Registration number: SC406096

Mac Interior Consultants Limited

trading as Dream Doors Lanarkshire

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Mac Interior Consultants Limited

trading as Dream Doors Lanarkshire

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Mac Interior Consultants Limited

trading as Dream Doors Lanarkshire

(Registration number: SC406096)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

48,080

37,000

Tangible assets

5

25,121

15,000

 

73,201

52,000

Current assets

 

Stocks

6

23,380

-

Debtors

7

9,490

-

Cash at bank and in hand

 

52,745

53,708

 

85,615

53,708

Creditors: Amounts falling due within one year

8

(107,797)

(61,863)

Net current liabilities

 

(22,182)

(8,155)

Total assets less current liabilities

 

51,019

43,845

Creditors: Amounts falling due after more than one year

8

(16,516)

(10,722)

Provisions for liabilities

(6,280)

-

Net assets

 

28,223

33,123

Capital and reserves

 

Called up share capital

100

100

Retained earnings

28,123

33,023

Shareholders' funds

 

28,223

33,123

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Mac Interior Consultants Limited

trading as Dream Doors Lanarkshire

(Registration number: SC406096)
Balance Sheet as at 30 June 2024

Approved and authorised by the Board on 28 November 2024 and signed on its behalf by:
 

.........................................
Mr Alan Brown Williams
Director

 

Mac Interior Consultants Limited

trading as Dream Doors Lanarkshire

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5 Stamperland Crescent
Clarkston
Glasgow
G76 8LQ

These financial statements were authorised for issue by the Board on 28 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Mac Interior Consultants Limited

trading as Dream Doors Lanarkshire

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

25% Reducing Balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Franchise Fee

20% Straight line

Goodwill

5 Years

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Mac Interior Consultants Limited

trading as Dream Doors Lanarkshire

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 1).

 

Mac Interior Consultants Limited

trading as Dream Doors Lanarkshire

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Intangible assets

Goodwill
 £

Trademarks, patents and licenses
 £

Total
£

Cost or valuation

At 1 July 2023

37,000

-

37,000

Additions acquired separately

-

23,100

23,100

At 30 June 2024

37,000

23,100

60,100

Amortisation

Amortisation charge

7,400

4,620

12,020

At 30 June 2024

7,400

4,620

12,020

Carrying amount

At 30 June 2024

29,600

18,480

48,080

At 30 June 2023

37,000

-

37,000

5

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2023

20,000

20,000

Additions

18,495

18,495

At 30 June 2024

38,495

38,495

Depreciation

At 1 July 2023

5,000

5,000

Charge for the year

8,374

8,374

At 30 June 2024

13,374

13,374

Carrying amount

At 30 June 2024

25,121

25,121

At 30 June 2023

15,000

15,000

 

Mac Interior Consultants Limited

trading as Dream Doors Lanarkshire

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Stocks

2024
£

2023
£

Work in progress

23,380

-

7

Debtors

Current

2024
£

2023
£

Trade debtors

1,090

-

Prepayments

8,400

-

 

9,490

-

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

8,639

4,000

Trade creditors

 

17,509

-

Taxation and social security

 

27,728

9,130

Accruals and deferred income

 

955

493

Other creditors

 

52,966

48,240

 

107,797

61,863

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £8,639 (2023 - £4,000).

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

16,516

10,722

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £16,516 (2023 - £10,722).

 

Mac Interior Consultants Limited

trading as Dream Doors Lanarkshire

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

6,804

10,722

Hire purchase contracts

9,712

-

16,516

10,722

Current loans and borrowings

2024
£

2023
£

Bank borrowings

4,310

4,000

Hire purchase contracts

4,329

-

8,639

4,000

10

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

18,000

-

Later than one year and not later than five years

55,550

-

73,550

-

The amount of non-cancellable operating lease payments recognised as an expense during the year was £16,849 (2023 - £Nil).