Company Registration No. 11817051 (England and Wales)
Charles McCain Barrister Limited
Unaudited accounts
for the year ended 28 February 2023
Charles McCain Barrister Limited
Unaudited accounts
Contents
Charles McCain Barrister Limited
Company Information
for the year ended 28 February 2023
Company Number
11817051 (England and Wales)
Registered Office
3a Blue Sky Way
Monkton Business Park South
Hebburn
Tyne and Wear
NE31 2EQ
England
Accountants
Abacus Accounting (NE) Limited
3a Blue Sky Way
Monkton Business Park South
Hebburn
Tyne and Wear
NE31 2EQ
Charles McCain Barrister Limited
Statement of financial position
as at 28 February 2023
Tangible assets
10,003
17,522
Cash at bank and in hand
59,757
76,021
Creditors: amounts falling due within one year
(14,757)
(18,214)
Net current assets
45,000
57,807
Called up share capital
1
1
Profit and loss account
55,002
75,328
Shareholders' funds
55,003
75,329
For the year ending 28 February 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 17 November 2023 and were signed on its behalf by
Charles McCain
Director
Company Registration No. 11817051
Charles McCain Barrister Limited
Notes to the Accounts
for the year ended 28 February 2023
Charles McCain Barrister Limited is a private company, limited by shares, registered in England and Wales, registration number 11817051. The registered office is 3a Blue Sky Way, Monkton Business Park South, Hebburn, Tyne and Wear, NE31 2EQ, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Motor vehicles
25% straight line
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Charles McCain Barrister Limited
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
38,089
5,000
5,000
48,089
At 28 February 2023
38,089
5,000
10,337
53,426
At 1 March 2022
28,567
1,000
1,000
30,567
Charge for the year
9,522
1,000
2,334
12,856
At 28 February 2023
38,089
2,000
3,334
43,423
At 28 February 2023
-
3,000
7,003
10,003
At 28 February 2022
9,522
4,000
4,000
17,522
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
10,988
15,557
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).