J. MCGHEE (FINANCIAL CONSULTANT) LTD.

Company Registration Number:
SC299913 (Scotland)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

J. MCGHEE (FINANCIAL CONSULTANT) LTD.

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

J. MCGHEE (FINANCIAL CONSULTANT) LTD.

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 163 217
Total fixed assets: 163 217
Current assets
Debtors: 4 35,912 25,322
Cash at bank and in hand: 49,848 69,986
Total current assets: 85,760 95,308
Net current assets (liabilities): 85,760 95,308
Total assets less current liabilities: 85,923 95,525
Creditors: amounts falling due after more than one year: 5 (9,333) (18,682)
Provision for liabilities: (31) (44)
Total net assets (liabilities): 76,559 76,799
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 76,549 76,789
Shareholders funds: 76,559 76,799

The notes form part of these financial statements

J. MCGHEE (FINANCIAL CONSULTANT) LTD.

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 10 November 2023
and signed on behalf of the board by:

Name: J McGHEE
Status: Director

The notes form part of these financial statements

J. MCGHEE (FINANCIAL CONSULTANT) LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life Plant & machinery -25% on reducing balance

Other accounting policies

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

J. MCGHEE (FINANCIAL CONSULTANT) LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

J. MCGHEE (FINANCIAL CONSULTANT) LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 2,816
At 31 March 2023 2,816
Depreciation
At 01 April 2022 2,599
Charge for year 54
At 31 March 2023 2,653
Net book value
At 31 March 2023 163
At 31 March 2022 217

J. MCGHEE (FINANCIAL CONSULTANT) LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

J. MCGHEE (FINANCIAL CONSULTANT) LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due after more than one year note

Amount due of £9333 is made up as follows Taxation & social security £6990 Other creditors £2343

J. MCGHEE (FINANCIAL CONSULTANT) LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Loans to directors

Name of director receiving advance or credit: J McGHEE
Description of the loan: Advances
£
Balance at 01 April 2022 14,000
Advances or credits made: 15,000
Balance at 31 March 2023 29,000

Advances to the director are interest bearing and repayable on demand.