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Draft
Marty Mccormack Limited
Registered Number:NI624816
For the year ended 31 May 2023
Northern Ireland
Unaudited Financial Statements
2
Draft
For the year ended 31 May 2023
Marty Mccormack Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Draft
Registered Number :
NI624816
As at 31 May 2023
Marty Mccormack Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
54,590
37,200
54,590
37,200
Current assets
Trade and other receivables
25,126
21,164
2
13,123
Cash and cash equivalents
24,288
45,452
38,249
Trade and other payables: amounts falling due within one
year
(53,746)
(41,005)
3
(15,497)
4,447
Net current assets
Total assets less current liabilities
59,037
21,703
59,037
Net assets
21,703
Capital and reserves
Called up share capital
100
100
Retained earnings
58,937
21,603
59,037
21,703
Shareholders' funds
For the year ended 31 May 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 of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Marty Mccormack Director
These financial statements were approved and authorised for issue by the Board on 08 January 2024 and were signed by:
The notes form part of these financial statements
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4
Draft
For the year ended 31 May 2023
Marty Mccormack Limited
Notes to the Financial Statements
Statutory Information
Marty Mccormack Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration
number NI624816.
Registered address:
17 Kilrea Road
Upperlands
Maghera
County Londonderry
BT46 5SN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
2. Trade and other receivables
2022
2023
£
£
Trade debtors
5,202
-
Amounts owed by group undertakings and participating interests
15,962
15,962
Other debtors
-
9,164
25,126
21,164
3. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
24,382
32,191
Trade creditors
-
(1)
Taxation and social security
13,365
19,509
Other creditors
3,258
2,047
41,005
53,746
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5
Draft
For the year ended 31 May 2023
Marty Mccormack Limited
Notes to the Financial Statements Continued
4. Average number of persons employed
During the year the average number of employees was 0
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