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REGISTERED NUMBER: 10480873 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

M & C IMPORTS LIMITED

M & C IMPORTS LIMITED (REGISTERED NUMBER: 10480873)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M & C IMPORTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: A Heaversedge





REGISTERED OFFICE: 36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL





REGISTERED NUMBER: 10480873 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

M & C IMPORTS LIMITED (REGISTERED NUMBER: 10480873)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,417 2,686

CURRENT ASSETS
Stocks 5 177,750 172,250
Debtors 6 58,177 70,044
Cash at bank 805 1,646
236,732 243,940
CREDITORS
Amounts falling due within one year 7 113,375 97,787
NET CURRENT ASSETS 123,357 146,153
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,774

148,839

CREDITORS
Amounts falling due after more than one
year

8

(12,901

)

(23,061

)

PROVISIONS FOR LIABILITIES 10 (643 ) (511 )
NET ASSETS 112,230 125,267

CAPITAL AND RESERVES
Called up share capital 11 100,000 100,000
Retained earnings 12,230 25,267
SHAREHOLDERS' FUNDS 112,230 125,267

M & C IMPORTS LIMITED (REGISTERED NUMBER: 10480873)

BALANCE SHEET - continued
31 AUGUST 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Profit & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 May 2025 and were signed by:





A Heaversedge - Director


M & C IMPORTS LIMITED (REGISTERED NUMBER: 10480873)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

M & C Imports 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.

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.
Plant and machinery - 10% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account and Retained Earnings, 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

M & C IMPORTS LIMITED (REGISTERED NUMBER: 10480873)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023
and 31 August 2024 500 2,996 2,282 5,778
DEPRECIATION
At 1 September 2023 264 546 2,282 3,092
Charge for year 24 245 - 269
At 31 August 2024 288 791 2,282 3,361
NET BOOK VALUE
At 31 August 2024 212 2,205 - 2,417
At 31 August 2023 236 2,450 - 2,686

5. STOCKS
2024 2023
£    £   
Stocks 177,750 172,250

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,666 -
Directors' current accounts 27,785 68,318
Prepayments 1,726 1,726
58,177 70,044

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 10,379 10,120
Trade creditors 36,874 22,641
Tax 31,526 19,283
VAT 12,586 13,331
Other creditors 16,030 27,937
Accrued expenses 5,980 4,475
113,375 97,787

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 12,901 23,061

M & C IMPORTS LIMITED (REGISTERED NUMBER: 10480873)

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

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,379 10,120

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,466 10,379

Amounts falling due between two and five years:
Bank loans - 2-5 years 2,435 12,682

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 643 511

Deferred
tax
£   
Balance at 1 September 2023 511
Provided during year 132
Balance at 31 August 2024 643

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100,000 ordinary £1 100,000 100,000

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 August 2024 and the period ended 31 August 2023:

2024 2023
£    £   
A Heaversedge
Balance outstanding at start of year 68,318 -
Amounts repaid (68,318 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 27,785 68,318