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(1) General Information
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| MACTURNER ACCOUNTING LIMITED is a private company limited by shares, domiciled and incorporated in England and Wales. Its registered office is Petronne House, 31 Church Street, Dagenham RM10 9UR. |
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(2) Statement of compliance
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| These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime. |
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(3) Significant Accounting Policies
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| The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies regime. |
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Basis of Preparation
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| The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise. |
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Revenue recognition
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| Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below. |
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Sale of goods
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| Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them. |
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Rendering of Services
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| Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised. |
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Foreign currency
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| Transactions in foreign currencies other than its functional currency are recorded at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the year-end date are translated at the foreign exchange rate ruling at that date. Foreign exchange differences arising on translation are recognised in the income statement within financial income or expense, as appropriate. Non-monetary assets that are measured in terms of historical cost in foreign currency are translated using the exchange rate at the date of the transaction. |
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Inventories
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| Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale. |
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Taxation
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| Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. |
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Current Tax
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| The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. |
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Employee benefits
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Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. |
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(4) Critical accounting judgements and key sources of estimation uncertainty
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No judgement
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| No significant judgements or estimates have been made in preparation of these financial statements. |
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(5) Turnover
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| The revenue from company's operations comprise: |
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| | | 2025 | | 2024 | | £ | | £ | | | Sales | 38,434 | | 38,339 | | Other Trading Income | 301 | | 405 | | | | | | 38,735 | | 38,744 |
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(6) Operating profit
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| Operating profit for the year from continuing operations has been arrived after charging: | | 2025 | | 2024 | | £ | | £ | | | | | | | Staff costs | 900 | | 12,445 | | Director's remuneration | 7,800 | | 11,109 | | | | | | | | | | | | | | 8,700 | | 23,554 | |
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(7) Employees
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| During the year, the average number of employees including director was 0 (2024 : 0). |
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The above numbers are averages for the year and calculated on a full-time equivalent basis. The aggregate payroll costs of the above were: | | | 2025 | | 2024 | | £ | | £ | | | Wages and salaries | 8,700 | | 23,445 | | | | | | Pension contributions | - | | 109 | | 8,700 | | 23,554 | |
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(8) Tax
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Current tax
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| | 2025 | | 2024 | | £ | | £ | | | Corporation tax charge for current year | 3,602 | | - | | | | | | Total current tax | 3,602 | | - |
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(9) Inventories
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| | | 2025 | | 2024 | | £ | | £ | | | Assets B/Fwd | - | | (1,467) | | | | | | - | | (1,467) |
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(10) Debtors
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Amounts falling due within one year
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| | | 2025 | | 2024 | | £ | | £ | | | | | | | Other debtors | 170,865 | | 147,023 | | | | | | 170,865 | | 147,023 |
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(11) Cash and cash equivalents
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| | | 2025 | | 2024 | | £ | | £ | | | Bank balance | 50 | | - | | | | | | 50 | | - |
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(12) Creditors: Amounts falling due within one year
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| | | 2025 | | 2024 | | £ | | £ | | | | | | | Bank loans and overdrafts | 80 | | 80 | | | | | | Other taxes and social security | 41,995 | | 34,616 | | Other creditors | 46,532 | | 45,512 | | | | | | 88,607 | | 80,208 |
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(13) Creditors: Amounts falling due after more than one year
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| | | 2025 | | 2024 | | £ | | £ | | | Bank loans and overdrafts | 39,731 | | 39,731 | | | | | | Other creditors | 1,120 | | 1,120 | | 40,851 | | 40,851 |
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(14) Share capital and reserves
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| | Alloted, called up and fully paid: | 2025 | | 2024 | | £ | | £ | | | 100 (2024 : 100) Ordinary Shares of £ 1 each | 100 | | 100 | | 100 | | 100 | | | Ordinary shares hold equal voting rights. | | | Retained earnings | | | 2025 | | | | £ | | At 1 October 2024 | | | 25,749 | | Profit of the year | | | 12,137 | | Dividends paid | | | (2,000) | | At 30 September 2025 | | | 35,886 | |
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