1 April 2021 false No description of principal activity Taxfiler 2022.8.3 NI067730business:PrivateLimitedCompanyLtd2021-04-012022-03-31 NI0677302021-03-31 NI0677302021-04-012022-03-31 NI067730business:AuditExempt-NoAccountantsReport2021-04-012022-03-31 NI067730business:FullAccounts2021-04-012022-03-31 NI0677302022-03-31 NI067730business:Director12021-04-012022-03-31 NI067730business:CompanySecretary12021-04-012022-03-31 NI067730business:RegisteredOffice2021-04-012022-03-31 NI0677302021-03-31 NI067730core:WithinOneYear2022-03-31 NI067730core:WithinOneYear2021-03-31 NI067730core:AfterOneYear2022-03-31 NI067730core:AfterOneYear2021-03-31 NI067730core:ShareCapital2022-03-31 NI067730core:ShareCapital2021-03-31 NI067730core:RetainedEarningsAccumulatedLosses2022-03-31 NI067730core:RetainedEarningsAccumulatedLosses2021-03-31 NI067730business:SmallEntities2021-04-012022-03-31 NI067730countries:NorthernIreland2021-04-012022-03-31 NI067730core:PlantMachinery2021-04-012022-03-31 NI067730core:MotorVehicles2021-04-012022-03-31 NI067730core:PlantMachinery2021-03-31 NI067730core:MotorVehicles2021-03-31 NI067730core:PlantMachinery2022-03-31 NI067730core:MotorVehicles2022-03-31 NI0677302020-04-012021-03-31 iso4217:GBP xbrli:pure
Company Registration No. NI067730 (Northern Ireland)
McGrory Commercials Limited Unaudited accounts for the year ended 31 March 2022
McGrory Commercials Limited Unaudited accounts Contents
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McGrory Commercials Limited Company Information for the year ended 31 March 2022
Director
Kieran McGrory
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
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McGrory Commercials Limited Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
37,945 
31,361 
Current assets
Inventories
10,178 
11,284 
Debtors
28,286 
29,388 
Cash at bank and in hand
(1,919)
936 
36,545 
41,608 
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)
Net assets
51,103 
37,878 
Capital and reserves
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
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McGrory Commercials Limited Notes to the Accounts for the year ended 31 March 2022
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Additions
19,232 
- 
19,232 
At 31 March 2022
122,966 
7,475 
130,441 
Depreciation
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 
Net book value
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 
Other debtors
9,800 
9,090 
28,286 
29,388 
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McGrory Commercials Limited Notes to the Accounts for the year ended 31 March 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
(162)
3,400 
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 
7,340 
16,341 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
16,047 
18,750 
8
Average number of employees
During the year the average number of employees was 3 (2021: 2).
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