1 January 2024 v2025.44.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP087532852024-01-012024-12-31087532852024-12-31087532852023-12-3108753285core:WithinOneYear2024-12-3108753285core:WithinOneYear2023-12-3108753285core:AfterOneYear2024-12-3108753285core:AfterOneYear2023-12-3108753285core:ShareCapital2024-12-3108753285core:ShareCapital2023-12-3108753285core:RetainedEarningsAccumulatedLosses2024-12-3108753285core:RetainedEarningsAccumulatedLosses2023-12-3108753285bus:Director12024-01-012024-12-3108753285bus:RegisteredOffice2024-01-012024-12-31087532852023-01-012023-12-310875328512024-01-012024-12-3108753285countries:EnglandWales2024-01-012024-12-3108753285bus:AuditExemptWithAccountantsReport2024-01-012024-12-3108753285bus:PrivateLimitedCompanyLtd2024-01-012024-12-3108753285bus:SmallEntities2024-01-012024-12-3108753285bus:FullAccounts2024-01-012024-12-31
Company registration number:
08753285
MC Engineering Solutions Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2024
MC Engineering Solutions Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of MC Engineering Solutions Limited
Year ended
31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
MC Engineering Solutions Limited
for the year ended
31 December 2024
which comprise the income statement, statement of financial position, statement of changes in equity and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Members/​Doc/​rule/​2018-rulebook.pdf.
This report is made solely to the Board of Directors of
MC Engineering Solutions Limited
, as a body. Our work has been undertaken solely to prepare for your approval the
financial statements
of
MC Engineering Solutions Limited
and state those matters that we have agreed to state to the Board of Directors of
MC Engineering Solutions Limited
, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Technical/​fact/​tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
MC Engineering Solutions Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
MC Engineering Solutions Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
MC Engineering Solutions Limited
. You consider that
MC Engineering Solutions Limited
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of MC Engineering Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
A G Smith & Co Ltd
Chartered Certified Accountants
Unit 8
Laceby Business Park
Laceby
North East Lincs
DN37 7DP
United Kingdom
Date:
9 July 2025
MC Engineering Solutions Limited
Statement of Financial Position
31 December 2024
20242023
Note££
Current assets    
Stocks
122,500
 
62,982
 
Debtors 5
532,547
 
392,942
 
Cash at bank and in hand
106,343
 
116,093
 
761,390
 
572,017
 
Creditors: amounts falling due within one year 6
(239,114
)
(135,194
)
Net current assets
522,276
 
436,823
 
Total assets less current liabilities 522,276   436,823  
Creditors: amounts falling due after more than one year 7
(5,000
)
(15,000
)
Net assets
517,276
 
421,823
 
Capital and reserves    
Called up share capital
103
 
103
 
Profit and loss account
517,173
 
421,720
 
Shareholders funds
517,276
 
421,823
 
For the 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 financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
9 July 2025
, and are signed on behalf of the board by:
V Crome
Director
Company registration number:
08753285
MC Engineering Solutions Limited
Notes to the Financial Statements
Year ended
31 December 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
1 Limber Road
,
Kirmington
,
Ulceby
,
North Lincolnshire
,
DN39 6YB
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Stocks

Stocks and work in progress are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is calculated using the first-in, first-out method and includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

4 Average number of employees

The average number of persons employed by the company during the year was
11
(2023:
8.00
).

5 Debtors

20242023
££
Trade debtors
296,954
 
178,771
 
Other debtors
235,593
 
214,171
 
532,547
 
392,942
 

6 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
10,001
 
10,001
 
Trade creditors
144,081
 
18,485
 
Taxation and social security
82,745
 
103,607
 
Other creditors
2,287
 
3,101
 
239,114
 
135,194
 

7 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
5,000
 
15,000
 

8 Guarantees and other financial commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £6,439 (2023: £5,774). Contributions amounting to £2,287 (2023: £2,457) were outstanding at the period end.