MC_Projects_and_Consultancy_Limited_31_Dec_2024_companies_house_set_of

MC Projects And Consultancy Limited

Report to the board of directors on the preparation of the unaudited statutory financial statements of MC Projects And Consultancy Limited

Year ended

31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements

MC Projects And Consultancy Limited

for the year ended

31 December 2024

which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Members/Doc/rule/2018-rulebook.pdf.

This report is made solely to the Board of Directors of

MC Projects And Consultancy Limited

, as a body. Our work has been undertaken solely to prepare for your approval the

financial statements

MC Projects And Consultancy Limited

and state those matters that we have agreed to state to the Board of Directors of

MC Projects And Consultancy Limited

, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than

MC Projects And Consultancy Limited

and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that

MC Projects And Consultancy Limited

has kept adequate accounting records and to prepare statutory

financial statements

that give a true and fair view of the assets, liabilities, financial position and profit of

MC Projects And Consultancy Limited

. You consider that

MC Projects And Consultancy Limited

is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MC Projects And Consultancy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

A G Smith & Co Ltd

Chartered Certified Accountants

Unit 8

Laceby Business Park

Laceby

North East Lincs

DN37 7DP

United Kingdom

Date:

29 September 2025

MC Projects And Consultancy Limited

Statement of Financial Position

31 December 2024

		2024		2023
	Note	£		£
Fixed assets
Tangible assets	5	128,328		97,795
Current assets
Debtors	6	16,947		27,422
Cash at bank and in hand		12,188		22,933
		29,135		50,355
Creditors: amounts falling due within one year	7	(18,189	)	(24,460	)
Net current assets		10,946		25,895
Total assets less current liabilities		139,274		123,690
Creditors: amounts falling due after more than one year	8	(14,948	)	-
Provisions for liabilities		(1,639	)	(64	)
Net assets		122,687		123,626
Capital and reserves
Called up share capital		200		200
Profit and loss account		122,487		123,426
Shareholders funds		122,687		123,626

For the 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 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.

These

financial statements

have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.

In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.

These

financial statements

were approved by the board of directors and authorised for issue on

29 September 2025

, and are signed on behalf of the board by:

K Crome

Director

Company registration number:

11952435

MC Projects And Consultancy Limited

Notes to the Financial Statements

Year ended

31 December 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

124 Main Road

Humberston Fitties

Cleethorpes

North East Lincolnshire

DN36 4EZ

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services supplied, net of discounts and Value Added Tax.

Current tax

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.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Land and buildings	over the period of the lease
Fixtures and fittings	20% straight line
Office equipment	Straight line over 3 years

Finance leases and hire purchase contracts

Assets held under finance leases 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Pension costs and other post-retirement benefits

The company operates and defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4 Average number of employees

The average number of persons employed by the company during the year was

(2023:

3.00

5 Tangible assets

	Land and buildings	Plant and machinery etc.	Total
	£	£	£
Cost
At 1 January 2024	100,453	867	101,320
Additions	6,135	29,086	35,221
At 31 December 2024	106,588	29,953	136,541
Depreciation
At 1 January 2024	2,915	610	3,525
Charge	1,602	3,086	4,688
At 31 December 2024	4,517	3,696	8,213
Carrying amount
At 31 December 2024	102,071	26,257	128,328
At 31 December 2023	97,538	257	97,795

6 Debtors

	2024	2023
	£	£
Trade debtors	10,604	5,400
Other debtors	6,343	22,022
	16,947	27,422

7 Creditors: amounts falling due within one year

	2024	2023
	£	£
Taxation and social security	17,023	22,593
Other creditors	1,166	1,867
	18,189	24,460

Creditors falling due within one year include amounts owed under hire purchase and lease of £1,097 which are secured on the assets concerned.

8 Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Other creditors	14,948		-

Creditors falling due after more than one year include amounts due under hire purchase and lease of £14,948 which are secured on the assets concerned.