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REGISTERED NUMBER: 06577408 (England and Wales)











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: 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 DECEMBER 2024

2024 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,866 10,632
8,866 10,632

CURRENT ASSETS
Debtors 6 12,936 22,515
Cash at bank 46,690 45,540
59,626 68,055
CREDITORS
Amounts falling due within one year 7 63,512 65,965
NET CURRENT (LIABILITIES)/ASSETS (3,886 ) 2,090
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,980

12,722

CREDITORS
Amounts falling due after more than
one year

8

-

(9,995

)

PROVISIONS FOR LIABILITIES (2,128 ) (2,567 )
NET ASSETS 2,852 160

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 2,752 60
SHAREHOLDERS' FUNDS 2,852 160

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

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

MC MECHANICS LIMITED (REGISTERED NUMBER: 06577408)

BALANCE SHEET - continued
31ST 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 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 PERIOD 1ST JUNE 2024 TO 31ST DECEMBER 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 (£).


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
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 period was 2 (2024 - 2 ) .

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 9,000
AMORTISATION
At 1st June 2024
and 31st December 2024 9,000
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 16,429 10,554 5,550 4,865 37,398
DEPRECIATION
At 1st June 2024 9,081 8,126 5,304 4,255 26,766
Charge for period 1,073 356 36 301 1,766
At 31st December 2024 10,154 8,482 5,340 4,556 28,532
NET BOOK VALUE
At 31st December 2024 6,275 2,072 210 309 8,866
At 31st May 2024 7,348 2,428 246 610 10,632

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Trade debtors 3,814 16,272
Other debtors 9,122 6,243
12,936 22,515

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 9,973 10,000
Trade creditors 16,233 28,128
Taxation and social security 35,377 25,078
Other creditors 1,929 2,759
63,512 65,965

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2024
value: £    £   
100 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
£    £   
Miss L Kent
Balance outstanding at start of period 6,243 -
Amounts advanced 9,122 6,243
Amounts repaid (6,243 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 9,122 6,243