Acorah Software Products - Accounts Production 16.6.950 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 01569616 Mr Robert Vincent Mr Ryan Vincent Mrs Angela Vincent iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01569616 2024-05-31 01569616 2025-05-31 01569616 2024-06-01 2025-05-31 01569616 frs-core:CurrentFinancialInstruments 2025-05-31 01569616 frs-core:Non-currentFinancialInstruments 2025-05-31 01569616 frs-core:BetweenOneFiveYears 2025-05-31 01569616 frs-core:FurnitureFittings 2025-05-31 01569616 frs-core:FurnitureFittings 2024-06-01 2025-05-31 01569616 frs-core:FurnitureFittings 2024-05-31 01569616 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-05-31 01569616 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-01 2025-05-31 01569616 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-31 01569616 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-05-31 01569616 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 01569616 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 01569616 frs-core:MotorVehicles 2025-05-31 01569616 frs-core:MotorVehicles 2024-06-01 2025-05-31 01569616 frs-core:MotorVehicles 2024-05-31 01569616 frs-core:PlantMachinery 2025-05-31 01569616 frs-core:PlantMachinery 2024-06-01 2025-05-31 01569616 frs-core:PlantMachinery 2024-05-31 01569616 frs-core:WithinOneYear 2025-05-31 01569616 frs-core:ShareCapital 2025-05-31 01569616 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 01569616 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 01569616 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 01569616 frs-bus:SmallEntities 2024-06-01 2025-05-31 01569616 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 01569616 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 01569616 frs-bus:Director1 2024-06-01 2025-05-31 01569616 frs-bus:Director2 2024-06-01 2025-05-31 01569616 frs-bus:CompanySecretary1 2024-06-01 2025-05-31 01569616 frs-countries:EnglandWales 2024-06-01 2025-05-31 01569616 2023-05-31 01569616 2024-05-31 01569616 2023-06-01 2024-05-31 01569616 frs-core:CurrentFinancialInstruments 2024-05-31 01569616 frs-core:Non-currentFinancialInstruments 2024-05-31 01569616 frs-core:BetweenOneFiveYears 2024-05-31 01569616 frs-core:WithinOneYear 2024-05-31 01569616 frs-core:ShareCapital 2024-05-31 01569616 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31
Registered number: 01569616
MAC PLANT CONSTRUCTION LIMITED
Unaudited Financial Statements
For The Year Ended 31 May 2025
KV Accounting Solutions Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01569616
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,556,359 1,710,035
2,556,359 1,710,035
CURRENT ASSETS
Debtors 5 1,623,095 796,666
Cash at bank and in hand 1,289,192 1,197,555
2,912,287 1,994,221
Creditors: Amounts Falling Due Within One Year 6 (1,179,991 ) (605,932 )
NET CURRENT ASSETS (LIABILITIES) 1,732,296 1,388,289
TOTAL ASSETS LESS CURRENT LIABILITIES 4,288,655 3,098,324
Creditors: Amounts Falling Due After More Than One Year 7 (692,654 ) (51,799 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (113,188 ) (113,188 )
NET ASSETS 3,482,813 2,933,337
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 3,482,713 2,933,237
SHAREHOLDERS' FUNDS 3,482,813 2,933,337
Page 1
Page 2
For the year ending 31 May 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ryan Vincent
Director
25/11/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
MAC PLANT CONSTRUCTION LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 01569616 . The registered office is Middle Causewell Farm, Poundstock, Bude, Cornwall, EX23 0DW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 5% on cost
Leasehold 5% on cost
Plant & Machinery 20% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
Within Land and property freehold, is land purchased for £451,500 - this has not been depreciated
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 25 (2024: 30)
25 30
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 June 2024 54,000 63,788 2,729,867 719,282
Additions 1,044,750 - 158,353 101,262
Disposals - - (132,000 ) -
As at 31 May 2025 1,098,750 63,788 2,756,220 820,544
Depreciation
As at 1 June 2024 13,500 16,310 1,546,824 294,708
Provided during the period 32,363 3,189 259,628 105,167
Disposals - - (88,746 ) -
As at 31 May 2025 45,863 19,499 1,717,706 399,875
Net Book Value
As at 31 May 2025 1,052,887 44,289 1,038,514 420,669
As at 1 June 2024 40,500 47,478 1,183,043 424,574
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Page 5
Fixtures & Fittings Total
£ £
Cost
As at 1 June 2024 36,117 3,603,054
Additions - 1,304,365
Disposals - (132,000 )
As at 31 May 2025 36,117 4,775,419
Depreciation
As at 1 June 2024 21,677 1,893,019
Provided during the period 14,440 414,787
Disposals - (88,746 )
As at 31 May 2025 36,117 2,219,060
Net Book Value
As at 31 May 2025 - 2,556,359
As at 1 June 2024 14,440 1,710,035
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,447,884 728,241
Amounts recoverable on contracts 30,000 31,991
Prepayments and accrued income 36,434 36,434
Other debtors 51,100 -
Directors' loan accounts 57,677 -
1,623,095 796,666
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 123,922 98,866
Trade creditors 403,310 294,406
Bank loans and overdrafts 23,000 -
Corporation tax 277,231 2,875
Other taxes and social security 49,002 24,448
VAT 237,032 141,220
Other creditors 27,638 11,707
Accruals and deferred income 38,856 27,126
Directors' loan accounts - 5,284
1,179,991 605,932
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7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 135,064 51,799
Bank loans 557,590 -
692,654 51,799
8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 123,922 98,866
Later than one year and not later than five years 135,064 51,799
258,986 150,665
258,986 150,665
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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