McLean and McLean Consultants Ltd
Registered number: 08606181
Statement of Financial Position
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 116 155
Current assets
Cash at bank and in hand 2,641 4,318
Creditors: amounts falling due within one year 4 (2,325) (2,445)
Net current assets 316 1,873
Net assets 432 2,028
Capital and reserves
Called up share capital 100 100
Profit and loss account 332 1,928
Shareholders' funds 432 2,028
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A McLean
Director
Approved by the board on 15 November 2023
McLean and McLean Consultants Ltd
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Going concern
The company has ceased trading and the financial statements have been prepared on a basis other than that of the going concern basis. Provisions have also been made in respect of contracts which have become onerous at the reporting date. No provision has been made for the future costs of terminating the business unless such costs were committed at the reporting date.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees and directors 2023 2022
Number Number
Average number of directors and persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 1,548
At 31 July 2023 1,548
Depreciation
At 1 August 2022 1,393
Charge for the year 39
At 31 July 2023 1,432
Net book value
At 31 July 2023 116
At 31 July 2022 155
4 Creditors: amounts falling due within one year 2023 2022
£ £
Accruals 780 780
Other creditors 1,545 1,665
2,325 2,445
5 Other information
McLean and McLean Consultants Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Woodlands Cage End
Hatfield Broad Oak
Bishop's Strotford
Hertfordshire
CM22 7HP
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