Mac Vac Ltd 07214487 false 2024-08-01 2025-07-31 2025-07-31 The principal activity of the company is that of chimney sweeping services. Digita Accounts Production Advanced 6.30.9574.0 true 07214487 2024-08-01 2025-07-31 07214487 2025-07-31 07214487 core:CurrentFinancialInstruments 2025-07-31 07214487 core:CurrentFinancialInstruments core:WithinOneYear 2025-07-31 07214487 core:Goodwill 2025-07-31 07214487 core:MotorVehicles 2025-07-31 07214487 core:OfficeEquipment 2025-07-31 07214487 core:PlantMachinery 2025-07-31 07214487 1 2025-07-31 07214487 bus:SmallEntities 2024-08-01 2025-07-31 07214487 bus:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 07214487 bus:FilletedAccounts 2024-08-01 2025-07-31 07214487 bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 07214487 bus:RegisteredOffice 2024-08-01 2025-07-31 07214487 bus:Director1 2024-08-01 2025-07-31 07214487 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 07214487 core:Goodwill 2024-08-01 2025-07-31 07214487 core:ComputerEquipment 2024-08-01 2025-07-31 07214487 core:MotorVehicles 2024-08-01 2025-07-31 07214487 core:OfficeEquipment 2024-08-01 2025-07-31 07214487 core:PlantMachinery 2024-08-01 2025-07-31 07214487 core:Vehicles 2024-08-01 2025-07-31 07214487 countries:EnglandWales 2024-08-01 2025-07-31 07214487 1 2024-08-01 2025-07-31 07214487 2024-07-31 07214487 core:Goodwill 2024-07-31 07214487 core:MotorVehicles 2024-07-31 07214487 core:OfficeEquipment 2024-07-31 07214487 core:PlantMachinery 2024-07-31 07214487 1 2024-07-31 07214487 2023-08-01 2024-07-31 07214487 2024-07-31 07214487 core:CurrentFinancialInstruments 2024-07-31 07214487 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 07214487 core:MotorVehicles 2024-07-31 07214487 core:OfficeEquipment 2024-07-31 07214487 core:PlantMachinery 2024-07-31 07214487 1 2024-07-31 07214487 1 2023-08-01 2024-07-31 07214487 1 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 07214487

Mac Vac Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 July 2025

Mac Vac Ltd

Contents

Statement of Financial Position | 1
Notes to the Unaudited Financial Statements | 2 to 7

Mac Vac Ltd

(Registration number: 07214487)
Statement of Financial Position as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | - | -
Tangible assets | 5 | 11,968 | 14,008
|  | 11,968 | 14,008
Current assets |  |  |
Debtors | 6 | 536 | 672
Cash at bank and in hand |  | 8,830 | 15,189
|  | 9,366 | 15,861
Creditors: Amounts falling due within one year | 7 | (8,679) | (10,861)
Net current assets |  | 687 | 5,000
Total assets less current liabilities |  | 12,655 | 19,008
Provisions for liabilities |  | (2,274) | (416)
Net assets |  | 10,381 | 18,592
Capital and reserves |  |  |
Called up share capital |  | 3 | 3
Profit and loss account |  | 10,378 | 18,589
Shareholders' funds |  | 10,381 | 18,592

For the financial year ending 31 July 2025 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 8 December 2025 and signed on its behalf by:

Mr A J Tye Director

Mac Vac Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Chase
Tavistock Road
Yelverton
Devon
PL20 6ED

Principal activity

The principal activity of the company is that of chimney sweeping services.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Mac Vac Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

2 | Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 25% reducing balance
Computer equipment | 33% straight line
Motor vehicles | 25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Amortisation

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

Asset class | Amortisation method and rate
Goodwill | 5 years

Mac Vac Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

2 | Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past
event; it is probable that the entity will be required to transfer economic benefits in settlement and the
amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the
statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at
the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current
best estimate of the amount that would be required to settle the obligation. Any adjustments to the
amounts previously recognised are recognised in profit or loss unless the provision was originally
recognised as part of the cost of an asset. When a provision is measured at the present value of the
amount expected to be required to settle the obligation, the unwinding of the discount is recognised in
finance costs in profit or loss in the period it arises.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Mac Vac Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 August 2024 | 64,000 | 64,000
At 31 July 2025 | 64,000 | 64,000
Amortisation
At 1 August 2024 | 64,000 | 64,000
At 31 July 2025 | 64,000 | 64,000
Carrying amount
At 31 July 2025 | - | -

Mac Vac Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

5 | Tangible assets

| Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 August 2024 | 12,597 | 904 | 13,194 | 26,695
Additions | 1,952 | - | - | 1,952
Disposals | (608) | - | - | (608)
At 31 July 2025 | 13,941 | 904 | 13,194 | 28,039
Depreciation
At 1 August 2024 | 10,409 | 904 | 1,374 | 12,687
Charge for the year | 780 | - | 2,955 | 3,735
Eliminated on disposal | (351) | - | - | (351)
At 31 July 2025 | 10,838 | 904 | 4,329 | 16,071
Carrying amount
At 31 July 2025 | 3,103 | - | 8,865 | 11,968
At 31 July 2024 | 2,188 | - | 11,820 | 14,008

6 | Debtors

| 2025 £ | 2024 £
Prepayments | 536 | 672
| 536 | 672

Mac Vac Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Taxation and social security | 4,069 | 4,992
Accruals and deferred income | 2,115 | 2,015
Other creditors | 2,495 | 3,854
| 8,679 | 10,861

8 | Reserves

Profit and loss account:
This reserve records retained earnings and accumulated losses.

9 | Related party transactions

Transactions with directors

During the year the directors entered into the following advances and credits with the company:

2025 | At 1 August 2024 £ | Advances to director £ | At 31 July 2025 £
Directors | (3,852) | 1,356 | (2,496)

2024 | At 1 August 2023 £ | Advances to director £ | At 31 July 2024 £
Directors | (5,308) | 1,456 | (3,852)