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REGISTERED NUMBER: 06577408 (England and Wales)











MC MECHANICS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024






MC MECHANICS LIMITED (REGISTERED NUMBER: 06577408)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


MC MECHANICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: Miss L Kent
M B Kent





SECRETARY: Miss L Kent





REGISTERED OFFICE: West Station Goods Yard
17 Terminus Road
Bexhill-on-sea
East Sussex
TN39 3LR





REGISTERED NUMBER: 06577408 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE

MC MECHANICS LIMITED (REGISTERED NUMBER: 06577408)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,632 9,725
10,632 9,725

CURRENT ASSETS
Debtors 6 22,515 13,498
Cash at bank 45,540 71,548
68,055 85,046
CREDITORS
Amounts falling due within one year 7 65,965 59,019
NET CURRENT ASSETS 2,090 26,027
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,722

35,752

CREDITORS
Amounts falling due after more than
one year

8

(9,995

)

(19,998

)

PROVISIONS FOR LIABILITIES (2,567 ) (2,334 )
NET ASSETS 160 13,420

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 60 13,320
SHAREHOLDERS' FUNDS 160 13,420

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

MC MECHANICS LIMITED (REGISTERED NUMBER: 06577408)

BALANCE SHEET - continued
31ST MAY 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 17th April 2025 and were signed on its behalf by:




M B Kent - Director



Miss L Kent - Director


MC MECHANICS LIMITED (REGISTERED NUMBER: 06577408)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024


1. STATUTORY INFORMATION

MC Mechanics Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, has been amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 year was 2 (2023 - 2 ) .

MC MECHANICS LIMITED (REGISTERED NUMBER: 06577408)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st June 2023
and 31st May 2024 9,000
AMORTISATION
At 1st June 2023
and 31st May 2024 9,000
NET BOOK VALUE
At 31st May 2024 -
At 31st May 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st June 2023 11,899 10,554 5,550 4,628 32,631
Additions 4,530 - - 237 4,767
At 31st May 2024 16,429 10,554 5,550 4,865 37,398
DEPRECIATION
At 1st June 2023 6,630 7,316 5,221 3,739 22,906
Charge for year 2,451 810 83 516 3,860
At 31st May 2024 9,081 8,126 5,304 4,255 26,766
NET BOOK VALUE
At 31st May 2024 7,348 2,428 246 610 10,632
At 31st May 2023 5,269 3,238 329 889 9,725

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,272 13,498
Other debtors 6,243 -
22,515 13,498

MC MECHANICS LIMITED (REGISTERED NUMBER: 06577408)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 28,128 28,171
Taxation and social security 25,078 18,215
Other creditors 2,759 2,633
65,965 59,019

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,995 19,998

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st May 2024 and 31st May 2023:

2024 2023
£    £   
Miss L Kent
Balance outstanding at start of year - -
Amounts advanced 6,243 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,243 -