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REGISTERED NUMBER: 04994444 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MACLIN SOURCING SOLUTIONS LTD

MACLIN SOURCING SOLUTIONS LTD (REGISTERED NUMBER: 04994444)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MACLIN SOURCING SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr A N Lindfield
Mrs H M Lindfield
Mr R J Lindfield
Mrs J R Lindfield-Cross





SECRETARY: Mrs H M Lindfield





REGISTERED OFFICE: Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St Edmunds
Suffolk
IP31 2QY





REGISTERED NUMBER: 04994444 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

MACLIN SOURCING SOLUTIONS LTD (REGISTERED NUMBER: 04994444)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 463,842 249,885

CURRENT ASSETS
Stock 5 329,570 210,639
Debtors 6 418,068 288,323
Cash at bank and in hand 252,627 557,124
1,000,265 1,056,086
CREDITORS
Amounts falling due within one year 7 326,968 346,841
NET CURRENT ASSETS 673,297 709,245
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,137,139

959,130

CREDITORS
Amounts falling due after more than one
year

8

(5,699

)

(15,948

)

PROVISIONS FOR LIABILITIES (112,663 ) (58,618 )
NET ASSETS 1,018,777 884,564

CAPITAL AND RESERVES
Called up share capital 143 143
Share option reserve 11 11,029 3,244
Retained earnings 11 1,007,605 881,177
SHAREHOLDERS' FUNDS 1,018,777 884,564

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

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

The directors acknowledge their 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.

MACLIN SOURCING SOLUTIONS LTD (REGISTERED NUMBER: 04994444)

BALANCE SHEET - continued
31 DECEMBER 2024


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 Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by:





Mr A N Lindfield - Director


MACLIN SOURCING SOLUTIONS LTD (REGISTERED NUMBER: 04994444)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Maclin Sourcing Solutions Ltd 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
Income is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment & office fittings - 15% on reducing balance

Stocks
Stock 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.

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.

MACLIN SOURCING SOLUTIONS LTD (REGISTERED NUMBER: 04994444)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the asset's fair value at the date of inception and the present value of minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of the capital and interest elements. The interest is charged to the profit and loss so as to produce a constant periodic rate of interest of the remaining balance of the liability.

Rentals payable under the operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Improvements Equipment
to Motor & office
property vehicles fittings Totals
£    £    £    £   
COST
At 1 January 2024 45,598 35,243 310,176 391,017
Additions 10,997 - 245,947 256,944
At 31 December 2024 56,595 35,243 556,123 647,961
DEPRECIATION
At 1 January 2024 23,561 22,903 94,668 141,132
Charge for year 2,521 3,085 37,381 42,987
At 31 December 2024 26,082 25,988 132,049 184,119
NET BOOK VALUE
At 31 December 2024 30,513 9,255 424,074 463,842
At 31 December 2023 22,037 12,340 215,508 249,885

5. STOCK
2024 2023
£    £   
Stock 329,570 210,639

MACLIN SOURCING SOLUTIONS LTD (REGISTERED NUMBER: 04994444)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 381,162 273,806
Other debtors 4,450 -
Directors' current accounts 336 741
VAT 9,572 -
Prepayments 22,548 13,776
418,068 288,323

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans & overdrafts 10,170 9,914
Trade creditors 258,562 217,213
Social security & other taxes 14,394 11,729
VAT - 34,018
Other creditors 33,958 16,908
Corporation tax - 45,852
Accrued expenses 9,884 11,207
326,968 346,841

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,699 10,168
Bank loans - 2-5 years - 5,780
5,699 15,948

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 28,168 34,112
Between one and five years 70,333 97,414
98,501 131,526

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bounce Back Loan 15,869 25,862

The Bounce Back Loan is secured by the UK government.

MACLIN SOURCING SOLUTIONS LTD (REGISTERED NUMBER: 04994444)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

11. RESERVES
Share
Retained option
earnings reserve Totals
£    £    £   

At 1 January 2024 881,177 3,244 884,421
Profit for the year 151,431 - 151,431
Dividends (25,003 ) - (25,003 )
Created in year - 7,785 7,785
At 31 December 2024 1,007,605 11,029 1,018,634

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mr A N Lindfield and Mrs H M Lindfield
Balance outstanding at start of year 376 531
Amounts advanced 336 376
Amounts repaid (376 ) (531 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 336 376

Mr R J Lindfield
Balance outstanding at start of year 365 -
Amounts advanced - 365
Amounts repaid (365 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 365