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REGISTERED NUMBER: 07646261 (England and Wales)














McCarthys (Wickham) Limited

Unaudited Financial Statements

for the Year Ended 31 August 2023






McCarthys (Wickham) Limited (Registered number: 07646261)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


McCarthys (Wickham) Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mrs C.J. McCarthy
Ms T C McCarthy



SECRETARY:



REGISTERED OFFICE: The Oaks
Winchester Road
Wickham
Fareham
Hampshire
PO17 5HE



REGISTERED NUMBER: 07646261 (England and Wales)



ACCOUNTANTS: Barter Durgan
Chartered Accountants
10 Victoria Road South
Southsea
Hampshire
PO5 2DA



BANKERS: Lloyds TSB Bank
Bishops Waltham
Hampshire
SO32 1GS

McCarthys (Wickham) Limited (Registered number: 07646261)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 57,235 62,688
57,235 62,688

CURRENT ASSETS
Stocks 14,500 16,750
Debtors 6 5,698 2,398
Cash at bank and in hand 394,162 357,307
414,360 376,455
CREDITORS
Amounts falling due within one year 7 159,456 138,489
NET CURRENT ASSETS 254,904 237,966
TOTAL ASSETS LESS CURRENT
LIABILITIES

312,139

300,654

CAPITAL AND RESERVES
Called up share capital 8 50,000 50,000
Retained earnings 262,139 250,654
SHAREHOLDERS' FUNDS 312,139 300,654

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

McCarthys (Wickham) Limited (Registered number: 07646261)

Balance Sheet - continued
31 August 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by:




Mrs C.J. McCarthy - Director



Ms T C McCarthy - Director


McCarthys (Wickham) Limited (Registered number: 07646261)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

McCarthys (Wickham) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

McCarthys (Wickham) Limited (Registered number: 07646261)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

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 20 (2022 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 100,000
AMORTISATION
At 1 September 2022
and 31 August 2023 100,000
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2022 353,381 195,786 549,167
Additions 18,444 - 18,444
At 31 August 2023 371,825 195,786 567,611
DEPRECIATION
At 1 September 2022 325,033 161,446 486,479
Charge for year 15,312 8,585 23,897
At 31 August 2023 340,345 170,031 510,376
NET BOOK VALUE
At 31 August 2023 31,480 25,755 57,235
At 31 August 2022 28,348 34,340 62,688

McCarthys (Wickham) Limited (Registered number: 07646261)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 532 699
VAT 5,166 1,699
5,698 2,398

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 38,257 17,341
Taxation 3,987 4,701
Social security and other taxes 1,646 1,583
Directors' current accounts 106,325 106,325
Accrued expenses 9,241 8,539
159,456 138,489

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50,000 Ordinary £1 50,000 50,000

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs C.J. McCarthy.