REGISTERED NUMBER: 03180260 (England and Wales)

MCMS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

M T Molloy

Mrs H Molloy

J M Cope

SECRETARY:

Mrs H Molloy

REGISTERED OFFICE:

255 Green Lanes

Palmers Green

London

N13 4XE

REGISTERED NUMBER:

03180260 (England and Wales)

ACCOUNTANTS:

John Crook & Partners LLP

Chartered Accountants

255 Green Lanes

Palmers Green

London

N13 4XE

FIXED ASSETS

Tangible assets

4

37,676

17,548

CURRENT ASSETS

Stocks

451

917

Debtors

5

810,947

736,482

Cash at bank

515,810

460,223

1,327,208

1,197,622

CREDITORS

Amounts falling due within one year

6

301,123

336,421

NET CURRENT ASSETS

1,026,085

861,201

TOTAL ASSETS LESS CURRENT LIABILITIES

1,063,761

878,749

PROVISIONS FOR LIABILITIES

4,769

2,613

NET ASSETS

1,058,992

876,136

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

1,058,792

875,936

SHAREHOLDERS' FUNDS

1,058,992

876,136

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2026 and were signed on its behalf by:

M T Molloy - Director

Mrs H Molloy - Director

J M Cope - Director

1.	STATUTORY INFORMATION

MCMS 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 represents the amount derived from the provision of goods and services falling within the company's activities after deduction of trade discount and value added tax.

When providing day services, turnover is usually recognised on completion of the service and, for monthly engagements, it is recognised by reference to the stage of completion at the balance sheet date if not invoiced in that month..

Fees receivable in respect of adjudication appointments is recognised on delivery of the adjudication to the parties as the company has no right to any income until the adjudication is delivered

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance and 10% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Paintings and antiques are included in fixtures and fittings. These items are maintained to a high standard and are believed to have an indefinite life. These items are therefore not depreciated.

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 Statement of Income and Retained Earnings, 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

40,110

2,658

18,535

61,303

Additions

12,100

2,390

10,988

25,478

Disposals

-

-

(3,882

)

(3,882

)

At 31 December 2025

52,210

5,048

25,641

82,899

DEPRECIATION

At 1 January 2025

29,211

1,777

12,767

43,755

Charge for year

660

570

3,541

4,771

Eliminated on disposal

-

-

(3,303

)

(3,303

)

At 31 December 2025

29,871

2,347

13,005

45,223

NET BOOK VALUE

At 31 December 2025

22,339

2,701

12,636

37,676

At 31 December 2024

10,899

881

5,768

17,548

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

150,272

253,928

Amounts owed by associates

422,527

324,419

Amounts recoverable on contract

33,673

50,723

Other debtors

204,475

107,412

810,947

736,482

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

286,724

324,369

Other creditors

14,399

12,052

301,123

336,421

7.	LEASING AGREEMENTS

The amount falling due under non cancellable operating leases is £82,044 (2024 - £130,679). This amount is payable over 2 years.

The amount due on the car lease is £2,063 (2024 - £4,710) which is repayable over one year..

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

£

£

J M Cope

Balance outstanding at start of year

52,600

-

Amounts advanced

167,161

52,600

Amounts repaid

(52,600

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

167,161

52,600

The loan is interest free and repayable on demand.

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £443,364 were paid to the directors .

MCMS Investments

The company has loaned £420,000 (2024 - £320,000) to MCMS Investments Limited. Interest is charged at the Bank of England base rate. The interest charged during the year was £10,716.