Company Registration No. NI067730 (Northern Ireland)
McGrory Commercials Limited
Unaudited accounts
for the year ended 31 March 2022
McGrory Commercials Limited
Unaudited accounts
Contents
McGrory Commercials Limited
Company Information
for the year ended 31 March 2022
Secretary
Caroline McGrory
Company Number
NI067730 (Northern Ireland)
Registered Office
27 Eshmeen
Lisnaskea
Enniskillen
Co Fermanagh
BT92 5AH
Accountants
A D Pottie & Co Ltd
1 Church Street
Fintona
Tyrone
BT78 2BR
McGrory Commercials Limited
Statement of financial position
as at 31 March 2022
Tangible assets
37,945
31,361
Cash at bank and in hand
(1,919)
936
Creditors: amounts falling due within one year
(7,340)
(16,341)
Net current assets
29,205
25,267
Total assets less current liabilities
67,150
56,628
Creditors: amounts falling due after more than one year
(16,047)
(18,750)
Called up share capital
2
2
Profit and loss account
51,101
37,876
Shareholders' funds
51,103
37,878
For the year ending 31 March 2022 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 July 2022 and were signed on its behalf by
Kieran McGrory
Director
Company Registration No. NI067730
McGrory Commercials Limited
Notes to the Accounts
for the year ended 31 March 2022
McGrory Commercials Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI067730. The registered office is 27 Eshmeen, Lisnaskea, Enniskillen, Co Fermanagh, BT92 5AH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2021
103,734
7,475
111,209
At 31 March 2022
122,966
7,475
130,441
At 1 April 2021
74,969
4,879
79,848
Charge for the year
11,999
649
12,648
At 31 March 2022
86,968
5,528
92,496
At 31 March 2022
35,998
1,947
37,945
At 31 March 2021
28,765
2,596
31,361
5
Debtors: amounts falling due within one year
2022
2021
Trade debtors
18,486
20,298
McGrory Commercials Limited
Notes to the Accounts
for the year ended 31 March 2022
6
Creditors: amounts falling due within one year
2022
2021
Obligations under finance leases and hire purchase contracts
2,752
2,752
Trade creditors
1,938
6,326
Taxes and social security
2,812
3,863
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 3 (2021: 2).