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Company Registration No. 10932056 (England and Wales)
MCN (Distribution) Ltd Unaudited accounts for the year ended 31 August 2024
MCN (Distribution) Ltd Unaudited accounts Contents
Page
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MCN (Distribution) Ltd Company Information for the year ended 31 August 2024
Director
Michael Jeffrey Sadd
Company Number
10932056 (England and Wales)
Registered Office
6 Second Avenue Wisbech Cambridgeshire PE13 2BX England
Accountants
Novak Accountants & Tax Advisors Ltd The White House 42 Elm High Road Emneth Wisbech Norfolk PE14 0DQ
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MCN (Distribution) Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1 
(1)
Current assets
Debtors
42,748 
73,159 
Cash at bank and in hand
71,710 
75,950 
114,458 
149,109 
Creditors: amounts falling due within one year
(102,929)
(104,742)
Net current assets
11,529 
44,367 
Net assets
11,530 
44,366 
Capital and reserves
Called up share capital
6 
6 
Profit and loss account
11,524 
44,360 
Shareholders' funds
11,530 
44,366 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 May 2025 and were signed on its behalf by
Michael Jeffrey Sadd Director Company Registration No. 10932056
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MCN (Distribution) Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
MCN (Distribution) Ltd is a private company, limited by shares, registered in England and Wales, registration number 10932056. The registered office is 6 Second Avenue, Wisbech, Cambridgeshire, PE13 2BX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% straight Line
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 September 2023
42,072 
At 31 August 2024
42,072 
Depreciation
At 1 September 2023
42,073 
Charge for the year
(2)
At 31 August 2024
42,071 
Net book value
At 31 August 2024
1 
At 31 August 2023
(1)
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
42,748 
73,159 
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MCN (Distribution) Ltd Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,737 
4,689 
Trade creditors
29,189 
40,002 
Taxes and social security
10,889 
7,867 
Other creditors
4,259 
- 
Loans from directors
54,225 
52,184 
Accruals
1,630 
- 
102,929 
104,742 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
6 Ordinary shares of £1 each
6 
6 
8
Average number of employees
During the year the average number of employees was 5 (2023: 3).
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