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Company Registration No. 10178593 (England and Wales)
MAC FUELS AND RETAIL LIMITED Unaudited accounts for the year ended 31 August 2024
MAC FUELS AND RETAIL LIMITED Unaudited accounts Contents
Page
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MAC FUELS AND RETAIL LIMITED Company Information for the year ended 31 August 2024
Director
Makesh Kaul
Company Number
10178593 (England and Wales)
Registered Office
209 The Heights Northolt Middlesex UB5 4BX United Kingdom
Accountants
IRTS Business Solutions Limited 209 The Heights Northolt Middlesex UB5 4BX
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MAC FUELS AND RETAIL LIMITED Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,298 
1,731 
Current assets
Inventories
479,418 
432,677 
Debtors
112,607 
99,248 
Cash at bank and in hand
619,614 
667,266 
1,211,639 
1,199,191 
Creditors: amounts falling due within one year
(943,203)
(885,333)
Net current assets
268,436 
313,858 
Total assets less current liabilities
269,734 
315,589 
Creditors: amounts falling due after more than one year
(19,444)
(30,556)
Net assets
250,290 
285,033 
Capital and reserves
Share premium
2 
2 
Profit and loss account
250,288 
285,031 
Shareholders' funds
250,290 
285,033 
For the year ending 31 August 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 August 2025 and were signed on its behalf by
Makesh Kaul Director Company Registration No. 10178593
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MAC FUELS AND RETAIL LIMITED Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
MAC FUELS AND RETAIL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10178593. The registered office is 209 The Heights, Northolt, Middlesex, UB5 4BX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20%
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2023
4,328 
At 31 August 2024
4,328 
Depreciation
At 1 September 2023
2,597 
Charge for the year
433 
At 31 August 2024
3,030 
Net book value
At 31 August 2024
1,298 
At 31 August 2023
1,731 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
112,049 
96,580 
Accrued income and prepayments
558 
558 
Other debtors
- 
2,110 
112,607 
99,248 
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MAC FUELS AND RETAIL LIMITED Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
97,979 
99,914 
Trade creditors
711,848 
613,655 
Taxes and social security
115,010 
122,280 
Other creditors
17,265 
- 
Loans from directors
1,101 
30,754 
Accruals
- 
18,730 
943,203 
885,333 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
19,444 
30,556 
8
Average number of employees
During the year the average number of employees was 73 (2023: 70).
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