Company Registration No. 11061231 (England and Wales)
Maclav Limited
Unaudited accounts
for the year ended 31 March 2025
Maclav Limited
Unaudited accounts
Contents
Maclav Limited
Company Information
for the year ended 31 March 2025
Directors
Sean Lavender
Clare MacMillan
Company Number
11061231 (England and Wales)
Registered Office
Room 212
The Hope Xchange Building
1 - 3 Hind Street
Sunderland
SR1 3QD
United Kingdom
Accountants
Pearl Accounting Limited
Suite 1
116 Ballards Lane
Finchley
London
N3 2DN
Maclav Limited
Statement of financial position
as at 31 March 2025
Tangible assets
120,273
146,323
Cash at bank and in hand
26,779
35,287
Creditors: amounts falling due within one year
(329,711)
(317,019)
Net current assets
30,863
55,461
Total assets less current liabilities
193,351
234,784
Creditors: amounts falling due after more than one year
(1,667)
(11,651)
Net assets
191,684
223,133
Called up share capital
100
100
Profit and loss account
191,584
223,033
Shareholders' funds
191,684
223,133
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 30 December 2025 and were signed on its behalf by
Sean Lavender
Director
Company Registration No. 11061231
Maclav Limited
Notes to the Accounts
for the year ended 31 March 2025
Maclav Limited is a private company, limited by shares, registered in England and Wales, registration number 11061231. The registered office is Room 212, The Hope Xchange Building, 1 - 3 Hind Street, Sunderland, SR1 3QD, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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% written down value
Motor vehicles
20% written down value
Fixtures & fittings
25% written down value
Computer equipment
25% written down value
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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.
Investments in shares are included at fair value.
Maclav Limited
Notes to the Accounts
for the year ended 31 March 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
14,071
115,942
19,080
79,346
228,439
Additions
2,712
-
-
1,060
3,772
At 31 March 2025
16,783
115,942
19,080
80,406
232,211
At 1 April 2024
8,740
7,729
15,684
49,963
82,116
Charge for the year
1,888
21,643
849
5,442
29,822
At 31 March 2025
10,628
29,372
16,533
55,405
111,938
At 31 March 2025
6,155
86,570
2,547
25,001
120,273
At 31 March 2024
5,331
108,213
3,396
29,383
146,323
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Investments
Other investments
Valuation at 1 April 2024
33,000
Valuation at 31 March 2025
42,215
Amounts falling due within one year
Amounts due from group undertakings etc.
331,370
332,700
Accrued income and prepayments
1,225
752
Maclav Limited
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
85,812
101,916
Trade creditors
12,045
5,870
Amounts owed to group undertakings and other participating interests
149,830
106,425
Taxes and social security
28,172
69,359
Other creditors
22,366
14,346
Loans from directors
-
117
8
Creditors: amounts falling due after more than one year
2025
2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 10 (2024: 10).