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REGISTERED NUMBER: 07081076 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

J.D. MACADAM & SON (RESCUE) LIMITED

J.D. MACADAM & SON (RESCUE) LIMITED (REGISTERED NUMBER: 07081076)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J.D. MACADAM & SON (RESCUE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: J D D Macadam
Mrs M L Macadam
A J D Macadam
Ms S A Macadam
Mrs H Cope





REGISTERED OFFICE: Hyde Park Garage
North Valley Road
Colne
Lancashire
BB8 9RG





REGISTERED NUMBER: 07081076 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Chartered Accountants
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY

J.D. MACADAM & SON (RESCUE) LIMITED (REGISTERED NUMBER: 07081076)

BALANCE SHEET
31ST MARCH 2023

31.3.23 31.3.22
Notes £    £   
CURRENT ASSETS
Debtors 4 743,486 1,251,510
Cash at bank and in hand 1,443,027 1,176,931
2,186,513 2,428,441
CREDITORS
Amounts falling due within one year 5 971,332 940,671
NET CURRENT ASSETS 1,215,181 1,487,770
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,215,181

1,487,770

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,215,180 1,487,769
SHAREHOLDERS' FUNDS 1,215,181 1,487,770

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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.

The financial statements were approved by the Board of Directors and authorised for issue on 8th September 2023 and were signed on its behalf by:





J D D Macadam - Director


J.D. MACADAM & SON (RESCUE) LIMITED (REGISTERED NUMBER: 07081076)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

J.D. Macadam & Son (Rescue) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 balance sheet date.

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

Pension costs and other post-retirement benefits
The company operates a 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 133 (2022 - 124 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 565,968 357,904
Amounts owed by group undertakings 111,622 861,374
Other debtors 65,896 32,232
743,486 1,251,510

J.D. MACADAM & SON (RESCUE) LIMITED (REGISTERED NUMBER: 07081076)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 379,624 359,860
Taxation and social security 316,158 334,337
Other creditors 275,550 246,474
971,332 940,671

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year 243,500 290,199
Between one and five years 974,000 1,102,946
1,217,500 1,393,145

7. CONTINGENT LIABILITIES

J.D. Macadam & Son (Garages) Limited, J.D. Macadam & Son (Rescue) Limited and J.D. Macadam & Son (Accident Repairs) Limited have provided an unlimited intercompany cross guarantee to secure each other's liabilities to the bank.The bank borrowings outstanding at 31st March 2022 were £481,972 (2021: £603,691). The security given by J.D. Macadam & Son (Rescue) Limited comprises a debenture over all of the assets of the company.