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Registration number: NI042656

MCC Computers Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

 

MCC Computers Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

MCC Computers Limited

(Registration number: NI042656)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

11,000

11,510

Current assets

 

Stocks

5

24,026

18,387

Debtors

6

14,129

33,631

Cash at bank and in hand

 

33,530

45,027

 

71,685

97,045

Creditors: Amounts falling due within one year

7

(64,648)

(69,325)

Net current assets

 

7,037

27,720

Total assets less current liabilities

 

18,037

39,230

Provisions for liabilities

(2,637)

(2,018)

Net assets

 

15,400

37,212

Capital and reserves

 

Called up share capital

8

3

3

Retained earnings

15,397

37,209

Shareholders' funds

 

15,400

37,212

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 June 2025 and signed on its behalf by:
 

Mr Gordon Montgomery
Company secretary and director

Dr Philip C E McCartney
Director

 
     
 

MCC Computers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
62 Fenaghy Road
Galgorm Industrial Estate
Ballymena
BT42 1FL

These financial statements were authorised for issue by the Board on 24 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

MCC Computers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% straight line basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

 

MCC Computers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2024

128,288

128,288

Additions

5,738

5,738

Disposals

(4,867)

(4,867)

At 31 December 2024

129,159

129,159

Depreciation

At 1 January 2024

116,778

116,778

Charge for the year

6,248

6,248

Eliminated on disposal

(4,867)

(4,867)

At 31 December 2024

118,159

118,159

Carrying amount

At 31 December 2024

11,000

11,000

At 31 December 2023

11,510

11,510

5

Stocks

2024
£

2023
£

Work in progress

8,400

8,200

Other inventories

15,626

10,187

24,026

18,387

6

Debtors

Current

2024
£

2023
£

Trade debtors

14,129

33,631

 

14,129

33,631

 

MCC Computers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

-

9,000

Trade creditors

 

10,033

6,990

Taxation and social security

 

20,707

19,904

Accruals and deferred income

 

3,461

3,328

Other creditors

 

30,447

30,103

 

64,648

69,325

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

3

3

3

3