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REGISTERED NUMBER: 08275231 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

McDougall Frank Limited

McDougall Frank Limited (Registered number: 08275231)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


McDougall Frank Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Miss D M Downes





REGISTERED OFFICE: 2 Parnham Place
Rushmere St. Andrew
Ipswich
Suffolk
IP4 5QW





REGISTERED NUMBER: 08275231 (England and Wales)





ACCOUNTANTS: Suffolk Tax Accountants Group
9 Byford Court
Crockatt Road
Hadleigh
Ipswich
Suffolk
IP7 6RD

McDougall Frank Limited (Registered number: 08275231)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,236 871

CURRENT ASSETS
Debtors 5 1,229 852
Cash at bank 7,608 11,698
8,837 12,550
CREDITORS
Amounts falling due within one year 6 (1 ) (1 )
NET CURRENT ASSETS 8,838 12,551
TOTAL ASSETS LESS CURRENT LIABILITIES 11,074 13,422

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 10,074 12,422
SHAREHOLDERS' FUNDS 11,074 13,422

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 March 2024 and were signed by:





Miss D M Downes - Director


McDougall Frank Limited (Registered number: 08275231)

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

1. STATUTORY INFORMATION

McDougall Frank 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
The financial statements have been prepared on the going concern basis. The directors is confident of the company's ability to trade for the foreseeable future due to the continued support of the company bankers along with the support of the director via undrawn loan account funds.

Turnover
Turnover represents the total invoice value and excludes value added tax.

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 etc - 33% on reducing balance and 20% on reducing balance

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

McDougall Frank Limited (Registered number: 08275231)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 4,005
Additions 2,446
At 31 October 2023 6,451
DEPRECIATION
At 1 November 2022 3,134
Charge for year 1,081
At 31 October 2023 4,215
NET BOOK VALUE
At 31 October 2023 2,236
At 31 October 2022 871

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 1,229 852

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Taxation and social security (1 ) (1 )

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
Miss D M Downes
Balance outstanding at start of year 538 (538 )
Amounts advanced 1,365 -
Amounts repaid (1,138 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 765 (538 )
** BALANCE OUTSTANDING AT START OF YEAR FOR CURRENT YEAR AS SHOWN ABOVE 538
DOES NOT AGREE TO BALANCE OUTSTANDING AT END OF YEAR FOR LAST YEAR (538 )

PLEASE CHECK CLIENT SCREEN - NOTES TO FINANCIAL STATEMENTS - OTHER DISCLOSURES - TRANSACTIONS WITH DIRECTORS - DIRECTORS' ADVANCES AND CREDITS - FOR BOTH CURRENT AND LAST YEARS