Registered number
08113177
Mint Casting Agency Limited
Filleted Accounts
30 June 2024
Mint Casting Agency Limited
Registered number: 08113177
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 5 1,078 -
1,078 -
Current assets
Debtors 6 - -
Other debtors 25,000
Cash at bank and in hand 15,438 17,841
40,438 17,841
Creditors: amounts falling due within one year 7 (17,708) (18,862)
Net current assets/(liabilities) 22,730 (1,021)
Total assets less current liabilities 23,808 (1,021)
Creditors: amounts falling due after more than one year 8 (12,722) (19,000)
Provisions for liabilities - -
Net assets/(liabilities) 11,086 (20,021)
Capital and reserves
Called up share capital 1 1
Profit and loss account 11,085 (20,022)
Shareholder's funds 11,086 (20,021)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mark Christian Potts
Director
Approved by the board on 6 September 2024
Mint Casting Agency Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
5 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 - 11,552 - 11,552
Additions - 1,347 - 1,347
Surplus on revaluation - - - -
Disposals - - - -
At 30 June 2024 - 12,899 - 12,899
Depreciation
At 1 July 2023 - 11,552 - 11,552
Charge for the year - 269 - 269
Surplus on revaluation - - - -
On disposals - - - -
At 30 June 2024 - 11,821 - 11,821
Net book value
At 30 June 2024 - 1,078 - 1,078
At 30 June 2023 - - - -
Freehold land and buildings: 2024 2023
£ £
Historical cost - -
Cumulative depreciation based on historical cost - -
- -
6 Debtors 2024 2023
£ £
Trade debtors - -
Other debtors - -
- -
Amounts due after more than one year included above - -
7 Creditors: amounts falling due within one year 2024 2023
£ £
Non-equity preference shares - -
Bank loans and overdrafts - -
Taxation and social security costs 17,708 18,862
Other creditors - -
17,708 18,862
8 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 12,722 19,000
12,722 19,000
9 Related party transactions
There are no related party transactions that require disclosure.
10 Controlling party
The ultimate controlling party is Mark Potts by virtue of his shareholding.
11 Other information
Mint Casting Agency Limited is a private company limited by shares and incorporated in England. Its registered office is:
3rd Floor
82 King Street
Manchester
Lancashire
M2 4WQ
12 Average Number of Employees 2024 2023
3 3
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