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Company Registration No. 09685115 (England and Wales)
MCGUINNESS CONSULTANCY LIMITED Unaudited accounts for the year ended 31 July 2023
MCGUINNESS CONSULTANCY LIMITED Unaudited accounts Contents
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MCGUINNESS CONSULTANCY LIMITED Company Information for the year ended 31 July 2023
Director
Marie Mcguinness
Company Number
09685115 (England and Wales)
Registered Office
8 Hawkswood Eccleston Chorley PR7 5RW
Accountants
BRJF Accountants Unit 12 Guest House Farm Leyland Euxton Lancashire PR7 6HD
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MCGUINNESS CONSULTANCY LIMITED Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,170 
976 
Current assets
Debtors
5,945 
11,758 
Cash at bank and in hand
11,153 
20,781 
17,098 
32,539 
Creditors: amounts falling due within one year
(9,058)
(18,151)
Net current assets
8,040 
14,388 
Total assets less current liabilities
9,210 
15,364 
Provisions for liabilities
Deferred tax
(222)
(186)
Net assets
8,988 
15,178 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
8,888 
15,078 
Shareholders' funds
8,988 
15,178 
For the year ending 31 July 2023 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 1 November 2023 and were signed on its behalf by
Marie Mcguinness Director Company Registration No. 09685115
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MCGUINNESS CONSULTANCY LIMITED Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
MCGUINNESS CONSULTANCY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09685115. The registered office is 8 Hawkswood, Eccleston, Chorley, PR7 5RW.
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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:
Computer equipment
20% Straight Line
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MCGUINNESS CONSULTANCY LIMITED Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2022
1,419 
Additions
486 
At 31 July 2023
1,905 
Depreciation
At 1 August 2022
443 
Charge for the year
292 
At 31 July 2023
735 
Net book value
At 31 July 2023
1,170 
At 31 July 2022
976 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
208 
- 
Trade debtors
5,737 
11,758 
5,945 
11,758 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
750 
3,750 
VAT
- 
3,614 
Taxes and social security
7,202 
9,816 
Loans from directors
1,106 
971 
9,058 
18,151 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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