Company registration number 04528914 (England and Wales)
MAC CONSTRUCTION (ANGLIA) LIMITED
TRADING AS 'STOUR VALLEY PROPERTY SERVICES'
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
MAC CONSTRUCTION (ANGLIA) LIMITED
TRADING AS 'STOUR VALLEY PROPERTY SERVICES'
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
MAC CONSTRUCTION (ANGLIA) LIMITED
TRADING AS 'STOUR VALLEY PROPERTY SERVICES'
BALANCE SHEET
AS AT 31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
7,077
9,024
Current assets
Stocks
15,000
30,000
Debtors
5
481
299
Cash at bank and in hand
3,169
11,671
18,650
41,970
Creditors: amounts falling due within one year
6
(104,638)
(107,071)
Net current liabilities
(85,988)
(65,101)
Total assets less current liabilities
(78,911)
(56,077)
Creditors: amounts falling due after more than one year
7
(1,667)
(4,167)
Net liabilities
(80,578)
(60,244)
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
(80,678)
(60,344)
Total equity
(80,578)
(60,244)
For the financial year ended 31 October 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 of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 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.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 14 July 2025
M Finch
Director
Company registration number 04528914 (England and Wales)
MAC CONSTRUCTION (ANGLIA) LIMITED
TRADING AS 'STOUR VALLEY PROPERTY SERVICES'
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 2 -
1
Accounting policies
Company information
MAC Construction (Anglia) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 59 Abbeygate Street, Bury St Edmunds, Suffolk, England, IP33 1LB. The principal place of business is 5 Borley Road, Long Melford, Sudbury, Suffolk, CO10 9HH.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention except that as disclosed in the accounting policies certain items are shown as fair value.
1.2
Going concern
The balance sheet shows an insolvent position of £80,578 (2023: £60,244). However, the Director continues to provide a loan of £97,058 (2023: £97,200) and has identified his willingness to continue to support the business for the foreseeable future. The financial statements have therefore been prepared on a going concern basis.true
1.3
Turnover
Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.
1.4
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life. The goodwill is fully amortised.
1.5
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Other property, plant and equipment
20% reducing balance
Furniture, fittings and equipment
20% and 33% reducing balance
Motor vehicles
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
MAC CONSTRUCTION (ANGLIA) LIMITED
TRADING AS 'STOUR VALLEY PROPERTY SERVICES'
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
1.7
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.8
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1.9
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
MAC CONSTRUCTION (ANGLIA) LIMITED
TRADING AS 'STOUR VALLEY PROPERTY SERVICES'
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
3
Intangible fixed assets
Goodwill
£
Cost
At 1 November 2023 and 31 October 2024
12,000
Amortisation and impairment
At 1 November 2023 and 31 October 2024
12,000
Carrying amount
At 31 October 2024
At 31 October 2023
4
Tangible fixed assets
Other property, plant and equipment
Furniture, fittings and equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 November 2023 and 31 October 2024
23,599
2,421
14,467
40,487
Depreciation and impairment
At 1 November 2023
16,532
1,791
13,140
31,463
Depreciation charged in the year
1,413
202
332
1,947
At 31 October 2024
17,945
1,993
13,472
33,410
Carrying amount
At 31 October 2024
5,654
428
995
7,077
At 31 October 2023
7,067
630
1,327
9,024
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
481
299
MAC CONSTRUCTION (ANGLIA) LIMITED
TRADING AS 'STOUR VALLEY PROPERTY SERVICES'
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 5 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
2,500
2,500
Taxation and social security
475
Other creditors
102,138
104,096
104,638
107,071
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
1,667
4,167
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
9
Directors' transactions
During the period the director continued to provide an interest free loan considered repayable on demand, amounts owing are £97,058 (2023: £97,200).