2021-07-01 09604892 2022-06-30 09604892 2021-07-01 2022-06-30 09604892 2021-06-30 09604892 2020-07-01 2021-06-30 09604892 uk-core:WithinOneYear 2021-06-30 09604892 uk-core:WithinOneYear 2022-06-30 09604892 uk-core:AfterOneYear 2021-06-30 09604892 uk-core:AfterOneYear 2022-06-30 09604892 uk-core:ShareCapital 2022-06-30 09604892 uk-core:ShareCapital 2021-06-30 09604892 uk-core:RetainedEarningsAccumulatedLosses 2022-06-30 09604892 uk-core:RetainedEarningsAccumulatedLosses 2021-06-30 09604892 uk-bus:Director1 2021-07-01 2022-06-30 09604892 uk-core:NetGoodwill 2021-07-01 2022-06-30 09604892 uk-core:CommercialMotorVehicles 2021-07-01 2022-06-30 09604892 uk-core:WithinOneYear 2022-06-30 09604892 uk-core:WithinOneYear 2021-06-30 09604892 uk-core:AfterOneYear uk-core:Secured 2022-06-30 09604892 uk-core:AfterOneYear uk-core:Secured 2021-06-30 iso4217:GBP xbrli:pure 09604892 uk-bus:AuditExemptWithAccountantsReport 2021-07-01 2022-06-30 09604892 uk-bus:FRS102 2021-07-01 2022-06-30 09604892 uk-bus:FullAccounts 2021-07-01 2022-06-30 09604892 uk-bus:PrivateLimitedCompanyLtd 2021-07-01 2022-06-30
Sean McArdle & Son Limited
Registered Number:09604892
For the year ended 30 June 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2022
Sean McArdle & Son Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
09604892
As at 30 June 2022
Sean McArdle & Son Limited
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
30,246
40,328
2
30,246
40,328
Current assets
Trade and other receivables
24,368
21,948
3
73,724
Cash and cash equivalents
83,820
105,768
98,092
Trade and other payables: amounts falling due within one
year
(53,131)
(53,155)
4
44,961
52,613
Net current assets
Total assets less current liabilities
82,859
85,289
Trade and other payables: amounts falling due after more
than one year
(47,992)
(34,963)
5
(5,746)
(7,662)
Provisions for liabilities
42,150
Net assets
29,635
Capital and reserves
Called up share capital
101
101
Retained earnings
42,049
29,534
42,150
29,635
Shareholders' funds
For the year ended 30 June 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 of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
S Mcardle Director
These financial statements were approved and authorised for issue by the Board on 30 August 2022 and were signed by:
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4
Registered Number :
09604892
For the year ended 30 June 2022
Sean McArdle & Son Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 30 June 2022
Sean McArdle & Son Limited
Notes to the Financial Statements
Statutory Information
Sean McArdle & Son Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 09604892.
Registered address:
61 Barton Hill Road
Torquay
Devon
TQ2 8JF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 5 years.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
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.
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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6
For the year ended 30 June 2022
Sean McArdle & Son Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Plant and
machinery
£
Cost or
valuation
At 01 July 2021
64,175
At 30 June 2022
64,175
Provision for depreciation and impairment
At 01 July 2021
23,847
Charge for year
10,082
At 30 June 2022
33,929
At 30 June 2022
Net book value
30,246
At 30 June 2021
40,328
3. Trade and other receivables
2021
2022
£
£
Trade debtors
18,992
15,186
Other debtors
2,956
9,182
24,368
21,948
4. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Bank loans and overdraft
9,527
9,527
Taxation and social security
11,889
11,051
Other creditors
31,739
32,553
53,155
53,131
5. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft
30,163
39,690
Other creditors
4,800
8,302
34,963
47,992
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7
For the year ended 30 June 2022
Sean McArdle & Son Limited
Notes to the Financial Statements Continued
6. Related party transactions
The company was under the control of Sean McArdle during this year.
7. Average number of persons employed
During the year the average number of employees was 2 (2021 : 2)
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