REGISTERED NUMBER: 05159633 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

MC1 Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C McClure

Ms E McClure

Mr T McClure

Mr W McClure

REGISTERED OFFICE:

Meadowcroft

Low Road

Forncett St Mary

Norfolk

NR16 1JJ

REGISTERED NUMBER:

05159633 (England and Wales)

FIXED ASSETS

Tangible assets

4

444,144

351,108

Investment property

5

275,000

275,000

719,144

626,108

CURRENT ASSETS

Stocks

25,643

14,210

Debtors

6

1,293,360

791,871

Cash at bank

1,318,470

5,071,381

2,637,473

5,877,462

CREDITORS

Amounts falling due within one year

7

734,250

4,401,339

NET CURRENT ASSETS

1,903,223

1,476,123

TOTAL ASSETS LESS CURRENT LIABILITIES

2,622,367

2,102,231

PROVISIONS FOR LIABILITIES

115,749

79,210

NET ASSETS

2,506,618

2,023,021

CAPITAL AND RESERVES

Called up share capital

1,006

1,006

Revaluation reserve

8

79,513

79,513

Retained earnings

2,426,099

1,942,502

SHAREHOLDERS' FUNDS

2,506,618

2,023,021

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2025 and were signed on its behalf by:

Mr T McClure - Director

Mr W McClure - Director

1.	STATUTORY INFORMATION

MC1 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Plant and machinery etc

-

25% on cost, 20% on reducing balance and 15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a 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.

3.

3

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

10,936

862,092

873,028

Additions

-

186,197

186,197

At 31 March 2025

10,936

1,048,289

1,059,225

DEPRECIATION

At 1 April 2024

3,937

517,983

521,920

Charge for year

219

92,942

93,161

At 31 March 2025

4,156

610,925

615,081

NET BOOK VALUE

At 31 March 2025

6,780

437,364

444,144

At 31 March 2024

6,999

344,109

351,108

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

275,000

NET BOOK VALUE

At 31 March 2025

275,000

At 31 March 2024

275,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

718,549

590,590

Other debtors

574,811

201,281

1,293,360

791,871

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

231,199

114,057

Taxation and social security

497,704

357,941

Other creditors

5,347

3,929,341

734,250

4,401,339

8.

RESERVES

Revaluatio

reserve

£

At 1 April 2024

and 31 March 2025

79,513