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Company Registration No. 07975798 (England and Wales)
MAC Building Solutions Ltd Unaudited accounts for the year ended 31 March 2025
MAC Building Solutions Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
MAC Building Solutions Ltd Company Information for the year ended 31 March 2025
Directors
Ben MacKereth Putri Dorothy MacKereth Oren Woods Jack Lloyd Greenwood
Company Number
07975798 (England and Wales)
Registered Office
The Engine Room 18 The Power Station London SW11 8BZ United Kingdom
Accountants
Abacus Accounting Solutions Ltd 5 Pasture Close North Wembley Middlesex HA0 3JE
- 3 -
MAC Building Solutions Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
34,491
44,535
Current assets
Inventories
21,662
21,833
Debtors
5
633,474
1,010,162
Cash at bank and in hand
169,085
89,445
824,221
1,121,440
Creditors: amounts falling due within one year
6
(173,104)
(276,613)
Net current assets
651,117
844,827
Total assets less current liabilities
685,608
889,362
Creditors: amounts falling due after more than one year
7
(5,497)
(82,281)
Net assets
680,111
807,081
Capital and reserves
Called up share capital
8
20
20
Profit and loss account
680,091
807,061
Shareholders' funds
680,111
807,081
For the year ending 31 March 2025 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 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 of Directors and authorised for issue on 2 September 2025 and were signed on its behalf by
Putri Dorothy MacKereth Director Company Registration No. 07975798
- 4 -
MAC Building Solutions Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
MAC Building Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 07975798. The registered office is The Engine Room, 18 The Power Station, London, SW11 8BZ, 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.
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:
Plant & machinery
25% Reducing balance
Motor vehicles
20% Reducing balance
Computer equipment
33% on cost
Government grants
Grants receivable Business grants are credited to profit and loss account on an accruals basis where it is probable that they will be received. Government assisted loans Loans received through the Bounce Back Loan Scheme (BBLS) or the Coronavirus Business Interruption Loan Scheme (CBILS) are accounted for on the date the funds are received by the company. The first twelve months of the interest charge, which is funded by the government, is recognised in the profit and loss account as both an interest charge and as a government grant receivable.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Stock
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
- 5 -
MAC Building Solutions Ltd Notes to the Accounts for the year ended 31 March 2025
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
37,881
51,520
14,235
103,636
Additions
2,896
-
1,748
4,644
Disposals
-
(9,913)
-
(9,913)
At 31 March 2025
40,777
41,607
15,983
98,367
Depreciation
At 1 April 2024
22,325
24,906
11,870
59,101
Charge for the year
4,613
4,673
2,156
11,442
On disposals
-
(6,667)
-
(6,667)
At 31 March 2025
26,938
22,912
14,026
63,876
Net book value
At 31 March 2025
13,839
18,695
1,957
34,491
At 31 March 2024
15,556
26,614
2,365
44,535
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
633,375
1,010,162
Other debtors
99
-
633,474
1,010,162
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
70,575
64,060
Trade creditors
6,203
75,496
Taxes and social security
84,028
114,511
Other creditors
11,148
21,446
Accruals
1,150
1,100
173,104
276,613
- 6 -
MAC Building Solutions Ltd Notes to the Accounts for the year ended 31 March 2025
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
5,497
82,281
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
500 Ordinary shares of £0.01 each
5
5
500 Ordinary A shares of £0.01 each
5
5
500 Ordinary B shares of £0.01 each
5
5
500 Ordinary C shares of £0.01 each
5
5
20
20
9
Average number of employees
During the year the average number of employees was 4 (2024: 4).
- 7 -