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REGISTERED NUMBER: 06220931 (England and Wales)




















Report of the Directors and

Unaudited Financial Statements

for the Period 1 May 2024 to 31 December 2024

for

M.E.C. 2001 LTD

M.E.C. 2001 LTD (REGISTERED NUMBER: 06220931)

Contents of the Financial Statements
for the Period 1 May 2024 to 31 December 2024










Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


M.E.C. 2001 LTD

Company Information
for the Period 1 May 2024 to 31 December 2024







DIRECTORS: I Jackson
P J Wise





SECRETARY: I Jackson





REGISTERED OFFICE: 19 North Street
Ashford
Kent
TN24 8LF





REGISTERED NUMBER: 06220931 (England and Wales)





ACCOUNTANTS: Calcutt Matthews WBZ Ltd
19 North Street
Ashford
Kent
TN24 8LF

M.E.C. 2001 LTD (REGISTERED NUMBER: 06220931)

Report of the Directors
for the Period 1 May 2024 to 31 December 2024


The directors present their report with the financial statements of the company for the period 1 May 2024 to 31 December 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 May 2024 to the date of this report.

I Jackson
P J Wise

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





I Jackson - Director


14 April 2025

M.E.C. 2001 LTD (REGISTERED NUMBER: 06220931)

Income Statement
for the Period 1 May 2024 to 31 December 2024

Period
1.5.24
to Year Ended
31.12.24 30.4.24
Notes £    £   

TURNOVER (6 ) 124,771

Cost of sales 236 30,747
GROSS (LOSS)/PROFIT (242 ) 94,024

Administrative expenses 32,980 91,566
(33,222 ) 2,458

Profit/loss on sale of tang fa 4 17,741 -
(15,481 ) 2,458

Interest receivable and similar income 37 504
(15,444 ) 2,962

Interest payable and similar expenses 82 341
(LOSS)/PROFIT BEFORE TAXATION 5 (15,526 ) 2,621

Tax on (loss)/profit (6 ) 623
(LOSS)/PROFIT FOR THE FINANCIAL PERIOD (15,520 ) 1,998

M.E.C. 2001 LTD (REGISTERED NUMBER: 06220931)

Balance Sheet
31 December 2024

31.12.24 30.4.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 6 - 2,608

CURRENT ASSETS
Debtors 7 644 43,243
Cash at bank 4,719 29,364
5,363 72,607
CREDITORS
Amounts falling due within one year 8 - 16,728
NET CURRENT ASSETS 5,363 55,879
TOTAL ASSETS LESS CURRENT LIABILITIES 5,363 58,487

CREDITORS
Amounts falling due after more than one
year

9

-

6,007
NET ASSETS 5,363 52,480

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 5,361 52,478
5,363 52,480

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

M.E.C. 2001 LTD (REGISTERED NUMBER: 06220931)

Balance Sheet - continued
31 December 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 14 April 2025 and were signed on its behalf by:





I Jackson - Director


M.E.C. 2001 LTD (REGISTERED NUMBER: 06220931)

Notes to the Financial Statements
for the Period 1 May 2024 to 31 December 2024


1. STATUTORY INFORMATION

M.E.C. 2001 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
Turnover 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.

Taxation
Taxation for the period 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was NIL (2024 - 3 ).

M.E.C. 2001 LTD (REGISTERED NUMBER: 06220931)

Notes to the Financial Statements - continued
for the Period 1 May 2024 to 31 December 2024


4. EXCEPTIONAL ITEMS
Period
1.5.24
to Year Ended
31.12.24 30.4.24
£    £   
Profit/loss on sale of tang fa 17,741 -

5. (LOSS)/PROFIT BEFORE TAXATION

The loss (2024 - profit) is stated after charging:

Period
1.5.24
to Year Ended
31.12.24 30.4.24
£    £   
Depreciation - owned assets 349 651

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2024 18,383
Disposals (8,408 )
At 31 December 2024 9,975
DEPRECIATION
At 1 May 2024 15,775
Charge for period 349
Eliminated on disposal (6,149 )
At 31 December 2024 9,975
NET BOOK VALUE
At 31 December 2024 -
At 30 April 2024 2,608

7. DEBTORS
31.12.24 30.4.24
£    £   
Amounts falling due within one year:
Trade debtors - 37,329
Other debtors 644 -
644 37,329

M.E.C. 2001 LTD (REGISTERED NUMBER: 06220931)

Notes to the Financial Statements - continued
for the Period 1 May 2024 to 31 December 2024


7. DEBTORS - continued
31.12.24 30.4.24
£    £   
Amounts falling due after more than one year:
Other debtors - 5,914

Aggregate amounts 644 43,243

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 30.4.24
£    £   
Bank loans and overdrafts - 4,777
Trade creditors - 10,331
Taxation and social security - 1,971
Other creditors - (351 )
- 16,728

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 30.4.24
£    £   
Bank loans - 6,007

10. GOING CONCERN

The directors are planning to close the company in 2025 and will dispose of the company on a break up basis. the assets wil be sold by the company and all remaining liabilities will be settled in the latter half of 2024.