MC_Projects_and_Consultancy_Limited_31_Dec_2023_companies_house_set_of_accounts.html
MC_Projects_and_Consultancy_Limited_31_Dec_2023_companies_house_set_of_accounts.html
Company registration number:
Report to the board of directors on the preparation of the unaudited statutory financial statements of MC Projects And Consultancy Limited
Year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MC Projects And Consultancy Limited for the year ended 31 December 2023 which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Members/Doc/rule/2018-rulebook.pdf.
This report is made solely to the Board of Directors of MC Projects And Consultancy Limited , as a body. Our work has been undertaken solely to prepare for your approval the financial statements of MC Projects And Consultancy Limited and state those matters that we have agreed to state to the Board of Directors of MC Projects And Consultancy Limited , as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MC Projects And Consultancy Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that MC Projects And Consultancy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MC Projects And Consultancy Limited . You consider that MC Projects And Consultancy Limited is exempt from the statutory audit requirement for the year.
Unit 8Laceby Business ParkLacebyNorth East LincsDN37 7DPUnited Kingdom
Date:
7 May 2024
Statement of Financial Position
| 2023 | 2022 | ||||
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| Note | £ | £ | |||
| Fixed assets | |||||
| Tangible assets | 5 |
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| Current assets | |||||
| Stocks | - |
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| Debtors | 6 |
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| Cash at bank and in hand |
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| Creditors: amounts falling due within one year | 7 |
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| Net current assets/(liabilities) |
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| Total assets less current liabilities | 123,690 | 71,112 | |||
| Provisions for liabilities |
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| Net assets |
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For the year ending 31 December 2023 , 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 year in question in accordance with section 476; The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These 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.
These financial statements were approved by the board of directors and authorised for issue on 7 May 2024 , and are signed on behalf of the board by:
| Director |
Company registration number:
11952435
Notes to the Financial Statements
Year ended 31 December 2023
1 General information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 27 Gayton Road , Cleethorpes , North East Lincolnshire , DN35 0HN , England.
2 Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.
3 Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The financial statements are prepared in sterling, which is the functional currency of the company.
Turnover
Current tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
| Land and buildings | |
| Fixtures and fittings | |
| Office equipment |
Stocks
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.
Pension costs and other post-retirement benefits
The company operates and 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.
4 Average number of employees
The average number of persons employed by the company during the year was 3 (2022: 3 ).
5 Tangible assets
| Land and buildings | Plant and machinery etc. | Total | ||||
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| At 31 December 2022 |
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6 Debtors
| 2023 | 2022 | |||
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| £ | £ | |||
| Trade debtors |
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| Other debtors |
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7 Creditors: amounts falling due within one year
| 2023 | 2022 | |||
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| £ | £ | |||
| Taxation and social security |
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| Other creditors |
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