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

REGISTERED NUMBER: 03770028 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2019

for

Macktech Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Marios Papantoniou

REGISTERED OFFICE:

1 Kings Avenue

Winchmore Hill

London

N21 3NA

REGISTERED NUMBER:

03770028 (England and Wales)

FIXED ASSETS

Tangible assets

3

2,750,000

2,750,000

CURRENT ASSETS

Debtors

4

412

1,084

Cash at bank

141

221

553

1,305

CREDITORS

Amounts falling due within one year

5

1,509

1,734

NET CURRENT LIABILITIES

(956

)

(429

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,749,044

2,749,571

CREDITORS

Amounts falling due after more than one year

6

2,729,324

2,729,324

NET ASSETS

19,720

20,247

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

19,716

20,243

SHAREHOLDERS' FUNDS

19,720

20,247

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 12 February 2020 and were signed by:

Marios Papantoniou - Director

1.	STATUTORY INFORMATION

Macktech 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.

Tangible fixed assets

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

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

3.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

€

€

€

COST

At 1 June 2018

and 31 May 2019

200,000

2,550,000

2,750,000

NET BOOK VALUE

At 31 May 2019

200,000

2,550,000

2,750,000

At 31 May 2018

200,000

2,550,000

2,750,000

4.

DEBTORS

31.5.19

31.5.18

€

€

Amounts falling due within one year:

Other debtors

-

672

Amounts falling due after more than one year:

Other debtors

412

412

Aggregate amounts

412

1,084

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

€

€

Other creditors

486

486

Accrued expenses

1,023

1,248

1,509

1,734

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.19

31.5.18

€

€

Other creditors

2,729,324

2,729,324