REGISTERED NUMBER: |
MC MECHANICS LIMITED |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
1ST JUNE 2024 TO 31ST DECEMBER 2024 |
REGISTERED NUMBER: |
MC MECHANICS LIMITED |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
1ST JUNE 2024 TO 31ST DECEMBER 2024 |
MC MECHANICS LIMITED (REGISTERED NUMBER: 06577408) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST JUNE 2024 TO 31ST DECEMBER 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 PERIOD 1ST JUNE 2024 TO 31ST DECEMBER 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
20 Eversley Road |
Bexhill-on-Sea |
East Sussex |
TN40 1HE |
MC MECHANICS LIMITED (REGISTERED NUMBER: 06577408) |
BALANCE SHEET |
31ST DECEMBER 2024 |
2024 | 2024 |
Notes | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 DECEMBER 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
MC MECHANICS LIMITED (REGISTERED NUMBER: 06577408) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST JUNE 2024 TO 31ST DECEMBER 2024 |
1. | STATUTORY INFORMATION |
MC Mechanics Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
Change in length of accounting period |
The company's accounting period has been shortened from 31 May 2025 to 31 December 2024. The accounts therefore cover a 7 month period, and as a result the comparatives are not entirely comparable. The period was shortened to coincide with the sale of the company. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
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 |
MC MECHANICS LIMITED (REGISTERED NUMBER: 06577408) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1ST JUNE 2024 TO 31ST DECEMBER 2024 |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1st June 2024 |
and 31st December 2024 |
AMORTISATION |
At 1st June 2024 |
and 31st December 2024 |
NET BOOK VALUE |
At 31st December 2024 |
At 31st May 2024 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1st June 2024 |
and 31st December 2024 |
DEPRECIATION |
At 1st June 2024 |
Charge for period |
At 31st December 2024 |
NET BOOK VALUE |
At 31st December 2024 |
At 31st May 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2024 |
£ | £ |
Trade debtors |
Other debtors |
MC MECHANICS LIMITED (REGISTERED NUMBER: 06577408) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1ST JUNE 2024 TO 31ST DECEMBER 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2024 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2024 |
£ | £ |
Bank loans |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2024 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the period ended 31st December 2024 and the year ended 31st May 2024: |
2024 | 2024 |
£ | £ |
Balance outstanding at start of period |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |