REGISTERED NUMBER: 03893520 (England and Wales)

FINANCIAL STATEMENTS FOR THE PERIOD 1 JUNE 2024 TO 30 MAY 2025

FOR

MC LOGISTICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Patricia Amelia Maclean

Katalin Amalia Parry

REGISTERED OFFICE:

Unit 4

Pitcliffe Way Industrial Estate

Off Upper Castle Street

Bradford

West Yorkshire

BD5 7SG

REGISTERED NUMBER:

03893520 (England and Wales)

ACCOUNTANTS:

Walter Dawson & Son

Chartered Accountants

First Floor Offices, Unit A4

Old Power Way

Lowfields Business Park

Elland

HX5 9DE

FIXED ASSETS

Tangible assets

4

419,939

446,477

CURRENT ASSETS

Stocks

42,430

36,618

Debtors

5

317,143

306,780

Cash at bank

13,361

19,457

372,934

362,855

CREDITORS

Amounts falling due within one year

6

427,239

405,577

NET CURRENT LIABILITIES

(54,305

)

(42,722

)

TOTAL ASSETS LESS CURRENT LIABILITIES

365,634

403,755

CREDITORS

Amounts falling due after more than one year

7

(11,077

)

(26,976

)

PROVISIONS FOR LIABILITIES

(16,348

)

(17,291

)

NET ASSETS

338,209

359,488

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Revaluation reserve

110,339

110,339

Profit and loss account

217,870

239,149

338,209

359,488

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 May 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 May 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2026 and were signed on its behalf by:

Katalin Amalia Parry - Director

1.	STATUTORY INFORMATION

MC Logistics 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 as modified by the revaluation of certain assets.

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.

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer Equipment

-

33% on cost

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 period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 13 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST OR VALUATION

At 1 June 2024

569,246

181,029

23,583

Disposals

-

(19,469

)

(23,583

)

At 30 May 2025

569,246

161,560

-

DEPRECIATION

At 1 June 2024

212,811

122,645

22,980

Charge for period

11,385

5,158

-

Eliminated on disposal

-

(17,841

)

(22,980

)

At 30 May 2025

224,196

109,962

-

NET BOOK VALUE

At 30 May 2025

345,050

51,598

-

At 31 May 2024

356,435

58,384

603

Motor

Computer

vehicles

Equipment

Totals

£

£

£

COST OR VALUATION

At 1 June 2024

50,039

51,233

875,130

Disposals

-

(25,367

)

(68,419

)

At 30 May 2025

50,039

25,866

806,711

DEPRECIATION

At 1 June 2024

18,984

51,233

428,653

Charge for period

7,764

1

24,308

Eliminated on disposal

-

(25,368

)

(66,189

)

At 30 May 2025

26,748

25,866

386,772

NET BOOK VALUE

At 30 May 2025

23,291

-

419,939

At 31 May 2024

31,055

-

446,477

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

148,440

134,591

Other debtors

168,703

172,189

317,143

306,780

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

143,634

162,372

Hire purchase contracts (see note 8)

6,235

6,571

Trade creditors

85,281

49,140

Taxation and social security

62,702

65,553

Other creditors

129,387

121,941

427,239

405,577

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

10,000

Hire purchase contracts (see note 8)

11,077

16,976

11,077

26,976

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

6,235

6,571

Between one and five years

11,077

16,976

17,312

23,547

Total commitments under operating leases as at the year end are £287,998 (2024 - £23,546)

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

133,634

146,773

Bank loans

10,000

25,599

Hire purchase contracts

17,312

23,547

160,946

195,919

Bank borrowings are secured by fixed and floating charges over the assets of the company.

Hire purchase agreements are secured on the related assets.

10.	PENSION COMMITMENTS

The amount recognised in profit and loss as an expense in relation to defined contribution pension schemes was £3,992 (2024 - £7,205). £0 was owing as at the end of the accounting period.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the company made advances to the Director totalling £7,107 (2024: £13,835). These were interest free and repayable on demand.

The company received repayments totalling £7,306 (2024: £6,529).

12.	RELATED PARTY DISCLOSURES

Included in debtors is a loan due to the company in connection with properties owned by P A Maclean and K A Parry of £86,816 (2024 - £86,816). Interest has been accounted for on this loan at official rates.