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Company No: 09211723 (England and Wales)

MC SHOPS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

MC SHOPS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

MC SHOPS LIMITED

BALANCE SHEET

As at 31 December 2024
MC SHOPS LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 23,598 22,494
23,598 22,494
Current assets
Stocks 18,102 12,631
Debtors 4 15,229 948
Cash at bank and in hand 53,064 38,513
86,395 52,092
Creditors: amounts falling due within one year 5 ( 44,973) ( 39,590)
Net current assets 41,422 12,502
Total assets less current liabilities 65,020 34,996
Provision for liabilities ( 5,900) 0
Net assets 59,120 34,996
Capital and reserves
Called-up share capital 100 100
Profit and loss account 59,020 34,896
Total shareholders' funds 59,120 34,996

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 financial statements of MC Shops Limited (registered number: 09211723) were approved and authorised for issue by the Board of Directors on 07 August 2025. They were signed on its behalf by:

Mr T D Harrison
Director
Mr R P Bookham
Director
MC SHOPS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
MC SHOPS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

MC Shops Limited is a private limited company, limited by shares, incorporated in England and Wales with registered number 09211723. The address of the registered office is Estate Office, Pallinghurst Farm, Rudgwick, Horsham, West Sussex, RH12 3BQ.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Turnover

Turnover comprises revenue recognised by the company in respect of cafe sales during the year net of discounts, VAT and other sales related taxes.

Taxation

Current tax
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following bases:

Plant and machinery etc. 25 % reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

Stocks

Stock is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. cost includes all direct costs and an appropriate portion of fixed and variable overheads.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at transaction price. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 12 12

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2024 39,989 39,989
Additions 8,970 8,970
At 31 December 2024 48,959 48,959
Accumulated depreciation
At 01 January 2024 17,495 17,495
Charge for the financial year 7,866 7,866
At 31 December 2024 25,361 25,361
Net book value
At 31 December 2024 23,598 23,598
At 31 December 2023 22,494 22,494

4. Debtors

2024 2023
£ £
Trade debtors 5,129 587
Other debtors 10,100 361
15,229 948

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 10,328 12,190
Accruals 3,600 3,000
Corporation tax 7,939 7,149
Other taxation and social security 23,106 17,251
44,973 39,590

6. Related party transactions

Included within other debtors is £nil (2023: £261) due from the director.

Included within other debtors is £10,000 (2023:£nil) due from Bookham Harrison Farms Limited, a company with common ownership to MC Shops Limited.