Company No: 07078152 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	4	2,401		2,881
		2,401		2,881
Current assets
Debtors	5	186,226		131,506
Cash at bank and in hand		18,130		16,308
		204,356		147,814
Creditors: amounts falling due within one year	6	( 97,528)		( 65,602)
Net current assets		106,828		82,212
Total assets less current liabilities		109,229		85,093
Creditors: amounts falling due after more than one year	7	0		( 3,161)
Net assets		109,229		81,932
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		109,129		81,832
Total shareholders' funds		109,229		81,932

For the financial year ending 31 March 2026 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Mac Eleven Limited (registered number: 07078152) were approved and authorised for issue by the Board of Directors on 26 May 2026. They were signed on its behalf by:

Mr A MacGowan Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Mac Eleven Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax. The company recognises revenue based on its value of the service provided to date.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

5 years straight line

Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 5 years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Fixtures and fittings	5 years straight line
Office equipment	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2025	10,000		10,000
At 31 March 2026	10,000		10,000
Accumulated amortisation
At 01 April 2025	10,000		10,000
At 31 March 2026	10,000		10,000
Net book value
At 31 March 2026	0		0
At 31 March 2025	0		0

4. Tangible assets

	Fixtures and fittings		Office equipment		Total
	£		£		£
Cost
At 01 April 2025	523		10,310		10,833
Additions	0		595		595
At 31 March 2026	523		10,905		11,428
Accumulated depreciation
At 01 April 2025	523		7,429		7,952
Charge for the financial year	0		1,075		1,075
At 31 March 2026	523		8,504		9,027
Net book value
At 31 March 2026	0		2,401		2,401
At 31 March 2025	0		2,881		2,881

5. Debtors

	2026		2025
	£		£
Trade debtors	39,463		18,843
Amounts owed by directors	127,341		111,937
Prepayments	744		726
Other debtors	18,678		0
	186,226		131,506

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans and overdrafts	18,458		16,609
Trade creditors	1,608		47
Accruals	2,500		2,300
Corporation tax	65,298		40,836
Other taxation and social security	9,664		5,810
	97,528		65,602

7. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans	0		3,161

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

9. Financial commitments

Other financial commitments

	2026		2025
	£		£
Operating leases - Not later than one year	11,836		0
Operating leases - Later than one year and not later than five years	13,054		0
Operating leases - Later than five years	0		0
	24,890		0

The amount of non-cancellable operating lease payments recognised as an expense during the year was £5,092 (2025 - £- ).

10. Related party transactions

Transactions with the entity's directors

	2026		2025
	£		£
Opening Balance	111,937		116,971
Advances to director	156,362		147,689
Repayments by director	(140,958)		(152,723)
Closing Balance	127,341		111,937

During the year the company operated a loan account with its directors. The loan is repayable upon demand and interest is charged at the rate stipulated by HMRC.