TheMac Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05951701 (England and Wales)

Themac Limited

Unaudited Financial Statements

For The Year Ended

31 December 2018

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

to

4

Directors:

I Goody

Mrs A S Goody

Secretary:

I Goody

Registered office:

Independent House

18-20 Thorpe Road

Norwich

Norfolk

NR1 1RY

Registered number:

05951701 (England and Wales)

Accountants:

Haines Watts

Chartered Accountants

97 Yarmouth Road

Norwich

Norfolk

NR7 0HF

Fixed assets

Tangible assets

4

1,455

1,940

Current assets

Cash at bank

616

528

Creditors

Amounts falling due within one year

5

2,634

2,978

Net current liabilities

(2,018

)

(2,450

)

Total assets less current liabilities

(563

)

(510

)

Capital and reserves

Called up share capital

6

100

Retained earnings

(663

)

(610

)

Shareholders' funds

(563

)

(510

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors on 17 September 2019 and were signed on its
behalf by:

I Goody - Director

1.	Statutory information

Themac 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 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.

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 3 (2017 - 1 ) .

4.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 January 2018

and 31 December 2018

6,779

Depreciation

At 1 January 2018

4,839

Charge for year

485

At 31 December 2018

5,324

Net book value

At 31 December 2018

1,455

At 31 December 2017

1,940

5.

Creditors: amounts falling due within one year

2018

2017

£

Trade creditors

105

65

Taxation and social security

537

921

Other creditors

1,992

2,634

2,978

6.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

100

Ordinary

1

100

7.	Related party disclosures

During the year sales of £16,450 (£11,950 - 2017) were made to a company in which the directors, I Goody

and Mrs A S Goody also have a position of sole directorship.

TheMac Limited - Accounts to registrar (filleted) - small 18.2

TheMac Limited - Accounts to registrar (filleted) - small 18.2