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MCA Windows And Doors Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Ian Roper & Company Ltd
Chartered Accountants
6a Hubbards
Curload
Taunton
Somerset
TA3 6JD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 9644117
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 9,145 18,290
Tangible Assets 5 30,034 26,319
39,179 44,609
CURRENT ASSETS
Stocks 6 32,172 31,156
Debtors 7 23,503 15,480
Cash at bank and in hand 73,138 61,395
128,813 108,031
Creditors: Amounts Falling Due Within One Year 8 (123,712 ) (115,597 )
NET CURRENT ASSETS (LIABILITIES) 5,101 (7,566 )
TOTAL ASSETS LESS CURRENT LIABILITIES 44,280 37,043
Creditors: Amounts Falling Due After More Than One Year 9 (9,297 ) (19,896 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,987 ) (2,987 )
NET ASSETS 31,996 14,160
CAPITAL AND RESERVES
Called up share capital 12 2 2
Profit and Loss Account 31,994 14,158
SHAREHOLDERS' FUNDS 31,996 14,160
Page 1
Page 2
For the year ending 30 November 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Steven Taylor
Director
Mrs Laura Taylor
Director
6th August 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MCA Windows And Doors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 9644117 . The registered office is Unit 4 West End, Lords Meadow Industrial Estate, Crediton, Devon, EX17 1ES.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10%
Plant & Machinery 25%
Motor Vehicles 25%
Fixtures & Fittings 25%
Computer Equipment 33%
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are 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 proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 4)
3 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2023 91,450
As at 30 November 2024 91,450
Amortisation
As at 1 December 2023 73,160
Provided during the period 9,145
As at 30 November 2024 82,305
Net Book Value
As at 30 November 2024 9,145
As at 1 December 2023 18,290
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 December 2023 9,070 1,291 41,839 2,147
Additions 10,366 - - -
As at 30 November 2024 19,436 1,291 41,839 2,147
Depreciation
As at 1 December 2023 5,442 1,119 22,054 295
Provided during the period 907 43 4,947 463
As at 30 November 2024 6,349 1,162 27,001 758
Net Book Value
As at 30 November 2024 13,087 129 14,838 1,389
As at 1 December 2023 3,628 172 19,785 1,852
Computer Equipment Total
£ £
Cost
As at 1 December 2023 3,378 57,725
Additions - 10,366
As at 30 November 2024 3,378 68,091
Depreciation
As at 1 December 2023 2,496 31,406
Provided during the period 291 6,651
As at 30 November 2024 2,787 38,057
Net Book Value
As at 30 November 2024 591 30,034
As at 1 December 2023 882 26,319
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles - 15,225
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Page 6
6. Stocks
2024 2023
£ £
Materials 14,309 17,741
Work in progress 17,863 13,415
32,172 31,156
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 17,908 9,143
Prepayments and accrued income 895 849
Other debtors 4,700 5,488
23,503 15,480
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,599 3,599
Trade creditors 38,018 36,521
Bank loans and overdrafts 6,999 7,000
Corporation tax 21,672 13,184
Other taxes and social security 1,020 7,547
VAT 15,653 8,848
Net wages 3,080 4,038
Other creditors 11,043 11,728
Accruals and deferred income 3,192 4,008
Directors' loan accounts 19,436 19,124
123,712 115,597
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 9,297 12,896
Bank loans - 7,000
9,297 19,896
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10. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 16,495
11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,727 4,727
Later than one year and not later than five years 12,211 16,938
16,938 21,665
Less: Finance charges allocated to future periods 4,042 5,170
12,896 16,495
12. Share Capital
2024 2023
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1 each 2 2
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