MCL Recipe Ltd - Filleted accounts

Registered number

SC646851

MCL Recipe Ltd

Unaudited Filleted Accounts

31 March 2025

MCL Recipe Ltd
Registered number:		SC646851
Balance Sheet
as at 31 March 2025

Notes		2025			2024
£			£	£		£

Fixed assets
Tangible assets	3		18,731			20,414

Current assets
Stocks		20,000			30,000
Debtors	4	20,440			21,344
Cash at bank and in hand		108,212			121,690
		148,652			173,034

Creditors: amounts falling due within one year	5	(198,699)			(259,482)

Net current liabilities			(50,047)			(86,448)

Net liabilities			(31,316)			(66,034)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(31,416)			(66,134)

Shareholder's funds			(31,316)			(66,034)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.





Mr Chee Wei Pang
Director
Approved by the board on 31 December 2025

MCL Recipe Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods which is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	20% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		9		15


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2024				38,203
	Additions				3,000
	At 31 March 2025				41,203

	Depreciation
	At 1 April 2024				17,789
	Charge for the year				4,683
	At 31 March 2025				22,472

	Net book value
	At 31 March 2025				18,731
	At 31 March 2024				20,414


4	Debtors		2025		2024
£				£

	Other debtors		20,440		21,344


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Trade creditors		14,903		57,232
	Amounts owed to group undertakings and undertakings in which the company has a participating interest		156,910		166,910
	Taxation and social security costs		13,561		1,493
	Other creditors		13,325		33,847
			198,699		259,482


6	Related party transactions

	Included within amount owed to group undertakings is £156,910 (2024- £166,910) due to Nanyang Restaurant Limited, its parent company.


7	Other information

	MCL Recipe Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 1, 3-5 Lister Square
	Edinburgh
	Scotland
	EH3 9GL