15209266falsefinancial advisors2023-10-132024-10-31http://www.companieshouse.gov.uk/2023-10-12http://www.companieshouse.gov.uk/cd:Director12023-10-132024-10-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-10-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-10-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-10-132024-10-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-10-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-10-132024-10-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-10-132024-10-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-10-31http://www.companieshouse.gov.uk/2023-10-132024-10-31http://www.companieshouse.gov.uk/cd:FRS1022023-10-132024-10-31http://www.companieshouse.gov.uk/2024-10-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-10-132024-10-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-10-132024-10-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 15209266

MC Wealth Ltd

FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE 385 DAY PERIOD ENDED 31/10/2024

Prepared By:
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL112ER

MC Wealth Ltd

ACCOUNTS
FOR THE 385 DAY PERIOD ENDED 31/10/2024
DIRECTORS
J J Guile
REGISTERED OFFICE
226 Oldham Road
Rochdale
Lancashire
OL11 2ER
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 15209266
ACCOUNTANTS
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL112ER

MC Wealth Ltd

ACCOUNTS
FOR THE385 DAY PERIODENDED31/10/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

MC Wealth Ltd

BALANCE SHEET AT 31/10/2024
2024
Notes£
FIXED ASSETS
Tangible assets319,289
CURRENT ASSETS
Debtors4668
Cash at bank and in hand15,690
16,358
CREDITORS: Amounts falling due within one year510,311
NET CURRENT ASSETS6,047
TOTAL ASSETS LESS CURRENT LIABILITIES25,336
PROVISIONS FOR LIABILITIES AND CHARGES63,665
NET ASSETS21,671
CAPITAL AND RESERVES
Called up share capital720
Profit and loss account21,651
SHAREHOLDERS' FUNDS21,671
For the year ending 31/10/2024 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 06/05/2025 and signed on their behalf by
.............................
J J Guile
Director

MC Wealth Ltd

NOTES TO THE ACCOUNTS
FOR THE 385 DAY PERIOD ENDED 31/10/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 25%
1c. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Revenue Recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

MC Wealth Ltd

2. EMPLOYEES
2024
No.No.
Average number of employees1
3. TANGIBLE FIXED ASSETS
Commercial
VehiclesEquipmentTotal
£££
Cost
Additions22,3733,34525,718
At 31/10/202422,3733,34525,718
Depreciation
For the 385 day period5,5938366,429
At 31/10/20245,5938366,429
Net Book Amounts
At 31/10/202416,7802,50919,289
4. DEBTORS 2024
£
Amounts falling due within one year
Trade debtors30
PAYE control638
668
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
£
UK corporation tax6,503
Directors current account2,578
Bank loans and overdrafts30
Accruals1,200
10,311

MC Wealth Ltd

6. PROVISIONS FOR LIABILITIES 2024
£
Deferred taxation3,665
3,665
7. SHARE CAPITAL 2024
£
Allotted, issued and fully paid:
20 Ordinary shares of £1 each20
20
New shares issued during period:
20 Ordinary shares of £1 each20
20
8. CONTROLLING PARTY
The company is controlled by the director and his wife.