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COMPANY REGISTRATION NUMBER: 14176476
Macob Plant Limited
Filleted Unaudited Financial Statements
For the year ended
30 June 2024
Macob Plant Limited
Financial Statements
Year ended 30 June 2024
Contents
Page
Officers and professional advisers
1
Report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
Macob Plant Limited
Officers and Professional Advisers
The board of directors
Mr R J Roberts
Mr P C Roberts
Mr D J Roberts
Mr J W Myatt
Registered office
2 Oldfield Road
Bocam Park
Bridgend
Bridgend County Borough
United Kingdom
CF35 5LJ
Accountants
Clay Shaw Thomas Ltd
2 Oldfield Road
Bocam Park
Bridgend
CF35 5LJ
Macob Plant Limited
Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Macob Plant Limited
Year ended 30 June 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 30 June 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Clay Shaw Thomas Ltd
2 Oldfield Road Bocam Park Bridgend CF35 5LJ
25 July 2025
Macob Plant Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
4
104,961
103,712
Current assets
Debtors
5
26,721
25,327
Creditors: amounts falling due within one year
6
61,584
77,160
--------
--------
Net current liabilities
34,863
51,833
---------
---------
Total assets less current liabilities
70,098
51,879
Creditors: amounts falling due after more than one year
7
17,338
44,521
Provisions
Taxation including deferred tax
13,165
1,815
--------
--------
Net assets
39,595
5,543
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
39,495
5,443
--------
-------
Shareholders funds
39,595
5,543
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 June 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 .
Macob Plant Limited
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 24 July 2025 , and are signed on behalf of the board by:
Mr R J Roberts
Director
Company registration number: 14176476
Macob Plant Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Oldfield Road, Bocam Park, Bridgend, Bridgend County Borough, CF35 5LJ, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. The company recognises lease income from operating leases (excluding amounts for services such as insurance and maintenance) in profit or loss on a straight-line basis over the lease term.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
10% straight line
Motor vehicles
-
10% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Tangible assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 July 2023
2,532
105,934
108,466
Additions
16,500
16,500
Disposals
( 3,119)
( 3,119)
-------
---------
---------
At 30 June 2024
2,532
119,315
121,847
-------
---------
---------
Depreciation
At 1 July 2023
42
4,712
4,754
Charge for the year
253
12,061
12,314
Disposals
( 182)
( 182)
-------
---------
---------
At 30 June 2024
295
16,591
16,886
-------
---------
---------
Carrying amount
At 30 June 2024
2,237
102,724
104,961
-------
---------
---------
At 30 June 2023
2,490
101,222
103,712
-------
---------
---------
Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Motor vehicles
£
At 30 June 2024
87,874
--------
At 30 June 2023
96,510
--------
5. Debtors
2024
2023
£
£
Trade debtors
14,809
7,502
Other debtors
11,912
17,825
--------
--------
26,721
25,327
--------
--------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
8,715
Other creditors
52,869
77,160
--------
--------
61,584
77,160
--------
--------
Hire purchase liabilities are secured on the assets in which they relate.
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
17,338
44,521
--------
--------
Hire purchase liabilities are secured on the assets in which they relate.
8. Related party transactions
As at the year end, Macob Plant Limited was owed an amount of £3,931 (2023: Owes £36,190 to) from Macob (Cardiff) Limited. Macob (Cardiff) Limited is a company in which Mr R J Roberts is a director and shareholder. As at the year end, Macob Plant Limited owed an amount of £14,400 (2023: £nil) to Macob Scaffolding Contracts Limited. Macob Scaffolding Contracts Limited is a company in which Mr P C Roberts and Mr R J Roberts are directors and shareholders.
9. Ultimate controlling party
In the opinion of the directors, Mr R J Roberts is the ultimate controlling party.